Profitable Project | Profitable Business: Building Your Financial Skills in Construction

by Fmi Corporation, Cynthia Cechini Paul, Ken S. Roper

The construction industry is fraught with good companies getting into financial trouble. Oddly enough, this happens more in times of economic expansion than in recessions and is just one of the unique aspects of a contractors’ economic model.

Profitable Project Profitable Business outlines the core financial management insights needed to build your financial understanding and confidence to thrive in any economy. With humor and decades of acquired wisdom, its authors demonstrate how to build the financial strength of the company today while “peeking around the corner” to prevent the potential pitfalls of tomorrow.

This book is written for construction professionals looking to up their financial skills and understanding. Whether their specific market focus is residential, commercial or industrial, construction contractors, engineering and architectural firms alike will discover the tools needed to financially understand their projects and how their projects impact their companies’ overall health.

277 pages, Paperback

Published March 11, 2022

Reviews

[Chris DeCleene · Rating 3 out of 5]

This book does exactly what it sets out to do, and does it very well. It can’t help that its subject matter happens to be very boring…

[Cain Menard · Rating 5 out of 5]

Doc Fails, the founder of FMI, astutely observed that "contractors do three things: get work, do work, and keep score." The book, written in an engaging, conversational style, expertly guides readers through the complexities of managing a construction business's finances and economics. The authors demonstrate a remarkable ability to simplify intricate concepts into understandable language, fostering both enlightenment and a sense of responsibility in the reader. It thoroughly covers the spectrum of project accounting and productivity, offering insights at both the granular project level and the broader organizational perspective. This book impressively achieves in approximately 300 pages what years of expensive higher education often strive to convey, making it a valuable resource for all professionals in the construction industry.