Building Industry Magazine - March 2014 - (Page 44)

Inside the CFMA Honolulu Chapter ® Helping You Build a Better Bottom Line Corporate financial officers, bankers, insurers and accountants make up the Construction Financial Management Association, an organization designed to offer sources and resources to meet the challenges of construction financial professionals. Its Honolulu Chapter, founded in 1986, is comprised of about 60 members. President's Message According to Dr. Jack Suyderhoud, professor of business economics at UH-Manoa and economic advisor to First Hawaiian Bank, construction in Hawaii is expected to grow by 15 percent in 2014. Realistically 2014 may not yield the same 30 percentplus growth that we saw in the equities market in 2013, but the bottom line is that 15 percent is the shot in the arm that we all need. And while the 2013 figures aren't finalized, construction growth was forecasted at 10 percent over 2012. So that's two good years of steady growth for our industry. The consensus, not consistently across the board, is that business is getting better and that backlogs are building up. I hope you reaped the benefits in 2013 and are ready for an even better 2014. - Neill Char "CFMA has helped our firm effectively serve its clientele in the construction industry." Carleton L. Williams, CW Associates, CPAs Coming Up LOCAL EVENT: * CFMA Installation Banquet, Oahu Country Club NATIONAL EVENTS: * CFMA'S 2014 Annual Conference & Exhibition, "Strengthen Your Bottom Line," June 7 to 11, Caesars Palace, Las Vegas. * 18th Annual AGC/CFMA Construction Financial Management Conference, Nov. 5 to 7, Caesars Palace, Las Vegas. Mission Statement * Unite individuals having financial responsibility in the construction industry. * Provide a forum through which the Association's members can meet to exchange ideas. * Develop and coordinate education programs dedicated to the purpose of improving the professional standards of construction financial managers. * Enhance the role and promote the image of the construction financial manager. * Make a positive contribution to the community in which we live and work. 2013-2015 CFMA, Honolulu Chapter Board of Directors President: Neill Char, First Hawaiian Bank Treasurer: Michele Kaneshiro, Carrier Hawaii Secretary: Thalia Choy, Thurston Pacific, Inc. Directors: Brad Char, RedHammer LLC Raymond Nii, Grace Pacific Corp. Nick Tan, Atlas Insurance Agency Frank Wirt, Aon Risk Services James Wong, Delta Construction Craig Yamasaki, PKF Pacific Hawaii LLP CFMA Board of Directors, from left: Neill Char, Wes Mikuni, Craig Yamasaki, Thalia Choy, Raymond Nii, Michele Kaneshiro, Brad Char, James Wong and Frank Wirt (not pictured: Nick Tan) 44 | BUILDING INDUSTRY | MARCH 2014

Table of Contents for the Digital Edition of Building Industry Magazine - March 2014

FINANCE, BONDING & INSURANCE
HEALTH AND SAFETY—PART ONE
KEEPING THE GUAM PORT AFLOAT
INSIDE THE CFMA
NEWS BEAT - DHHL Breaks Ground on Big Island
- HLPA Announces New Board
- King’s Village Set for Redevelopment
- Puunene Breaks Ground
- Forecast 2014 Offers Real Estate Outlook
- ABC Hawaii Installs Board
DEPARTMENTS - Editor’s Corner
- Spotlight on Success: Turtle Bay Resort Guestroom and Spa Renovations
- Concept to Completion: Hale Makana O Nanakuli
- Contracts Awarded
- Low Bids
- Best Practices
- Newsmakers
- New Products

Building Industry Magazine - March 2014