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Don't Crash Your Construction Business: Use FP&A to Navigate
Manage episode 509288553 series 3314227
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βΉ ABOUT THIS EPISODE
Most contractors are flying blind, relying on gut feel and looking backward at old numbers. Wade and Stephen dive into Financial Planning & Analysis (FP&A) - your business headlights that help you see the road ahead instead of crashing.
Learn how to build forward-looking dashboards that track cash flow, crew capacity, equipment utilization, and pipeline health. Discover why construction businesses need different metrics than other industries and how FP&A can strengthen your bonding program.
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βοΈ Key moments in this episode:
- 00:32 What is FP&A?
- 00:50 The Importance of Financial Dashboards
- 01:45 Real-Time Data and Predictive Analysis
- 02:18 Traditional vs. Modern Dashboards
- 03:03 Holistic Business Operations
- 04:04 The Role of Cash Flow and HR
- 06:00 Sales, Marketing, and Business Development
- 08:51 Operations and Equipment Utilization
- 10:48 IT Systems and Automation
- 12:16 Procurement and Supply Chain Management
- 13:04 Unique Challenges in Construction
- 16:27 Key Takeaways and Conclusion
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
236 episodes
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