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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 >>

Show me the money – Ways to Keep Your Profits on Track

While the U.S. economy continues to improve, contractors must carefully watch their bottom lines. This means keeping track of how increases — or decreases — in profitability can affect your construction company. The following are ways for your company. Read More >>

Employee Compensation: Recruiting and Retaining Key Personnel

With the construction economy recovering, the need for experienced project managers and supervisors is increasing. Unfortunately, the last downturn drove many experienced professionals out of the industry, so qualified senior project management resources are in limited supply. How can. Read More >>

Identifying and Preventing Profit Fade

As a construction business owner, you’ve probably completed a job with high hopes only to find that the anticipated profit had somehow evaporated. That is, the costs of performing the work equaled or exceeded the revenue it brought in.. Read More >>

Construction Success Story: Contractor tired of being stonewalled on final payments

There’s nary a construction company in business that hasn’t had difficulty collecting monies owed for a project. In many instances, a contractor may be tempted to write off the bad debt, rather than spend time and effort trying to. Read More >>

Financial Reporting: VIE Rules Can Cause Confusion

Tuesday, January 19, 2016 For most construction businesses, maintaining financial statements that comply with generally accepted accounting principles (GAAP) is a fundamental requirement of doing business. Lenders and sureties require contractors to submit financial statements that have been certified. Read More >>

Dale Ruther Earn Prestigious CCIFP Designation

AKRON, OH – January 1, 2016 – Bober Markey Fedorovich (BMF), a top 20 regional CPA and advisory firm in Northeast Ohio, is pleased to announce that Dale A. Ruther, CPA, CIT, CDS has received the Certified Construction Industry Financial. Read More >>