Focus Management Group

Real Estate Industry Experience

Construction Contractor

Company:

A $40MM construction contractor which provided interior construction, metal framing, dry wall, stucco and paint.

Situation:

The Company was in default of its loan covenants with its lender and was out of cash. The Company lacked effective work-in-process management and tracking, its contract files were is disarray and it lacked financial and operational controls and job costing standards.

Focus Scope:

At the request of the lender, Focus Management Group was asked to undertake a full examination of the business and implement the necessary measures for a complete financial and operational restructuring.

Tasks Performed:

  • Undertook a top-to-bottom restructuring
  • Determined the true status of WIP, implemented timely and accurate financial reporting tools
  • Created a rolling 13-week cash flow to accurately forecast future availability under the Company’s line of credit
  • Led the financial and operational activities and provided discipline and structure for this growing contractor

Results:

  • Focus Professionals re-created the Company’s work position, created standardized operating procedures, eliminated cash redundancies and managed cash flow.
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Articles

Agriculture’s Reaction to the Trade Discussions

The recent discussions surrounding tariffs on corn, soybeans, cotton, beef and pork are increasing turmoil in...

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Press

Focus Management Group Completes Its Role as Receiver for Campus Book Rentals

Chicago, IL, August 3, 2017 – Focus Management Group (FMG) was appointed receiver of Campus Book Rentals on...

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