Ascent Consulting, Inc.

We want to hear from YOU! ?? Please answer the poll & tell us which topic you want to hear Adam Cooper, Gregory Gorman, MBA & Jeff Robertson discuss more often in future episodes of Construction Hot Takes! Your answer will go a long way in helping making sure we stick to creating content that is valuable and helpful for you & your company ??

Who’s really responsible for managing risk in a construction company?! ?? ??Finance & Accounting teams tend to think it's up to Operations to sort out... ??? Meanwhile, Operations teams tend to point the the finger right back at Finance & Accounting. In reality, it's a shared responsibility — and if you ask our senior consultant Jeff Robertson, it's also one that too many construction companies simply overlook. When risk isn’t proactively managed across both sides, it can lead to: ? Cost overruns ? Project delays ? Long-term financial instability Jeff will be breaking this topic down further at the upcoming CFMA of Georgia chapter meeting, where he’ll discuss how Ops & Accounting teams need to align in order to mitigate & manage risk effectively. You can get EARLY ACCESS to book your seat here ?? https://hubs.ly/Q0394Bdb0 #ConstructionFinance #RiskManagement #OperationsVsAccounting #CFMA

Construction is a high-stakes industry. Every new project carries new potential risks for your company - and if they're not properly planned for ... they can literally make or break the job. ??? If you ask our ops wizard Jeff Robertson ... a big difference between success & failure in construction often comes down to how well risks are anticipated, managed, and mitigated. Some of the biggest risk factors in construction include: ?? Financial Risk ?? Contractual Risk ?? Operational Risk ?? Safety Risk ?? Risk to your Company's Reputation The construction companies that succeed don’t just react to these problems when they arise ... they put the right processes in place before issues escalate. So, when it comes to risk in construction ... mitigate ... BEFORE it's too late! ?? Check out our best tips on how to do protect your business here ?? https://lnkd.in/eggF3JA3

Private equity investments in construction are BOOMING. ?? With infrastructure & service-based industries in high demand right now, more & more PE firms are starting to jump into construction investments. The potential R.O.I. speaks for itself, with return rates currently averaging over 20% across the industry. ?? For PE firms looking to capitalize, successful construction investments should have 3 critical phases: 1?? Pre-Acquisition Due Diligence (the PLANNING phase) 2?? Post-Acquisition Assessment (the ACTION phase) 3?? Growth & Scale Strategies (the REFINEMENT phase) To get MAX R.O.I. in each phase of the cycle, check out our best tips from Adam Cooper, Gregory Gorman, MBA & Jeff Robertson! Get more info here ?? https://hubs.ly/Q035F5S90

Growth in your career rarely comes from staying comfortable — just ask our senior consultant Gregory Gorman, MBA. Greg used to hate public speaking. But over time, he realized that the only way to get better at something uncomfortable is to keep practicing it until it feels normal. That same lesson applies to all kinds of challenges in construction and business—whether it’s leading a team or company for the first time, making high-stakes decisions, or stepping up in a new role. The more you push yourself to practice, the more that imposter syndrome fades, and the more confident you become. ??? Our leadership team shared this insight (and a few hard-earned lessons from their careers) in last week's episode of Construction Hot Takes. If you missed it, you can check it out here ?? ?? https://hubs.ly/Q034xQz20 #ConstructionLeadership #ConstructionHotTakes #CareerGrowth

When it comes to succeeding in the construction industry, the lessons we learn along the way are just as important as the skills we develop. ??? So, for the latest episode of Construction Hot Takes, we wanted to do something a little different. Instead of technical topics or industry trends, Adam, Greg, and Jeff took a step back to reflect on the experiences and lessons that shaped their careers in construction. Because their backgrounds are so different, they each have their own unique skills, and are a huge part of leading projects with our clients. We’re proud to have a team that brings such a wide variety of experiences to the table! It’s those different perspectives (and the lessons learned along the way) that help us deliver real value to the clients we serve. ? You can listen to their full conversation & get all their tips & tricks here: https://hubs.ly/Q033LX--0

Our Construction Hot Takes podcast is back for 2025! ?????? To kick things off this year, Adam, Greg, and Jeff take a closer look at a topic shaping the future of the construction industry: Private Equity investments in construction companies. With more & more PE groups acquiring construction companies, we explore how business owners can capitalize on this growing opportunity. In Ep. 05, the guys discuss: ?? How private equity operates in construction. ?? What makes a construction company attractive for investment. ?? Steps you can take to prepare your business for growth—or a buyout. If you've thought about how your own company could benefit from an outside investment, or even if you're just curious to know more about how PE groups operate in construction ... we've got you covered. Check out our new episode here for all the answers! ?? https://hubs.ly/Q031wt010 As a friendly reminder - don't forget to subscribe for updates on more new episodes! You can subscribe on Apple, Spotify, and YouTube!

Construction Hot Takes is just starting to hit its stride! ?? ??? Launching a podcast has been such an exciting process so far for our team. Now after a few episodes, we’re finally starting to get the hang of things in front of the camera (at least we think so!) We’ve also been loving the chance to share our stories & industry insights with all of you! Our brand new Ep. 4 is also out now! This week, we're taking a look at best practices to maximize your ROI on construction tech & software. ?? Ascent’s Podcast Hub: https://hubs.ly/Q02-pvh70 ?? Apple Podcasts: https://hubs.ly/Q02-px5F0 ?? Spotify: https://hubs.ly/Q02-pNC_0 ?? Youtube: https://hubs.ly/Q02-pCcX0 Don’t miss an episode! Check us out and hit 'Subscribe' to stay tuned for more insights and strategies to help your business grow! ?? ??

Why do ‘percent complete’ & ‘earned revenue’ matter so much in construction accounting? Our spreadsheet guru Greg Gorman's short answer is … these two figures are the inputs for your WIP Statement to ultimately calculate whether you are Overbilled or Underbilled for a particular project. In our latest podcast episode, Greg dives into these topics & other best practices your construction company can start using today to improve your WIP (Work in Progress) reporting. The WIP combines field insights with accounting data to determine if you’re on track with both budget and timeline. Just hearing “we’re halfway done” isn’t enough. We need to know: Are 50% of costs already spent, and have we billed 50% of the contract? Tune in for step-by-step instructions on how you can use your WIP to manage progress with precision ?? https://hubs.ly/Q02-03KQ0

A Work in Progress (WIP) statement isn’t just a report ... it’s a financial health check for every project you’re managing. On our latest Construction Hot Takes - Deep Dive, our finance expert Greg Gorman dives into how WIP statements help you calculate ‘percent complete’ accurately. This way, you know exactly how much work is done, what’s left, and whether your billing aligns with project progress. When construction companies don’t fully leverage WIP statements, they risk missed billing, cash flow gaps, and confusion over project standing. Don’t let that be your company — learn the steps to making WIP statements a core part of your financial toolkit! Check out the new episode here: https://hubs.ly/Q02Zq-zy0