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Basu, who serves as the chief economist for the Associated Builders and Contractors (ABC) and the Construction Financial Management Association (CFMA) notes that while the short-term outlook for the construction industry remains solid, overall indicators point to a potential slowdown over the next couple of years.
The Construction Financial Management Association (CFMA) has a hidden gem that outsiders are unaware of. It’s the Benchmarking Builder, part of the CFMA’s Annual Financial Survey. There are metrics for Highway/Heavy, General Contracting and Specialty Trades to compare apples to apples in the CFMA Benchmarker.
Last week I had the privilege of attending the annual leadership conference of the Construction Financial Management Association (CFMA). Called their “Spring Creek” event, CFMA chapter presidents from around the country gather for several days of leadership and team building exercises in Arizona. « Some Advice on Change Orders.
Here in Arizona, the Valley of the Sun Chapter of the Construction Financial Management Association (CFMA) is conducting an on-line Construction industry salary survey. You can get this resource for free just by participating. Take the AZ Construction Salary Survey on-line: https://novisurvey.net/n/7g2.aspx.
But just in case you need a refresher on the purpose KPIs serves, here is how the Construction Financial Management Association (CFMA) defines them. CFMA describes KPIs as being vital signs that show whether “your business is functioning according to plan.” It explains that the “key” part of the acronym indicates prioritized metrics.
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