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P R O F I L E
BHC Rhodes did surveying and civil engineering for the Kansas State University Foundation.
Conference call: Kevin Honomichl Co-founder and president of BHC Rhodes (Hot Firm # 15 for 2017), a 130-person civil engineering firm based in Overland Park, Kansas.
By LIISA ANDREASSEN Correspondent
“P rofit centers go against the dynamic of a team culture,” Honomichl says. “We win/lose together. Profit centers are countercultural and would never make us better.” A CONVERSATION WITH KEVIN HONOMICHL. The Zweig Letter: What’s your policy on shar- ing the firm’s financials with your staff? Week- ly, monthly, quarterly, annually? And how far down into the org chart is financial information shared? Kevin Honomichl: You need to balance transpar- ency with confidentiality. Annually, we share finan- cial information with all staff. That information is focused on how we did the year before and we
talk about things like 401(k)s and discuss if we did what we said we were going to do. Once a month we share more detailed financial information with shareholders. Project managers also get income sheets on a monthly basis and can then communi- cate to their team how things are going. I find that you need to give people the information that will be helpful in their roles. They don’t need to have everything all the time. During the recession, peo- ple wanted to know everything. We gave it to them straight. It was ugly. They really want to knowmore about things like our war chest and reserves. We strive for profitability and share in rewards. TZL: The design-build delivery model appears to be trending upward. What are the keys to a suc- cessful design-build project? What are the risks?
Kevin Honomi- chl, Co-found- er & President, BHC Rhodes
THE ZWEIG LETTER Ma
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