Be Prepared: DOL Adds Disclosure Requirements That Impact Most 401k Plans in 2012
By John J. Higgins & Kelly A. Kurtz
As 2012 progresses, new regulations that fall under the Employee Retirement Income Security Act of 1974 (ERISA) will be implemented. Specifically, new disclosure requirements will be included under the following sections.

Reducing Risk for Businesses with Medium-Size Fleets
By Connie Albright
In a typical fleet, 20% of the drivers will be involved in some type of loss in any given year. Whether the damage is a cracked windshield or a totaled vehicle, what initially seems like low-cost claims management may not actually be low cost. Continue reading.

Commentary: H.R. 3534 Would Assure Integrity of Individual Surety Bonds
From NASBP Smartbriefs
Passage of H.R. 3534 is critical to fix problems where individual surety bonds have been pledged with insufficient or worthless assets, leaving federal contracting agencies and subcontractors and suppliers without valid bond guarantees. Read more.

FMI: Second Quarter Construction Outlook Report Released
FMI has released its Construction Outlook 2nd Quarter 2012 Report.

McGraw-Hill: June Construction Retreats 1%
New construction starts in June slipped 1% to a seasonally adjusted annual rate of $446.1 billion, according to McGraw-Hill Construction. June featured a moderate loss of momentum for nonresidential building, after this sector’s improved performance in May. Read more.

AIA: Architecture Billings Index Steady at 45.9 in June
Architecture firms reported that the downward slide in billings that began this spring has continued into June. The national Architecture Billings Index (ABI) score was 45.9 for the month, not straying far from the 45.8 rating reported for May. Read more.

Upcoming CFMA KnowledgeNOW Webinars

August 8: Davis Bacon Ins and Outs: Prevailing Wage Compliance Overview
presented by Sam Melamed, ABC Insurance Trust.

September 12: Leading in a Volatile, Uncertain, Complex, Ambiguous (VUCA) World
presented by Mark “Rusty” Sherwood, FMI Corporation.

In order to receive CPE credit, all attendees must be pre-registered before the start of the webinar. To register a group, download our Group Attendance form (pdf). Do you have a topic for a future CFMA webinar or want to sponsor an upcoming session? Contact Ariel Sanchirico at 609-945-2433 for details.

What members are saying:

“The webinars are one of the great benefits of being a member of CFMA.”
Darryl Shupe, CFO, BRB Contractors, Topeka, KS

“This was the first Webinar I attended from CFMA. I found it very practical and convenient.”
Michael Sardo, Controller, W.L. Gary Co., Inc., Washington, DC

“Subject manner is relevant, subject knowledge is always first class and the format is very convenient.”
William Mee, Controller, Palmer and Sicard, Inc., Exeter, NH


Did You Miss a Session at CFMA’s 2012 Conference?

With Free Access, full conference attendees can view and listen to fully synchronized PowerPoint and audio presentations of all approved sessions. To get started, click here and log in with your CFMA username and password. (Not a full conference attendee? CFMA members can purchase all approved sessions for $199, login required.)

Conference Session Evaluations & CPE Credits
You can fill out your conference session evaluations and obtain your CPE credits at www.prolibraries.com/cfma.


CFMA Chicago Chapter Golf OutingAugust 30, Ruffled Feathers, Lemont, IL. Dinner afterward. For more information contact Kathy Tinker at 815-806-4908 or kathy@managementservices.org.

16th Annual AGC/CFMA Construction Financial Management ConferenceOctober 24-26, Caesars Palace, Las Vegas, NV.

Other Industry Events
2012 CMAA National Conference & Trade Show October 21-23, Sheraton Chicago, Chicago, IL.

32nd IRMI Construction Risk Conference November 11-15, Orlando Gaylord Palms Resort & Convention Center, Orlando, FL.

24th Annual AICPA National Construction Industry Conference December 6-7, Venetian/Palazzo, Las Vegas, NV.

IT Survey Questionnaire Open Until August 10
CFMA’s 2012 Information Technology Survey for the Construction Industry/In Partnership with Associated Builders & Contractors, Inc. (ABC) is underway! Be a part of the Information Technology survey that benchmarks the industry! Click here to launch the 2012 IT Survey Questionnaire. Contact Fern Oram at 609-945-2494 for more information.


Updated Revision of “The Book” Available
Electronic editions also available
Release 24 of CFMA’s Financial Management and Accounting for the Construction Industry (“The Book”) is available. Order online or contact Fern Oram at 609-945-2494 for more information.

Look for your next CFMA Update on September 11.

CFMA Update: A Monthly E-Newsletter for CFMA Members
Click here if you received a forwarded copy and wish to join CFMA.

You can also view past newsletters here.

About the Headline Banner
Click here for details about our banner this month.

BP Online
The July/August issue of CFMA Building Profits is now live on BP Online.

Connection Café
Ask questions and get insightful answers from your colleagues.

Recent topics include:
Captive Insurance Program

Methods for Overhead Allocation

Time Card Apps

To modify your Connection Café notification settings, click here for instructions.

CFMA’s Affinity Partner Programs
Comdata

Consensus DOCS

Corporate Diversity Solutions

Enterprise Fleet Management

PartnerShip


CFMA Members on the Move
Send your personnel moves and promotion announcements to bmeinders@cfma.org.

Industry Press Briefs
Send your industry news and press releases to
bmeinders@cfma.org.

CCIFP Credential
Exam Locations

Qualifying Continuing Education

Eligibility Requirements

CFMA
100 Village Blvd.
Suite 200
Princeton, NJ 08540

888-421-9996
or 609-452-8000
F: 609-452-0474
www.cfma.org