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If you missed our September quarterly meeting on September 19, here is a brief overview: We began with a brief business meeting that included announcing 3 new members of the chapter, bringing our membership to 67. We also took a moment to recognize Dan Doyle on his 5-year anniversary with CFMA. Dan was not able to join us at the meeting, but we thank him for his ongoing service for CFMA! We also made note that CFMA's 12 Plus Program is underway, which allows new members joining now to pay dues for just 12 months and receive membership through March 31, 2020. Finally, we did an overview of CFMA's peer group program, which is a newer offering available through ...
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WHEN SOMEONE DENIES THEY INTENDED TO SIGN AN ELECTRONIC DOCUMENT, IT CAN BE DIFFICULT TO ENFORCE AN ELECTRONIC AGREEMENT. The problem in determining whether there is a valid electronic signature is similar to the age-old problem of proving that someone’s signature is genuine when that party denies that he or she signed the document. With the written signature, you would need handwriting experts to prove the authenticity. When someone denies that they intended to sign an electronic document, proving the intent and authenticity can be even more challenging. No, really! I didn’t mean it! Thomas Fair, an attorney, founded three companies that owned ...
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Another Succesful CFMA Miami-Dade Chapter meeting on CFO Roundtable: Employee Benefits and Retention Strategies, the process of preparing the WIP schedule - How CFOs can impact Job profitability and Ciber Security on September 13th, 2018 by our Speaker's Yvette Aubin, Maria Guthrie and Luciano Lo Giudice. Thank you for
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A special thank you to all those who recently volunteered their time and energy to help pack lunches for Lunch is Served, Inc. An enjoyable time was had, and we recently received this letter of appreciation from the organization:  Thank_You_-_Lunch_is_Served.pdf
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Our Siouxland Chapter was recently recognized as a recipient of one of the 2018 Founder's Recognition Awards.  These awards are given based on the value provided by the chapter back to its members. We ranked 5th out of 19 chapters in our size category! Thank you to all the members who give of their time and energy to make our Siouxland Chapter successful! Check out the award certificate here:  2018_Founders_Award_-_Siouxland.pdf
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BRAYN Consulting, LLC is excited to be a sponsor at the 16th Annual CFMA Louisiana Construction Conference. You are cordially invited to join BRAYN Consulting for a welcome reception on August 8th.  Our Drinks & Bites event will be held from 6:00 pm to 8:00 pm at Lucy's Retired Surfers Bar, across the street from the Renaissance Arts Hotel.  Kick off the conference in a fun and relaxed environment networking with other CFMA members! Please email jason@braynconsulting.com to RSVP. We look forward to seeing everyone at the event. Thanks, Jason P Villere, CTP BRAYN Consulting LLC Director, Management Consulting Cell: (225) 337-0053 jason@braynconsulting.com ...
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Has anyone had any experience with adding a WACC( a % charge to account for the cost of working capital) fee to jobs that are underbilled?  Obviously, the goal would be to encourage more promptly billing of jobs.  The drive for this goal would be the charge going back to the job. Currently, there is no penalty for this type of behavior.
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TO 1099 OR NOT TO 1099

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QUESTION:    CAN WE STILL COLLECT THE DEBT AFTER WE FILE A CANCELLATION OF DEBT NOTICE WITH THE INTERNAL REVENUE SERVICE? ANSWER:         YOU NEED TO CAREFULLY COMMUNICATE TO THE DEBTOR THAT YOU INTEND TO COLLECT THE DEBT EVEN THOUGH YOU FILED FORM 1099-C WITH THE IRS. Can I “1099” the bum to make him pay? Creditors sometimes threaten to file 1099 forms if debtors don’t pay. What they mean is that they will file Form 1099-C with the Internal Revenue Service (“IRS”) indicating that the debtors should pay income tax on the unpaid indebtedness. Threatening to turn someone into the IRS in order to make them pay your debt could be viewed as ...
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ANSWER:        INADVERTENTLY OMITTING THE LETTER “T” FROM THE DEBTOR’S MIDDLE NAME INVALIDATED THE UCC-1 FINANCING STATEMENT! What’s in a name?   Ronald Markt Nay bought two Terex Dump Wagons with loans from LEAF Capital Funding, LLC (“LEAF”). One loan was for $41,000 and the other loan was for $36,950. LEAF filed UCC-1 financing statements with the Indiana Secretary of State’s Office to perfect its liens against the two dump wagons. Each of the UCC-1 financing statements stated the Debtor’s name as “Ronald Mark Nay.” The debtor’s name listed on his unexpired Indiana driver’s license was “Ronald Markt Nay.” Mr. Nay and his wife, filed a chapter ...
