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#11 Surviving Crisis and Business Downturns in the Construction Industry

https://letsgetsurety.org/episode-player/267/11-surviving-crisis-business-downturns-construction-industry.mp3

Dr. Tom Schleifer, Author, Let’s Talk Business

Dr. Tom Schleifer, Author, Let’s Talk Business

In this episode, guest Dr. Tom Schleifer, retired construction executive, Arizona State University professor, and author of the blog, “Let’s Talk Business”, shares insights into how construction firms can survive the current COVID-19 crisis and resulting economic downturn hitting the construction industry. He cautions contractors to be wary of the wait and see a model of managing the current downturn, and to take a hard look now at cutting expenses to better weather this downturn. He discusses his analysis of data coming in now and compares it to the data and models from past economic downturns in the construction industry. For more information, you can also read a compilation of blog posts that Tom has shared on this topic, “Crisis-Era Message to Contractors: A Series from Dr. Tom Schleifer.”

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP


Posted On May 12, 2020

Posted By Let's Get Surety

Posted In Risk Management & Insurance

Tagged construction COVID-19 economic downturn economy surety

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