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What is the Lean Approach in Construction Contracting?
In a phrase, we define it as asset productivity. (Current and fixed assets along with people) Productive assets means higher ROI. Healthy financial results bode well for construction contractors and their staffs. As you know, cash in the bank can determine whether your business future will be a) troubled b) robust or c) extinct. The bank does not have an opinion about your balance; it is not debatable. That balance allows you to take a long-term view or forces you focus only on the short term. Greater asset productivity is what most contractors desire. It beats the alternatives.
For the rest of the this chapter, read my book, Managing a Construction Firm on Just 24 Hours a Day (McGraw Hill, 2007, 406 pages). Google on the title and you will find it all major book stores including ours.
Posted by Matt Stevens at April 8, 2008 7:33 AM