Live Webinar: May 4, 2021 | 10AM ESt
Many financial professionals in the Construction Industry utilize financial data of peers to measure the performance and overall financial health of a company.
By benchmarking a company’s performance, potential areas of improvement to take a company to the next level are identified; however, the next question often is, “Where do we go from here?”
In a joint webinar sponsored by Associated Builders and Contractors (ABC) Baltimore, join Clearview Group’s Senior Manager and Co-chair of the CFMA Financial Benchmarker Committee, Steve Freinberg as he highlights ways to boost your construction company performance through the Financial Benchmarker data.
This year has seen unprecedented upheaval to the U.S. economy because of the COVID-19. Its impact has rippled across the country, and no sector was spared, including the construction industry. CFMA conducted a short survey to help understand the effects of COVID-19 on the construction industry, such as business curtailment, workforce layoffs, backlog, and participation in federal assistance programs (PPP). CFMA gathered information from construction companies as well as companies and consultants that support the industry (e.g., CPA’s, Bankers, Sureties, etc.). The second half of this session will share the results of the survey, as we discuss observations/trends in the industry based on the data presented.
- Demonstrate how to use the Financial Benchmarker to compare to your company’s data
- Learn what the next steps are that you should take after problem areas are identified
- Communicate the results of the COVID-19 Impact Survey and discussion.