Tag: financial
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How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
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Delegated Design in Construction: How to Avoid Legal and Financial Risks
Design delegation has become increasingly prevalent in modern construction, encompassing everything from curtain wall systems to precast panels and fire protection layouts. Contractors and specialty subcontractors are frequently expected not only to construct but also to assume responsibility for portions of design. While this model can enhance project efficiency and delivery, it introduces legal complexities…
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How Construction Companies Are Replacing CFO Turnover with Team-Based Financial Leadership
In today’s construction industry, uncertainty is a constant. Volatile material costs, protracted billing cycles and razor-thin margins place significant strain on management teams. For many mid-sized subcontractors and GC’s, an emerging challenge is a revolving door in financial leadership – high turnover in the CFO role is creating a dangerous blind spot. Research shows that…
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Henderson Companies Hires New Chief Financial Officer
Henderson Companies is proud to welcome Penny Spence as chief financial officer (CFO). A 27-year finance veteran, Spence will oversee financial operations including budgeting, compliance, forecasting, reporting, and financial planning and analysis strategies for Henderson Companies and subsidiaries Henderson Engineers and Henderson Building Solutions. Spence most recently served as executive vice president – chief financial…
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Hospitality America Taps the Talents of Paul Isaacson as Chief Financial Officer
As Hospitality America accelerates its growth and prepares for the opening of multiple new hotel developments, the appointment of Paul Isaacson as Chief Financial Officer marks a critical strategic investment in the company’s future. His arrival comes at a pivotal time, as the organization sharpens its focus on scalable financial systems, enhanced forecasting, and investment…
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Smart Financial Strategies for Fayetteville Home Investments
Looking to make smart financial moves with Fayetteville home investments? You’re in the right place to maximize returns and minimize risks in this thriving market. Navigating property investments can be tricky without expert guidance. That’s where Freedom Choice Investments steps in to help you succeed. Let’s explore strategies to build wealth through strategic home investments…
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Tapping Home Equity: Smart Financial Moves for Retirees
To retire with a completely paid-off mortgage is a major accomplishment financially. This clears off an expensive item monthly letting flow more cash for use while assuring calmness in finances. However, some retirees have limited savings since the home that holds substantial hidden wealth feels like it cannot be accessed because of unexpected expenses for…
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Tapping Home Equity: Smart Financial Moves for Retirees
To retire with a completely paid-off mortgage is a major accomplishment financially. This clears off an expensive item monthly letting flow more cash for use while assuring calmness in finances. However, some retirees have limited savings since the home that holds substantial hidden wealth feels like it cannot be accessed because of unexpected expenses for…
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How Subcontractors can Avoid Financial Distress
A combination of macroeconomic factors and a desire to drive top-line revenue continues to lead many subcontractors to underbid projects, sometimes unintentionally, ultimately contributing to financial distress. As more subcontractors succumb to the pressures of the environment, we may see a bubble form. Savvy general contractors are already taking steps to protect themselves from the…
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Garnica Appoints Sandra Porras as Chief Financial Officer
Garnica, a leading manufacturer of premium sustainable plywood, is pleased to announce the appointment of Sandra Porras as the new Chief Financial Officer (CFO), effective immediately. She will also serve as a member of the Steering Committee and report directly to Garnica CEO, Álvaro González. With over 20 years of experience in corporate finance, auditing,…