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When you do the right thing
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During my holidays, I’m supervising a few Real Estate projects. And you know when you try to do shortcuts. They hit you in the ass one day or another. No matter how fast you run, how hard you try… your main job becomes to hide and deal with missteps moving forward instead of stopping for a second and redo the thing in the right way. Sorry. There is only one way of doing things and be successful: doing the right thing. The truth is effortless. You don’t need to remember and justify your lies. The same is with your projects. Do the right thing, even if it is hard, even if you need to recognize mistakes. If you do that, your professionalism goes up, and that puts you miles away from the rest. If you do that, your business goes up, improves, becomes known for the right things. You’ll thrive. ​ In my last project, lots of time was wasted in covering things not done right… when the answer, the guideline, the right way… was perfectly described in the contract… ​ Check it out. ​
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
Conflict of interest: A time bomb You can have the best lawyers.The shiniest financial model.The perfect risk matrix. The most balance incentive a.k.a. bonuses program… And still see your project collapse…Because of conflict of interest. Take the Athens ring road extension. During procurement, it turned out that one of the “independent” advisors hired to evaluate bids had close financial ties with a consortium member. Not a minor connection. A proper stake in the game. When journalists...
Yesterday I told you about a KPI regime that seemed a horror story. Today, I bring you another that kills. Kills contract, I mean. I often tell people that vertical PPPs are not my cup of tea. Hospitals… I run away. Too complicated. Too political. Too high stakes. Take the wave of hospital PPPs in the UK during the 2000s. On paper, they looked brilliant: new facilities, modern equipment, long-term maintenance secured. But still… the KPI regime was written by bureaucrats with too much coffee...
Some PPPs die before they start.Others collapse under the weight of construction. And then there are those that rot from within — strangled by their own KPI regime. Take the Peterborough Prison PPP in the UK.On paper, it was innovative: the first privately financed prison with a focus on rehabilitation. The government loved the concept. The innocent believers in human nature wet dreamt about it. The financiers lined up.The operator thought they could make it work… if not, they would still...