Manual of Construction Practices

Dr. Schleifer has worked in Construction for more than 50 years, and has accumulated an astonishing amount of knowledge about the inner workings of the industry.  Over the past years, he has compiled all of his knowledge about the business side of the business of construction, and created a Manual of Construction Practices.

Dr. Schleifer wishes to share his knowledge and improve the ever advancing Construction Industry.  For this reason, the entire manual is available here – 100% free.  It has been broken down into sections/topics for your convenience, or you can download the full 200 page manual at once.

Recognizing and Managing Risk

How do you know if your company is at risk?  Can you know? How do you solve potential problems and avoid them in the future?  Read the articles below to understand how to recognize if you company is at risk, and how to manage it.

Evolving Market – Same Risks

Are You Risking Your Company By Growing Too Fast

The New Rules of Risk

Financial Risk

In every failed company, there were signs of financial risk that may not have been seen until too late.  Don’t let that happen to your company too.  Below, use the R-Score measurement tool and learn about the key indicators of financial distress to know if your company is at risk.  

The R-Score measurement is the result of extensive research by Dr. Tom Schleifer. It is a single formula that determines whether a construction company’s financial condition is improving or deteriorating, and to what degree. Unlike any single ratio discussed here, this formula consists of a combination of interrelated financial and organizational performance indicators. Simply stated, this indicator measures the ability of a company to produce its work at a profit while effectively utilizing its financial resources (essentially keeping debt low in relation to equity). 

RScoreWorksheet

Indicators of Financial Distress

Original RScore Research 

Construction Market Cycles

As with nearly all industries, the construction industry operates within cycles of growth and recession.  How will your company adjust to these cycles?  Read the articles below to understand what the cycles could mean, and how your company can remain afloat. 

Prospering in Cyclical Markets

No one Likes Recession – Some are going to Hate Recovery

Downsizing Can Lead to Success

Downsizing_ A Profitable Alternative in a Downturn

Industry Consolidation

Is your company prepared for the inevitable market cycles which affect all industries across the globe?  These market cycles can be devastating to a company that has not adequately prepared. Read the articles below to learn how you can prepare your company. 

Prepare for a Huge Die-Off

Cyclical Market – Same Risks

Personal Professional Development

Regardless of your age or stage in life, there is never a good time or reason to stop learning and advancing your education. As Malcolm X said “Education is the passport to the future, for tomorrow belongs to those who prepare for it today.”  So read the articles below and work to be the best you can.  

Education and Training in Construction

Self-Directed Professional Development

Project Selection

In order to have a successful company, you have to have successful projects.  Is there a way to ensure the projects you choose will be beneficial?  Read below to learn about selecting the best projects for your company.  Additionally, download the free project selection process which provides an accurate measurement of project selection risk based upon what is known or not known about a potential project at a given point in time, and how well the project matches the firm’s experience.

Pursuing Only Profitable Work

Avoiding Losing Projects

The Science of Project Selection

Project Slection

Boards of Directors

Nearly every company has a Board of Directors, but are they really needed?  Should your company have one? Read the article below to understand why a Board of Directors might need to be your next company addition.

The Need for Boards of Directors

Customer Service

Without customers, no business would exist, so why is it so common to hear people talk of bad customer service?  If your customers leave, it wont be long until you have to shut your doors, so read below to learn how to manage customer relations. 

How to Manage Customer Relations

Full Manual Download

Click here to download Dr. Schleifer’s Full Manual of Construction Practices