Don’t Shoot the Messenger

Don’t Shoot the Messenger

DON’T SHOOT THE MESSENGER Subjects: finances, CFOs, accounting In our industry the accounting function is not given the status and significance it should have. In more than half of the construction failures I dealt with, the following scene played itself out over and...
The Flash Report

The Flash Report

The Flash Report  Last week I highlighted the critical day-to-day usefulness of liquidity ratios in alerting a CEO that he might be flirting with financial difficulty. Today I would like to back up and take a look at the bigger picture – the CFO’s critical role...
Liquidity

Liquidity

Liquidity If I learned anything from ten years operating the world’s largest workout firm for sureties engaged in construction bonding, it’s that liquidity (or the lack thereof) is the most important predictive metric on a construction company’s balance sheet....
The R-Score

The R-Score

The R-Score “Let’s Add Some Science To Our Business” Some years back my surety consulting firm tackled job after job completing failed construction projects for the bonding companies that were increasingly having to finish failed projects. As one assignment followed...