By: Bryan Porter
The recent momentum of the construction marketplace has provided contractors of every size and sector ample opportunity to capitalize on the continued economic recovery.
Best-in-class contractors have been able to select the best project opportunities to maximize their company’s operational efforts and reap the reward of financial return. Entrepreneurial contractors continue to see vast opportunities and may consider expanding their company’s geographic footprint or industry service offerings to further capitalize on the current market. While financial gain may entice operational growth, contractors should first consider how new strategies can impact company-wide exposure to risk.
In the October 19, 2017, E-Newsletter from Construction Executive Risk Management, Bryan Porter, a Director in the firm’s Audit, Accounting and Consulting Department, explores the world of risk assessment in geographic expansion for Construction businesses.
To read the rest of the article, please visit Assessing Risk When Expanding a Construction Company’s Geographic Footprint or Service Area on Construction Executive’s website.
BRYAN C. PORTER, CPA, MS, is a Director in the Audit, Accounting, and Consulting Department of Ellin & Tucker in Baltimore, MD, where he advises privately held businesses in various industries, including construction, manufacturing, wholesale distribution, and technology. Bryan is also a member of the firm’s Audit and Accounting Technical Standards Committee, which oversees programs designed to educate the company and its clients on current accounting and business topics. He may be reached at firstname.lastname@example.org