BREAKING NEWS

Announcing our new Cyber Technology Group

We are excited to announce our new practice area, BMF Cyber Technology Group. This new service line will offer a package of high-level IT, network and cybersecurity solutions, and a unique component of IT executive coaching.

Articles & Publications

Disaster Planning: Plan for the Possible

  “One cannot plan for the unexpected.” – Aaron Klug   According to the Institute for Business and Home Safety, an estimated 25% of businesses don’t reopen following a major disaster. The Federal Emergency Management Association (FEMA) paints an. Read More >>

All Posts

Construction Industry Outlook for 2019

The first quarter of 2019 is showing signs of a slowdown for the Construction Industry, and trade groups like FMI and other construction associations have been acknowledging the slower pace. An indication from the Dodge Momentum Index shows a. Read More >>

Work in Process Schedule: The Lifeblood of a Construction Company

The work in process schedule (WIP) is the heartbeat of any construction company and needs to be accurately maintained and analyzed. The WIP is a financial performance summary of each individual contract that the company enters. There are many. Read More >>

Revenue Recognition for Contractors: Seminar Takeaways

There aren’t many instances when the businesses face a game changer, but that what every company will experience in its day-to-day accounting practices with the Revenue Recognition Standards. To help make sense of the change, we hosted an educational seminar. Read More >>

Revenue Recognition Issue 8 – Special Focus: Construction

As the new standards are being rolled out, the construction industry needs to address these standards as well as the unique accounting issues that the construction contractor faces with preparing their annual financial statements. There are several unique items. Read More >>

Study Identifies 5 Major Construction Risk Factors

It’s impossible to run any business without incurring risks, but the construction industry is riskier than most. Smart contractors do all they can to understand and mitigate the business threats they face so their businesses remain viable in times. Read More >>

Nasty Numbers: 7 red flags to watch out for in your financial statements

Financial statements show not only where a construction company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on — before they turn. Read More >>

Construction Insights: Now is a Good Time to Reconsider Lean Construction Concepts

If you’ve been in business for any length of time, you’ve probably encountered the term “lean.” It emerged and gained popularity in the 1990s as the automotive, pharmaceutical and other industries sought to eliminate waste, increase value to their. Read More >>

What Does the Future Hold for Your Cash Flow?

They say you can’t predict the future. Technically, that’s true — no one can say, within every minute detail, what will happen tomorrow. But, when it comes to their cash flow, contractors must at least try. Knowing what the. Read More >>

Construction Insights: WIP Reports – A Valuable Management Tool

  Financial statements are an indispensable tool for gauging your construction company’s historical results and financial health. But relying on them alone is like driving a car by looking in the rearview mirror. To see the road ahead, you. Read More >>

Boom or Bust? Watch for Signs of the Next Business Cycle

Experienced contractors never forget the inherently cyclical nature of the construction business. After each boom and bust cycle, surviving contractors invariably promise themselves they will not be caught by surprise again and they’ll be more watchful for early signs. Read More >>