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The Construction Financial Management Association (CFMA) is the voice of financial management in the construction industry and the only non-profit organization dedicated to serving the construction financial professional. Established in 1981, CFMA has more than 7,600 members and 94 chapters in major cities across the U.S. and Canada. It is the communications leader and premier source of education and information about those aspects of financial management unique to the construction industry.

CFMA meets the needs of a broad spectrum of financial managers: CFO's, treasurers, controllers, and accountants. CFMA's General Membership represents all types of contractors, including generals and subcontractors, developers, construction managers, architects, engineers, principals, and material and equipment suppliers.

CFMA's Associate Membership is open to those serving the construction industry such as lawyers, public accountants, bankers, sureties, insurance agents and carriers, material and equipment suppliers and other service providers.

 

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Chapter Discussions

  • Andy, While we are not a construction company, our leave time policy is on a PTO basis. Our policies are as follows to answer your questions: PTO time is available immediately upon hiring. We matched PTO time with our old vacation/sick ...

  • ​We are doing some comparative analysis to see how other construction companies in the SouthCentral area handle PTO time and Holiday pay for hourly employees.  Specifically the following: 1.) How long do hourly employees have to wait before earning ...

  • Hi Daniel, I don't have much experience with GMPs, but I have worked with the exemption for existing contracts before 4/1/16 (RS 47:305.11).  If the contract was entered into before 4/1/16 there's an application for the exemption.  I'm not sure how the ...

  • With the sales tax changes in 2016, does anyone know if there's a way to treat a contract with a GMP (guaranteed maximum price) the same as a lump-sum contract, to avoid the additional 1% sales tax on contracts entered into before 4/1/16?  Does anyone ...