contractors – corvative

Control, Doingbehaviour, contracting, contractors, difficult, financial distress, fragility, insolvency, markets, resilience, resilient, risk, volatility, weak signals

The art of bouncing back – resilient contracting in difficult markets

Volatility increases during times of economic decline. Not every business providing contracting services will survive it, and some will fail catastrophically. But some, paradoxically, will thrive. What makes some contractors resilient and…

Doing, Planning, Scope, Selectionconstruction management, contractors, incentives, information asymmetry, moral hazard, remuneration, risk

Getting the right incentives into construction management agreements

Poorly-designed incentives may encourage a contractor to behave in unexpected and unpleasant ways. And construction management is a form of contract that is especially vulnerable. The Construction Management Association of…

Change, Doing, Selectioncontractors, financial distress, insolvency, local content, remuneration, risk, social licence to operate

Feeding stray cats: Should you support a contractor in financial distress?

You know what it's like to have a hungry stray cat begging at the back door. You try to ignore it. You hope it will go home. But one day you…

Change, Doing, Initiation, Planning, Scope, Selection, Shaping, Strategybid management, contractors, developing economies, incentives, local content, qualification, remuneration, risk, Strategy, suppliers, work packaging

Creating local content opportunities in major projects

With careful planning and management, you can not only find and grow capable small and medium-sized enterprises (SMEs), but also give them real opportunities in major projects. And with smart planning…