Blogs

Be the first person to recommend this.
I attended my first Construction Financial Management Association Annual Conference in June of this year. It was an inspiring conference that illustrated the complex intersection of business, technology, and culture in construction companies. As an expert in advancing change in these areas, and as a relative newcomer to this industry, I wanted to share my perspectives on what I heard, learned, and observed during the event.  Talent, Talent, Talent! The break-out sessions I attended, regardless of topic, included commentary on the talent shortage in the industry. Financial executives of construction firms of all sizes are concerned about the ability to attract ...
0 comments
Be the first person to recommend this.
On Wednesday, June 21, we held a quarterly chapter meeting focused on labor-related topics. The meeting was well-attended, and attendees received three CPE hours listening to several educational presentations. We kicked off the meeting with brief committee updates, and then welcomed our first speaker, Lon Clemensen. Lon, Vice President of Workforce Development for the Sioux Falls Development Foundation, works with government, non-profits, business leaders, and multiple areas of the educational realm to promote workforce development in Sioux Falls. Following Lon’s presentation, Candy Hansen, President of Sioux Falls Thrive, spoke on the efforts of the Sioux ...
0 comments
Be the first person to recommend this.
QUESTION:  HOW DID JOY OFFEND GINA? ANSWER:        JOY UNDERGROUND MINING VIOLATED THE GENETIC INFORMATION NON-DISCRIMINATION ACT (“GINA”)! The Genetic Information Non-Discrimination Act of 2008 (“GINA”) makes it illegal to discriminate against employees or applicants based upon genetic information. GINA prohibits the use of genetic information in making employment decisions. It also restricts employers and others, such as employment agencies or labor unions from requesting, purchasing or requiring genetic information for employment purposes and strictly limits the disclosure of genetic information. The Departments of Health and Human Services, ...
0 comments
Be the first person to recommend this.
ANSWER:       BANK OF AMERICA’S IMPROPER FORECLOSURE PROCEEDINGS WERE “HEARTLESS” AND CAUSED BY “CORPORATE CULTURE.” Kafkaesque Loan Servicing?             “Franz Kafka lives. This automatic stay violation case reveals that he works at Bank of America.” So begins the opinion of Bankruptcy Judge Christopher M. Klein in Sundquist v. Bank of America (U.S.Bkty Ct., E.D. Cal. 3/23/17). The impossible path to loan modification….             Erik and Renee Sundquist decided to sell their house in 2008 and move with their twin children into a less expensive home in Lincoln, California. They wanted to reduce their living expenses. Mr. and Mrs. Sundquist ...
0 comments
Be the first person to recommend this.
We are a Specialty Contractor looking for a new accounting package with a great project management module.  We have been using Sage 300 since 2000 but are not impressed with the project management module. Looked at Plexxis software yesterday and was really impressed. Would like some feedback on Plexxis and any other software geared towards the Specialty contractor. Thanks in advance for your feedback. LeAnn Karsten Financial Manager
0 comments
Be the first person to recommend this.
Know what’s due and when. For over 10 years, zlien  has provided thousands of free resources that have helped  tens of thousands of construction companies  get paid through effective lien rights management. We’ve always done our best to make it easy for you to learn about and leverage your lien rights, but our latest product makes it easier than ever. We’re very happy to announce the Lien Deadline Calculator , a brand new, free tool that gives  anyone  the power to calculate lien & notice deadlines and requirements on any project nationwide.   Now everyone can avoid these three common mistakes: Missing a lien or notice deadline Failing ...
0 comments
Be the first person to recommend this.
QUESTION:    ISN'T THE GOVERNMENT'S FORM I-9 JUST MORE RED TAPE IN THE HIRING PROCESS?   ANSWER:        THAT GOVERNMENT RED TAPE FOR EMPLOYMENT ELIGIBILITY VERIFICATION COMES WITH STICKY PENALTIES FOR EVEN HONEST MISTAKES! Employers need to properly complete I-9 forms for required employment eligibility verification. Even if you never have any unauthorized workers in your workforce, your company may be fined big money for technical mistakes in your form I-9 record keeping. The ICEman Cometh…with Big Penalties!      I-9 form audits by Immigration and Customs Enforcement ("ICE") are increasing. Simple ...
0 comments
Be the first person to recommend this.
Borrowing Base Calculations for Construction Companies We recently came across an interesting thread on  CFMA’s Connection Cafe  about  “ Borrowing Base and Billed Retention .” Since so many construction businesses rely on commercially-sourced financing to fund their working capital cash requirements, we thought we’d explore the borrowing base topic a little further. Taking on new projects or jobs places a large cash burden on construction companies, particularly for subcontractors that are forced to “float” the project costs up front. Since the amount of cash needed will vary from day-to-day (based on the cash flow of the individual project, ...
0 comments
Be the first person to recommend this.
What does great leadership mean to you? At our March quarterly meeting held on March 15, we had the opportunity to participate in an interactive workshop, led by Dr. Danielle Crough, where we examined what great leadership looks like. The primary emphasis of the workshop was to examine leadership through the eyes of followers, as was demonstrated by the title of the meeting: "Want To Be A Better Leader? Think Like A Follower." Through the interactive workshop, we discussed the concepts with other attendees and reflected on how to apply those to current projects or leadership situations. We also discussed leadership myths, shared leadership books, and discussed ...
0 comments
Be the first person to recommend this.
