Ascent Consulting
We help GCs & trade contractors fix operations, implement Procore/ERP, and scale profitably. 100% construction-focused. š (404) 566-5855 We help you discover whatās been limiting your business and design and implement breakthrough solutions.
03/18/2025
Risk in construction isnāt just an āOps problemā or a āFinance problemā ⦠itās a company-wide issue. šØ
But even still - we commonly see confusion between construction Field Ops & Finance teams about who should be responsible for construction risk management.
When thereās confusion about whoās managing the risk, it can also add fuel to the disconnect between Ops & Finance ā two teams that our VP Jeff Robertson believes can already clash far too often.
Thatās why Jeff will be breaking down this topic at CFMA of Georgiaās March Chapter Meeting this Thursday!
He'll be sharing his thoughts on bridging the divide between constructions Ops & Finance teams to promote a more effective & proactive risk management strategy for your construction company. ā
Jeff will also be hosting a live Q&A, so if youāve got hot takes or questions of your own, this is the time to bring them! š„
03/04/2025
Whoās really responsible for managing risk in a construction company?! š¤
š°Finance & Accounting teams tend to think it's up to Operations to sort out...
š ļø Meanwhile, Operations teams tend to point the the finger right back at Finance & Accounting.
In reality, it's a shared responsibility ā and if you ask our senior consultant Jeff Robertson, it's also one that too many construction companies simply overlook.
When risk isnāt proactively managed across both sides, it can lead to:
ā Cost overruns
ā Project delays
ā Long-term financial instability
Jeff will be breaking this topic down further at the upcoming Georgia CFMA chapter meeting, where heāll discuss how Ops & Accounting teams need to align in order to mitigate & manage risk effectively.
You can get EARLY ACCESS to book your seat here ā”ļø https://hubs.ly/Q0394BG90
Why do āpercent completeā & āearned revenueā matter so much in construction accounting?
Our spreadsheet guru Greg Gorman's short answer is ⦠these two figures are the inputs for your WIP Statement to ultimately calculate whether you are Overbilled or Underbilled for a particular project.
In our latest podcast episode, Greg dives into these topics & other best practices your construction company can start using today to improve your WIP (Work in Progress) reporting.
The WIP combines field insights with accounting data to determine if youāre on track with both budget and timeline. Just hearing āweāre halfway doneā isnāt enough.
We need to know: Are 50% of costs already spent, and have we billed 50% of the contract?
Tune in for step-by-step instructions on how you can use your WIP to manage progress with precision š
https://hubs.ly/Q02Z_KYg0
11/26/2024
A Work in Progress (WIP) statement isnāt just a report ... itās a financial health check for every project youāre managing.
On our latest Construction Hot Takes - Deep Dive, our finance expert Greg Gorman dives into how WIP statements help you calculate āpercent completeā accurately.
This way, you know exactly how much work is done, whatās left, and whether your billing aligns with project progress.
When construction companies donāt fully leverage WIP statements, they risk missed billing, cash flow gaps, and confusion over project standing.
Donāt let that be your company ā learn the steps to making WIP statements a core part of your financial toolkit!
Check out the new episode here:
https://hubs.ly/Q02Zq-H70
Click here to claim your Sponsored Listing.
Category
Contact the business
Telephone
Address
400 Interstate N Pkwy #500
Atlanta, GA
30309
Opening Hours
| Monday | 8am - 5pm |
| Tuesday | 8am - 5pm |
| Wednesday | 8am - 5pm |
| Thursday | 8am - 5pm |
| Friday | 8am - 5pm |