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Greetings, After having a long winter, we can now confidently say that summer is here – and construction season is in full swing! Fast approaching is our June quarterly meeting and Industry Builder Golf Tournament which is next Wednesday June 20 th . You still have time to register if you are interested in coming to the educational meeting or participating in the golf tournament. It is a great opportunity for networking and a chance to get out of the office and enjoy some sunshine, the current forecast for Wednesday is 84 degrees and partly cloudy! See links below for more information. As most are aware, unemployment remains low, and finding skilled trade ...
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If you missed, you were in the minority! Our March quarterly meeting was extremely well attended, with many members and guests in attendance. We were pleased to have two excellent presentations and enjoyed a networking lunch following the meeting. Our first presentation of the morning was on the Tax Cuts and Jobs Act of 2017 with representatives from ELO Prof, LLC presenting. Pam Olinger, Matt Buenzow, and Megan Oeltjenbruns provided an overview of the act, including the changes for individuals, estates/gifts, and businesses. The slides of their presentation are available in the Library page of our website. After a break with drinks and cookies, we had the ...
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​ In today’s business environment, every business faces unprecedented levels of complexity and uncertainty. Rather than changing this reality, the Tax Cuts and Jobs Act (TCJA) contributes to it. As a result, businesses that aren’t analyzing the secondary effects on their operations and competition will be caught off guard. Many are unaware of the multidimensional complexity of tax reform. Evaluating the economic effect of the changes to your business in a vacuum won’t be enough to maintain competitive advantage. Instead, management must go beyond measuring the effect on its bottom line to understand the effect on its business strategy and that of competitors. ...
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ANSWER:        ABC NEWS BACKED AWAY FROM THE TABLE AND WAVED A WHITE NAPKIN WHEN IT SETTLED THE $5.7 BILLION DOLLAR “PINK SLIME” AGRICULTURAL DISPARAGEMENT CASE! What’s the beef? Beef Products, Inc., was the world’s largest producer of lean boneless beef until Disney’s ABC News attacked its product calling it “Pink Slime.” The series of reports by ABC News in March 2012 cost Beef Products 80% of its business. It had to close three of its four plants and cut more than 700 jobs. Beef Products claimed it lost $1.2 billion dollars in profits. The South Dakota Agricultural Food Product Disparagement Act allows those damages to be trebled. S.D. CODIFIED ...
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Greetings, Hope this finds everyone starting to think spring and summer! We get a little taste of spring; then are reminded that winter is not over yet. We’ve started to schedule some of our upcoming summer events. Following our June quarterly meeting, our Industry Builder Golf Tournament is set for June 20th with a shot gun start at 12:30. Our next quarterly meeting is fast approaching on March 21 st.   We have some excellent speakers that will cover the recently passed Tax Cuts and Jobs Act and also an Economic Update. If you haven’t already signed up, please do so as soon as possible. Also, on April 26 th we are offering an educational seminar – ...
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Did you see that high-tech features on new cars are driving up auto insurance rates? Check out the article below! What are your thoughts? Click Here for Articl
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Job Cost Software

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We are beginning a search for construction software that is strong in job cost accounting, GL, payroll,  and document management.  Any suggestions?
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If you missed our CFMA December Quarterly Meeting & Holiday Social, here is a brief update.  After a brief business meeting, Tom Becker and Theresa Hall from South Dakota State University spoke briefly about the state of their construction management department, and thanked the chapter for our contribution to numerous scholarships at SDSU over the past number of years. We then welcomed Linda Halliburton, Director of Graduate Business and Executive Education Programs at the University of South Dakota, to speak briefly on "Professional Development as an Engagement Strategy". Check out the slides from her presentation in our resource library ( link ). Next, ...
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Season Greetings,   Our next quarterly meeting is fast approaching on Wednesday, December 6th.   If you have not already signed up, please do so as soon as possible.   As 2017 comes to an end and we wrap up another great year we also look forward to 2018. We have had many great programs, good representation at the Heartland Conference, some awesome job site tours, prepared lunches for Lunch is Served and had a successful golf tournament to raise money to help build our future work force.  All this is made possible through the support and contributions of our members.  Thank you very much!!   I would encourage you to become involved in one of ...
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ANSWER:        SOMETIMES THE BREAD DOESN’T MEASURE UP, BUT THE COURT SAID NO ONE WAS “SHORTED!” Photo courtesy of USA TODAY Who started this food fight? Most people just eat their Subway Footlong sandwiches. In January 2013, a teenager in Australia measured his Subway Footlong sandwich before eating it. It was only 11 inches long!   In re: Subway Footlong Sandwich Marketing and Sales Practice Litigation , (7 th   Cir., 8/25/17). Apparently ignoring the admonition of every parent to not play with your food, he photographed the sandwich next to a tape measure and posted the picture on his Facebook page. The image went viral and the condiment-laden ...
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Congratulations to our Siouxland CFMA chapter! We were recognized by CFMA National with the 2017 Chairman's Excellence Award for the value that we provide our members. Thanks to our board members and our committee members for all they do to return great value to our membership! 2017_Chairmans_Excellence_Award_-_Siouxland.pdf
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