Introduction to CFMA Peer Group Program
The CFMA Peer Group program is for members seeking to improve their companies through information sharing and feedback with their fellow construction financial managers in non-competing regions and markets. Membership in a group is intended to be ongoing with the same set of peers meeting regularly to discuss issues, concerns, current trends, benchmarking, best practices and successes in a confidential setting.

In order to ensure consistency of experience, groups will follow a minimal prescribed structure based on direction from CFMA. Individual groups can customize their operations beyond this structure to meet the needs of their members.

Structure
Members: Up to 10 individuals from geographically diverse, non-competing companies.
In-Person Meetings: At least once per year (1.5 days).
Teleconferences: Once per month (may be less frequent at the groups' discretion).
Facilitation/Agenda: All group teleconference calls and in-person meetings are facilitated by BKD LLP. Teleconference calls are not recorded.
Administrative Support:  All groups will have CFMA-provided administrative support at their disposal (scheduling, conference calls, Doodle polls, agreement tracking, etc.)

Selection/Acceptance Into Peer Groups
The Peer Group program is open to CFMA General members only. Applications submitted by Associate members will not be considered.

Submitting an application does not guarantee placement into a Peer Group. The groups will be formed with a start date of April 1, 2019, to coincide with the membership year for billing purposes. Once your application has been received, you will be invoiced on or before March 1, 2019. All peer group fees must be paid by April 1, 2019.

The program year is defined as 4/1/19 through 3/31/20.  All Peer Group members must be a CFMA General member in good standing and must satisfy any outstanding charges payable to CFMA.

Fees
Once your application is received, you will be invoiced through your account on CFMA.org. The cost of the program is $700. The fee is not refundable. Peer Group participants are responsible for all costs related to in-person meetings (travel, hotel, meals, etc.). CFMA will cover facilitator-related expenses for one (1) in-person meeting per group. Please see our FAQ for details. CFMA reserves the right to increase the program fee at the beginning of each program year. Should your group request a second in-person meeting, the group must cover the additional cost of facilitation, which is $3,500 per group per meeting.

Collection and Sharing of Data
The data collected via this application will be used by CFMA staff and/or its contracted facilitator solely to aid in the establishment of effective Peer Groups, will be kept confidential, and will not be shared without the consent of the information provider. 

Questions? Please contact Mike Elek (melek@cfma.org or 609-945-2412) or Rebecca Riedesel (rriedesel@cfma.org or 609-945-2433).

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