Construct-ive Conversations

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. Explore the critical role of integrity in construction accounting in this insightful episode. Discover how ethical practices impact stakeholder relationships, learn strategies for maintaining transparency, and understand the long-term consequences of integrity failures. Gain practical guidance on building trust through accountability, ethical financial policies, and proper mistake management—essential knowledge for construction professionals seeking sustainable success in the industry.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. This episode explores the delicate balance between capability and cost in construction equipment investments. We examine key strategies for maintaining a balanced equipment portfolio, conducting utilization analysis, evaluating lease versus buy options, and developing effective replacement strategies. Learn how Certified Construction Industry Financial Professionals can guide these crucial decisions to enhance operational efficiency while maintaining fiscal responsibility. Discover practical approaches to align your equipment investments with both immediate project needs and long-term business goals.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

In this episode of Construct-ive Conversations, host Eddie Thompson from Brown Edwards welcomes Tina McPhail, Executive Vice President and CFO of Pray Construction. Together, they dive into the limitations of the traditional "low bid" model for public construction projects in West Virginia and explore alternative delivery methods that could provide better value and results. Tina shares her passion for implementing legislative changes to allow design-build approaches already used in surrounding states, highlighting how these collaborative methods can lead to better outcomes, reduced change orders, and more efficient project delivery. Drawing from real examples, this conversation offers valuable insights into the future of construction procurement in West Virginia.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. In this episode, we explore how a lack of accountability acts as a "silent profit killer and examine how accountability impacts every level of operations, from project execution to financial performance.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

In this episode of Construct-ive Conversations, host Eddie Thompson sits down with Will Clark, a tax director and succession planning expert from the firm's Kingsport, Tennessee office. They discuss the critical aspects of business succession planning, including different exit strategies, tax implications, and the importance of early planning. The conversation offers practical guidance for construction business owners at any stage of their succession planning journey.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. In this episode, we explore the critical importance of robust reporting systems and financial controls in the construction industry. Discover how proper financial infrastructure can protect your projects and profits, with detailed insights into monthly gain/fade analysis, WIP schedules, and job costing systems. We spotlight the 'segregation of duties' as a key concept in preventing fraud and ensuring accurate financial reporting. Whether you're a seasoned professional or new to construction finance, this episode provides essential knowledge for strengthening your company's financial foundation.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

In this special episode of Construct-ive Conversations, host Eddie Thompson welcomes three accomplished women in construction to celebrate National Women in Construction Week. Guests include Blair Williamson, owner of SL Williamson Company, a third-generation asphalt pavement and road construction company; Betty Howard, owner of Bruce Howard Contracting, specializing in commercial services and excavation; and Carla Brown, Director and CCIFP at Brown Edwards with 19 years of construction industry experience.

The panel discusses their unique journeys in the construction industry, from Blair's transition from architecture to running her family's paving business, to Betty's bold move from finance to founding her own construction company, and Carla's role in supporting contractors through financial challenges. They share insights about overcoming industry challenges, the evolution of opportunities for women in construction, and the importance of mentorship and networking through organizations like NAWIC (National Association of Women in Construction). The conversation highlights how the industry has transformed over the decades, with increasing acceptance and opportunities for women at all levels, while emphasizing the importance of competence, authenticity, and mutual support in achieving success.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

In this episode of Constructive Conversations, host Eddie Thompson sits down with AI and construction technology expert Nate Fuller, founder of Placer Solutions. With 15 years of experience in civil engineering and construction management, including helping create Bechtel's Office of Innovation, Nate shares valuable insights on how artificial intelligence is transforming the construction industry.

The conversation explores practical applications of AI in construction, from toolbox talks to project management, and addresses common concerns about job displacement. Nate explains why AI should be viewed as an augmentation rather than a replacement, drawing parallels to how Excel transformed accounting and CAD revolutionized engineering. The discussion also covers the three types of construction companies in terms of AI adoption, and provides guidance for businesses looking to embrace these technological changes.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. In the second episode, we dive deep into the critical yet often overlooked aspect of construction business management: succession planning. Whether you're running a family-owned construction company or managing a larger enterprise, this episode reveals how proper leadership transition planning can protect your business's future. Learn essential strategies for identifying future leaders, structuring buy-sell agreements, and developing comprehensive estate plans. Our experts discuss how Certified Construction Industry Financial Professionals (CCIFPs) can guide you through business valuations and create robust financial models for seamless transitions. Don't miss this vital conversation about securing your company's legacy and ensuring its continued success through generations of leadership. Part of our ten-part series exploring common construction accounting pitfalls, this episode delivers practical insights for construction business owners and finance professionals looking to build a lasting foundation for their company's future.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Join host Eddie Thompson of Brown Edwards and Company CPAs as he sits down with Bryan Hoylman, CEO and President of ABC Appalachia. In this episode of Constructive Conversations, they discuss the recent expansion and rebranding of ABC West Virginia to ABC Appalachia, current legislative priorities, workforce development challenges, and the bright future of construction in the Appalachian region. From mega projects to energy development, get an insider's perspective on the state of the construction industry.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.