Construction Company Financial Failures

One of the key concepts of this class is that diligent financial management is critical to the success of any size company. To reinforce this, research any Construction company that has failed in the past 10 years. 250-500 word post discussing the following:

Why do construction companies fail, and what can the project manager, owner and finance manager do to prevent this?

Possible points to discuss in your post:

What company did you research? What was the background for this company? Years in business, what did it specialize in, howmany employees, etc. What is the approximate failure rate of construction firms in North America? What are the leading causes of construction company failures in North America? What factors contributed to the failure of the construction company you are studying? Can any one person, department, project or event be blamed for the failure of the company? What lessons can be learned from the failure of the company you studied?

Cite all of your sources at the end of the post (minimum of 1 source).

Grading for this assignment is as follows:

/5 Relevant facts presented

/4 Spelling and Grammar

/1 Sources Cited