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Newly released data in the “Construction Financial Benchmarker” survey shows a positive shift in industry growth trends for 2014.
Published by the Construction Financial Management Association (CFMA), the survey is compiled based on the responses of more than 600 respondents including general contractors, subcontractors, construction managers and other active industry participants.
Highlighting areas such as anticipated growth segments and top challenges facing construction companies over the next five years, the survey reveals information about what the industry can expect for 2014 and beyond.
Wondering what all this information means for your business’ future or how you compare to the overall trends of the marketplace? Your CPA can help you understand these latest movements and trends in the industry, as well as help you implement benchmarking to establish a baseline for comparing your business with competitors and your own past performance. To drive value within your business and uncover opportunities for improvement and growth, contact our dedicated Construction CPAs in Michigan, Houston or Ft. Lauderdale for more information on our benchmarking services.
Source: Statistics based on results from the Construction Financial Management Association (CFMA) Construction Industry Annual Financial Survey, published through CFMA’s Financial Benchmarker (www.financialbenchmarker.com). This information should not be construed as the advice or opinion of CFMA.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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