Welcome to the latest issue of CFMA Building Profits! As we look ahead, one thing is clear: construction leaders are being asked to do more with less, move faster, and make smarter decisions than ever before.
From labor market fluctuations and rising compensation demands to rapid advancements in technology and finance, it’s never been more critical for contractors, CFOs, and project managers to make strategic moves grounded in clarity and confidence. Add volatile market conditions — like tariffs affecting material prices and supply chains — and you’ve got a high-stakes environment filled with uncertainty.
Whether you’re in the C-suite or on the jobsite, CFMA Building Profits is designed to help you navigate these challenges and protect your margins for the long haul.
Innovation & Trends for Leaders
Let’s start with the big picture: smart decisions come from solid data.
Within this issue, you’ll find out why clean, connected information is not just helpful — it’s essential for accurate forecasting, sharper budgeting, and staying agile. That data-driven mindset ties directly to the financial trends shaping 2025. CFMA offers a number of ways to enhance your knowledge including our ever-popular certificate programs. In July, we’ll be launching the next in our portfolio with the Enterprise Budgeting and Strategic Planning Certificate Program.
From tracking emerging trends to a fresh take on AI, this issue explores how innovation is transforming construction finance — and how leaders can embrace it without getting buried in complexity. We also take a thoughtful look at how today’s construction CFOs are stepping into more strategic, cross-functional roles. Our vision is to be impactful to the success and growth of construction financial professionals.
Our programming, education, and content support the goal of construction financial professionals gaining recognition for their impact on the success and growth of the construction industry. Attracting and retaining talent in the field and in the back office remains the single most critical issue facing the construction industry today.
This issue also digs into the workforce side of the business: hiring, paying, and retaining the right people. You’ll find a realistic snapshot of what it takes to stay competitive in today’s labor market, while also exploring how HR shortfalls may be holding back strategic operations.
Enhancing Your Tech & Operations
Technology adoption is another key theme this year. You’ll get an honest look at the software vetting process — because not every new platform lives up to the promise.
Finally, two powerful levers for operational improvement are highlighted: custom payment systems and material procurement strategies. This issue breaks down these complex but increasingly relevant tools that can improve your cash flow and client satisfaction.
We are also embarking on a partnership that will provide additional insight to construction financial professionals who are making critical decisions on technology. Providing independent, unbiased insight and the ability to provide insights into technology selection in a no pressure environment is the ultimate goal of this partnership’s software roundtables.
So, whether you’re evaluating your next tech investment, revisiting compensation strategies, or simply trying to keep margins intact, this issue is packed with insights to help you lead with confidence — and build smarter in uncertain times.
Copyright © 2025 by the Construction Financial Management Association (CFMA). All rights reserved. This article first appeared in May/June 2025 CFMA Building Profits magazine.