Is Preliminary Notice Required in My State? Some states require that contractors and material suppliers send preliminary notice in order to preserve their ability to file a mechanics lien . Preliminary notices come in all shapes and sizes, and they have different names, including pre lien notice , notice to owner, notice to contractor, notice of furnishing , 20 day notice , and more . We provide more information about preliminary notices, including forms, frequently asked questions, and state-by-state requirement maps, on our preliminary notice homepage. A preliminary notice is different from a notice of intent to lien . ( Click here to ...
0 comments
Be the first person to recommend this.
Connection Cafe Want to build a better Foundation for Success? Join me at CFMAs 2017 Annual Conference & Exhibition in Phoenix. Dont miss your chance to register at the early bird rate! Visit www.cfma.org/conference fo
0 comments
Be the first person to recommend this.
From Albuquerque member Bobbi Hayes - BHayes@rpcllp.com The state personal property tax division in Santa Fe is interpreting the following clause as requiring that a construction contractor prorate every piece of equipment used by the time spent in any taxing jurisdiction in New Mexico for the 2017 personal property tax reports being filed, as opposed to a piece of equipments specific location on the measurement date (1/1/17). There were regulations that were modified during 2016 (see attached). So, if you had an excavator that was moved from county to county during the year, you are supposed to be tracking it to allocate the value. Anyone else run ...
0 comments
Be the first person to recommend this.
Is Preliminary Notice Required In My State? A List of Notice and Non-Notice States Some states require that contractors and material suppliers send preliminary notice in order to preserve their ability to file a mechanics lien . Preliminary notices come in all shapes and sizes, and they have different names, including pre lien notice , notice to owner, notice to contractor, notice of furnishing , 20 day notice , and more . We provide more information about preliminary notices, including forms, frequently asked questions, and state-by-state requirement maps, on our preliminary notice homepage. A preliminary notice is different from a notice ...
0 comments
Be the first person to recommend this.
The word February is derived from the Latin word Februarius, from the Latin februa meaning to Purify or to Explate (unfold). In ancient Rome, this was the month of purification, and people dedicated their time to living honorably, being virtuous. February was actually the last month of the year, and February 5th marked the first day of spring, a time of new beginnings. We make our New Years Resolutions on January 1st and by February 1st, many of us have not only fallen off the path we set, but have forgotten what our resolutions actually were. Some people have stopped making them altogether. For many ...
0 comments
Be the first person to recommend this.
If you've ever had malware on a computer, you've probably just called IT and they've cleared it off your PC. So did you find out how the malware happened to successfully infect your PC? Is it infecting other computers in your network? Cybersecurity should be handled differently than your typical support ticket. If you don't learn from each incident, you'll likely have more problems. In a recent article in Networld World, How to Practice Cybersecurity , the author Lior Div points out that " Practicing cybersecurity begins with security teams changing their mindset around how they handle threats. ...need to be encouraged to not quickly close ...
0 comments
Be the first person to recommend this.
Note : The is an 'oldie but goodie' blog post by zlien CEO Scott Wolfe originally published in May 2013. ---- Let me introduce myself: My name is Scott Wolfe, and Im an attorney . I have first hand knowledge about everything that is wrong with Americas legal system, but so do you. Thats because whats wrong with the law is all around you. Just look at recent news reports. The recent IRS scandal and scandal involving wire-tapping of the AP journalist is putting the problem under the spotlight. You may think these scandals are about politics or political perspective, but you would be wrong. The scandals are about law. Specifically its ...
0 comments
Be the first person to recommend this.
The Miller Act was passed to provide an opportunity for subcontractors and suppliers to recover for unpaid labor and material on federal projects, since mechanics liens cannot be filed against public property. For federal projects where the prime contract exceeds $100,000, the Act requires that general contractors provide performance bonds and a payment bond sufficient to cover the entire amount of the prime contract. In order to recover for nonpayment, protected parties must file a claim against the general contractor and surety under the payment bond. To establish an enforceable claim, a subcontractor must first show that payment is owed. After establishing ...
0 comments
Be the first person to recommend this.
On December 7, 2016, members of our Siouxland CFMA chapter gathered for our final meeting of the 2016 year. We had two great speakers presenting, and followed those presentations with our annual holiday social with networking, excellent hors d'oeuvres, and a few drinks. Our first speaker was Derek Martisus of Marsh & McLennan Agency. Derek came all the way from Burlington, VA to present to the group on small captives. A captive is very simply an insurance company owned by a non-insurance parent. Derek educated the group on the types of organizations and applications where a small group captive may be advantageous, particularly because of the 831(b) tax election. ...
0 comments
Be the first person to recommend this.
The construction industry has rebounded over the last few years and more growth is forecasted in 2017 . That is, so long as the construction workforce can supply enough labor to meet growing demands. Employment issues aside, the construction industry can confidently expect a boom to at least one sector: infrastructure. By electing Donald Trump , the country has committed itself to serious spending in this area. Surety Bonds on Public Projects Chief among the differences between public projects and private ones is the requirement of surety bonds on public projects. In order to protect public funds and the subcontractors and suppliers on public projects, ...
0 comments
Be the first person to recommend this.
Did you know that 91% of successful data breaches started with a spear-phishing attack ? "There is a phishing attack going on you need to know about. The campaign sends an email with the subject: "Assessment document" and the body of the email has a PDF attachment in it that claims that it is locked. The message reads: "PDF Secure File UNLOCK to Access File Content". If you click to unlock the document, a dialog box comes up that asks you to put in your email address and password. If an email like that makes it into your inbox, do not click on anything, and definitely do not enter your email address and password. Follow the ...
0 comments