The Contractor’s Corner – Should we hire a CFO?
Abstract: A CFO may be a great addition to many construction companies for a variety of reasons. But taking on an employee of this stature is a big decision that warrants some careful consideration. You need to ask: Can your company can fit a CFO into its staff and be prepared to follow through on the initiatives he or she will be responsible for developing? What should the job description say, and how should the search be conducted? This may not be the ideal economic climate to add a major position to your payroll. But having a CFO can allow you to let someone else worry about — and improve — your financials, while you focus on winning and completing projects.