The RISKIEST part of the Construction Cycle: Each day, I hear lots of excitement from my owner clients about how banks are interested in talking about our project.  I hear lots of upbeat optimism from design firms about their proposal volume.  Contractors are elated about...

Recently I was speaking with a couple of contractors and they were telling me some project bid stories. First of all, when a contractor bids work it is highly competitive and risks are taken to be the successful low bidder.  All contractors believe that when they...