On Thursday, September 5th, 2024, the Tower Club in Tyson’s Corner, VA, hosted a highly anticipated SD Capital event, bringing together a diverse group of professionals from the real estate and construction industries.
Tom Springer, SD Capital Managing Partner, facilitated the event, and notable speakers included me, Ted Pettko, a leading expert construction advisor; Doug Wheeler, a seasoned risk management professional; and Philip Croessmann, an experienced construction lawyer.
The attendees, whose roles ranged from real estate developers to general and specialty contractors, gathered to discuss pressing topics in the industry.
Technology Integration
The event started with a focus on integrating technology in construction. The speakers highlighted how technological advancements revolutionize construction, provide competitive advantages, improve efficiency and reduce costs. They emphasized the importance of staying updated with the latest technological trends to remain competitive in the market and having a technology strategy is required.
Risk Management
Risk management, particularly in the subcontractor space, was another critical topic of discussion. The speakers shared insights on identifying and mitigating risks associated with subcontractors. They discussed strategies for ensuring subcontractors meet quality standards and deadlines, minimizing potential project delays and cost overruns. Roundtable participants shared the importance of thorough vetting processes, and maintaining strong communication channels with subcontractors was underscored.
Tax Credits and Incentives
The event also delved into the realm of tax incentives and credits available to the construction industry. The speakers provided valuable information on how companies can leverage these incentives to reduce their tax liabilities and increase profitability. They discussed various credits, including those for energy-efficient buildings and renewable energy projects. Research and development credits were noted to be largely valuable in construction, but frequently overlooked. Attendees were encouraged to explore these opportunities to maximize their financial benefits.
Conclusion
Overall, the SD Capital event at the Tower Club was a resounding success, providing attendees with valuable insights and practical strategies to navigate the complexities of the construction industry. The engaging discussions and networking opportunities left participants feeling informed and inspired to implement the knowledge gained in their respective fields. The event underscored the importance of continuous learning and adaptation in an ever-evolving industry, Schneider Downs’ commitment to developing relationships and providing Big Thinking and Personal Focus.
About Schneider Downs Construction Services
Led by a diverse group of shareholders and managers, Schneider Downs provides strategic and practical solutions for our construction clients in all facets of their business. Our dedicated team of more than 350 professionals have a wide background of tax, accounting, technological and business experience in the region, specifically in Pittsburgh and Columbus.
To learn more, visit our Construction Industry Group page.
About SD Capital
SD Capital is a premier, full-service, value advisory and investment banking practice that assists middle-market companies in creating and maximizing business value. We provide strategic evaluation and execution of various downstream sales and monetization pathways. With decades of combined executive experience running,
owning and advising private companies our team is uniquely positioned to guide owners through the complex process of growing and selling their companies.
Learn more at www.sdcapital.com or contact the team directly at [email protected].
Schneider Downs Capital LLC is a subsidiary of Schneider Downs & Co., Inc.
