Discounted CFMA Financial Benchmarker Reports Available to the NASBP Membership

Through an arrangement with the Construction Financial Management Association (CFMA), NASBP is pleased to once again offer the NASBP membership a discount on the Construction Financial Benchmarker that provides immediate access to financial benchmarking reports and comparative charts and graphs. The Financial Benchmarker is CFMA’s interactive web-based tool that has more than 20 key financial measurements to help evaluate a construction client’s financial performance and compare it to others in specific industry segments, similar revenue categories, and by region. The Benchmarker is fueled by the data from the CFMA Construction Industry Annual Financial Survey Online Questionnaire.

As noted by CFMA’s National Chairman, Steve Tenney, CFO with Story Construction Company: “The value of comparing performance is essential to the underwriting process and evaluation of a company when establishing surety credit. While attending NASBP’s Annual Meeting & Expo last year, members seemed to embrace CFMA’s Benchmarker tool as a source to assist them with their evaluation. Companies should log into the Benchmarker and submit their financial information to make their own comparisons. The information can be used to reinforce the surety relationship and identify areas to improve as a company or highlight their own areas of excellent performance.”

Whether you are in the office, on the road, or at home, the Benchmarker offers surety professionals an amazing online tool to help compare a construction client’s financials with industry standards such as:

Receive more historical perspective for trending analysis, because the Financial Benchmarker also includes data going back to 2009. In addition, for the first time, non-financial data is available to all Financial Benchmarker users (access non-financial information under the INSIGHTS tab).

There is a wealth of information now housed within the site for all your benchmarking needs. Surety professionals who value this insight into how their construction clients compare with others will be pleased to learn that NASBP members, affiliates, and associates can purchase Benchmarker reports at a significant discount by using the coupon code NASBP to unlock their savings throughout 2014.

The discounted prices on the CFMA Financial Benchmarker are another added benefit of the valuable relationship between NASBP and CFMA. Please bear in mind that NASBP was able to arrange this discount off the CFMA nonmember price for those NASBP members, affiliates, and associates who are not CFMA members. Those NASBP members, affiliates, and associates who belong to CFMA should purchase their CFMA Financial Benchmarker reports as a CFMA member.

Client Financial Tool–Be a Benchmarker Believer

To get started on creating your customized financial benchmarking reports, click here. To learn more about the CFMA Benchmarker, access the tab titled “Product and Pricing Info” at www.financialbenchmarker.com. The Product and Pricing Info page provides free information about the Benchmarker reports, industry segments, financial ratios, and definitions, as well as a brief video. To download the NASBP promotional piece, click here. Direct questions about the CFMA Benchmarker to Fern Oram, CFMA Associate Director of Product Management, at 609-945-2494 or foram@cfma.org. Be a Benchmarker believer and visit www.financialbenchmarker.com!