article thumbnail

Construction Benchmarks: Technology for Financial Health

Carol Hagen

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.

CFMA 129
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Last week I had the privilege of attending the annual leadership conference of the Construction Financial Management Association (CFMA). The teams were instructed to decorate the outside of their tipis with symbols representing the past, the present, and the future of the CFMA.

CFMA 120
article thumbnail

Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

However, standardizing the way software is used may correct this. 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.”