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Search results for: “financial risk shifting”

  • Ultimate Guide To Being A Successful Credit Manager

    Every day, credit professionals are challenged to handle sensitive financial situations for businesses. They are trusted to analyze complex situations and to make an educated judgment about how to financially interact with other companies. This is a big job.  It can make drastic impacts on a company; that is, drastically good, or drastically bad. If you are…

  • Take Control of Cash Flow With This CFMA Webinar

    Revenue is vanity. Profit is sanity.  And what is king? That’s right.  Cash is king. And over the next two weeks, the Construction Financial Management Association (CFMA) is putting on the a robust and useful 2-part Cash Management Webinar for construction financial managers (CFMs).  If you are a construction finance professional, I highly recommend attending this webinar.…

  • Obama’s SupplierPay Fails The Construction Industry

    President Obama, along with 26 enterprises, this week announced the creation of SupplierPay, a “partnership with the private sector that will strengthen America’s small businesses by increasing their working capital.”  See: White House Blog, SupplierPay and QuickPay. The SupplierPay program is a step in the right direction to bridge the working capital divide between the…

  • General Contractor Asking You To Not Send Preliminary Notice? Is That Legal?

    At the Construction Financial Management Association’s Annual Conference in Las Vegas, we encountered a very large general contracting outfit who has a lot of financial risk shifting procedures in place.  They employ strict subcontractor prequalification requirements and dictate the contract terms to insulate their company from financial risk. While pushing more and more financial risk off…

  • Read This Before Expanding Your Business in 2014

    In our 2013 year-end review article (Financial Risk, Credit Management, and Lien Law in 2013), we highlighted economic indicators and commentary that 2014 will be the year of the rebound.  In preparation for the rebounding economy, it appears that business growth and expansion is a hot topic in the industry these days. CFMA’s Connection Café…