Incentive Compensation for Contractors - Alignment

One of the most challenging aspects of incentive programs is communicating demonstrated success.

Courtney Stearns Profile Picture
Share
Contributors Sue Weiler-Doke Profile PictureSue Weiler-Doke David Brown Profile PictureDavid Brown

This needs to be communicated in such a way that every functional group believes they have direct impact on their incentive outcome and that it is fairly applied across all stakeholders.

We’ll discuss how teams building trust by encouraging participation in the definition not only of the incentive program but the measures of success across each functional group is challenging but yields amazing results.


In this video series, Courtney Stearns, Sue Weiler-Doke, and David Brown discuss the most common questions we get from contractors about incentive programs, including a bunch of great questions from the audience.

This is Part 6 of a 20-Part Series


Topics Covered in the Series Include:

  • Culture
  • Next Steps
  • Prerequisites
  • Who Benefits?
  • Calculations

All relationships start with a simple conversation. Let’s schedule some time to talk about your specific challenges and opportunities.

 


Incentive Compensation for Contractors - Alignment
Every successful and profitably growing contractor we work with has a comprehensive and integrated set of incentive programs in place at all levels of the organization. These programs reinforce the daily actions and behaviors that make them successful. ...

Incentive Compensation for Contractors - Alignment
Every successful and profitably growing contractor we work with has a comprehensive and integrated set of incentive programs in place at all levels of the organization. These programs reinforce the daily actions and behaviors that make them successful. ...

Project Delivery - CM Agency or Multi-Prime
Project Owners can minimize the markups for overhead and profit by contracting directly with the specialty contractors and hiring a Construction Management (CM) firm to work as their agent. This project delivery method is called CM Agency or Multi-Prime.
The Role of Key Subcontractors and Vendors in the Preconstruction Process
Subcontractors and vendors are positioned to add a lot of value during the preconstruction phase. Unfortunately few of them actually deliver that value. Learn why and what to do about it.
Cranes and a Construction Business
There is a lot of intentionality around all aspects of every crane lift, including systems for double-checking and approvals. There is far less intentionality around the business equivalents for contractors and that dramatically impacts performance.