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Bimonthly Newsletter of Chicago CFMA

October 2017 
I hope those of you who were able to attend the Midwest Regional Conference came away with new tools in your toolbox  We added one more chapter and one more state, bringing 150 participants together from Iowa, Wisconsin, Michigan and Illinois to provide technical tips, insight into industry trends, leadership skills and exhibitors with the resources available to solve our business challenges along with networking and a little fun and prizes.  I know I had lots of "ONE MOREs" this year.  A huge thank you goes out to this year's conference co-chairs, Bill Reidinger and Chris VanTassel and Deb Hypke for their leadership and agility to adapt to last minute changes.  I would also like to thank our subject matter experts who so graciously give their time to help us be successful, the exhibitors who keep us forward looking with their solutions along with their financial support that helps subsidize the cost, the committee members who volunteer their time to make the event a success and of course, to our HQ CEO Stuart Binstock for taking time out of his schedule to join us and provide insight to what's happening nationally. 

Looking ahead, we will continue to offer many opportunities for both education and networking.  There is still time to join us this week for a breakfast program, Wellness in the Workplace.  Join us to learn how the health status of your employees can reduce costs; translating to a healthier bottom line for your company.  This is a great program to invite your human resource representatives to attend.  In November we will close out our education program for the year with an Economic & Market Update for 2018.

The holidays are around the corner, and the perfect time for a networking, social event.  I invite you all to join us on December 7th for our Annual Holiday Social.  This year's event will take place at Raised Urban Blue, a rooftop venue at the Renaissance Hotel in Chicago.  The Holiday Social is one of our premier networking events. 

One of CFMA's most valuable member benefits, CFMA Building Profits, provides construction financial professionals with in-depth articles and practical takeaways by industry experts on topics ranging from construction accounting to tax to risk management to technology.  CFMA members can access CFMA Building Profits at any time, from anywhere through CFMA BP Online. Not a member? Check out a recent issue to see what you're missing!

Speaking of what you are missing.  Did you know CFMA is running a 12+ campaign for new members?  Join now and your membership will be good through March 2019!  Current members, this is your opportunity to share CFMA with one of your colleagues.  Each newsletter this year, I have talked about the importance of doing/joining/giving/attending "one more."  Consider inviting one person to join CFMA.  Share the benefits of membership!

As the board prepares for the strategic planning in November or the Program committee begins planning for 2018 sessions, I encourage you to look for ONE MORE thing you would like to see our chapter do for you, our members, and reach out to myself, a committee member or the board.  Better yet, take that idea and see how you can volunteer to help make it happen.  Happy Fall!

Mary Davolt 
Chapter President
In This Issue
Thank You 2017 Platinum Sponsors

CliftonLarsonAllen Logo



New Members

Nicholas Jones
Summit Design + Build LLC

Nicholas Smith
LTS Managed  
Technical Services

Jonathan Reeves

Eileen Moran
Moran Electrical Contracting

Michael Ricks 
Anson Industries

Stephen Michaels
Rory Carlson

Superior Construction
Raymond Jess  Enterprise Fleet Mgmt. 

Scott Moote 
G.A. Johnson & Son
 Lynette Mantey
  Air Comfort
Tina Hentgen 
Traffic Control & Protection Inc.


Congratulations to CFMA Chicago Chapter Board President
Mary Davolt on her new position as the Vice President Finance for Pernix Group! 
Featured Platinum Sponsor 
Critical Considerations for Complex Insurance Programs
By: Michael Griffin & Jon Zeiler  
As contractors seek ways to control costs and increase profit margins, they are more frequently looking to complex insurance programs.  Although contractors that adopt such programs assume more risk, they also stand to reap a greater reward if projects proceed as planned.

But, as the name indicates, these programs bring numerous considerations that generally do not arise with traditional insurance coverage. Contractors must understand all of the implications - including the significantly different accounting required and impact on financial statements - before
they enter into such programs.    
Read the complete article here.
This article was featured in the May/June 2017 issue of CFMA Building Profits

JOIN US TOMORROW! Wellness in the workplace is healthy for your bottom line!  Our guest speaker, Alli Szott , a Wellness Advocate on Assurance's Risk Management Team, will discuss the latest employment wellness trends and the impact it can have on the overall financial health of your company and employees.

There is still time to register! 
Wednesday, October 18th
7:30 a.m. Check-in & Breakfast
8:00 a.m. Program
Maggiano's Oak Brook.

Join us for a breakfast program featuring an economic update for 2018. 

What attendees can expect:
  • Outlook for the US economy, markets and interest rates for 2018.
  • Deep dive into the outlook and the impact on commercial construction in the Midwest
  • Attendees will hear from experts on how the economic growth in the US will be impacted by the Fed, inflation and potentially fiscal policy.
Guest Speakers:
Joel C. Seiboldt, Managing Director, Private Wealth Management, CIBC
William T. Norris, Managing Director, Chief Investment Officer and head of Asset Management for Private Wealth, CIBC

Doubletree Hotel, Oak Brook, IL
7:30 a.m. Check-in & Breakfast
8:00 a.m. Program
2018 "Build Chicago" Awards  Nominations

The next Build Chicago luncheon may be more than seven months away, but it is never too early to consider making a nomination.   If you recognize a General Contractor or member who you believe exemplifies the objectives of CFMA and excels as an industry leader, send your nomination to
More Information and Registration Coming Soon!
2017 Midwest Regional Conference 
Thank you to the participating chapters: Chicago, Fox Valley, Madison, Milwaukee, Quad Cities, SW Michigan & Western Michigan. More than 150 attendees, exhibitors and speakers participated in the 4th Annual Midwest Regional Conference in Oak Brook.  Click here to view the complete photo gallery.
Now is the time to introduce your colleagues to the benefits of CFMA.