Overview
The Marcum Construction Summit, is dedicated to updating construction contractors, finance and accounting professionals on the economic state of the construction industry. This complimentary event is expected to draw over 150 construction contractors and other service providers from Long Island and New York.
BACK BY POPULAR DEMAND!
Anirban Basu, Chief Economist, Marcum LLP, ABC & CFMA
What to Expect?
Agenda
Check-In - Lunch - Networking
Opening Remarks
Paul DiTredici, Ira Kantor, Marcum New York Construction Industry Co-Leaders
State of Construction on Long Island
Marc Herbst, Executive Director of the Long Island Contractors Association (LICA)
Keynote: The Good, The Bad, & The Ugly
Anirban Basu, Chief Construction Economist, Marcum LLP
Has the Federal Reserve successfully engineered a soft landing? Or, is the confluence of geopolitical conflict, a presidential election, rising consumer debt levels, and still high interest rates conspiring to produce economic downturn in 2024? It is difficult to know whether 2024 will be a good year – but one thing is clear – it will be a very interesting one. This presentation will supply in-depth analysis of major factors shaping economic outcomes, including interest rates, global conflict, wage dynamics, business confidence, and demographics. It will then turn toward a forecast for the coming year, highlighting the major risks that economic stakeholders will likely encounter.
Coffee Break
Exploring the Impact of Generative AI in Construction
Peter Scavuzzo, Chief Executive Officer, Marcum Technology | Chief Information & Digital Officer, Marcum LLP
Embark on an enlightening journey into the transformative world of Generative AI, with a spotlight on its profound impact across construction, business, and more. Our session is designed as a dynamic, interactive exploration that promises to ignite a new wave of creativity and innovation. Witness the remarkable fusion of cutting-edge AI technology with the mastery of traditional craftsmanship. You’ll leave not just inspired, but also equipped with a robust action plan to harness the full potential of AI in forging the future.
Networking and Cocktail Reception
Speakers
Keynote Speaker
Anirban Basu
Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm headquartered in Baltimore, Maryland with an office in Orlando, Florida. The firm provides strategic analytical services to energy suppliers, law firms, medical systems, government agencies, and real estate developers among others.
Anirban Basu
Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm headquartered in Baltimore, Maryland with an office in Orlando, Florida. The firm provides strategic analytical services to energy suppliers, law firms, medical systems, government agencies, and real estate developers among others.
In 2014, Maryland Governor Larry Hogan appointed him Chair of the Maryland Economic Development Commission (2014-2021). He serves as Chairman of the Baltimore County Economic Advisory Committee. He is also the Chief Economist to Associated Builders and Contractors, the Chief Economist of the Maryland Bankers Association, and Chief Economic Advisor to the Construction Financial Management Association. He serves or has served similar functions for Visit Baltimore, Maryland Realtors, and Marcum, LLP.
He has lectured at Johns Hopkins University, most recently in Global Strategy, and has also taught international economics, urban economics, micro- and macroeconomics at Hopkins. His radio show can be heard weekdays on 88.1FM, WYPR, Baltimore.
In both 2007 and 2016, the Daily Record newspaper selected Mr. Basu as one of Maryland’s 50 most influential people. The Baltimore Business Journal named him one of the region’s 20 most powerful business leaders in 2010.
Dr. Basu has been on many boards over time, including First Mariner Bank, the Baltimore City Public School System, Port Discovery, the Baltimore School for the Arts, and Union Memorial Hospital. He is currently on the boards of the University of Maryland School of Law, St. Mary’s College, the University of Maryland Medical Center, the University System of Maryland Foundation, the Center for Emerging Media, the Lyric Opera House and the Archdiocese of Baltimore School System.
Dr. Basu earned his B.S. in Foreign Service at Georgetown University. He earned his Master’s in Public Policy from Harvard University’s John F. Kennedy School of Government, and his Master’s in Economics from the University of Maryland, College Park. His Juris Doctor was earned at the University of Maryland School of Law. His doctoral work was completed at UMBC with a concentration in health economics.
Speakers
Paul DiTredici
Paul DiTredici is a partner in Marcum’s Assurance Services group and co-leader of its New York Construction Service group. He provides assurance and consulting services to various types of clientele in the construction and real estate industries, working closely with general contractors, construction managers, and a wide range of subcontractors. In addition, Paul provides tax planning and compliance services. His proficiency goes further than traditional areas of accounting as he is strategic planner and trusted business advisor for his clients.
Paul DiTredici
Paul DiTredici is a partner in Marcum’s Assurance Services group and co-leader of its New York Construction Service group. He provides assurance and consulting services to various types of clientele in the construction and real estate industries, working closely with general contractors, construction managers, and a wide range of subcontractors. In addition, Paul provides tax planning and compliance services. His proficiency goes further than traditional areas of accounting as he is strategic planner and trusted business advisor for his clients.
With more than 20 years of public and private accounting experience, Paul has authored many articles that have been published in various professional publications. In addition, he participates in community and fundraising efforts. He serves on the board of directors as assistant treasurer of the Long Island Chapter of the Risk Management Association and is an active tribute committee member and supporter of Cooley’s Anemia Foundation, among many other organizations.
Marc Herbst
Marc Herbst has served as Executive Director of the Long Island Contractors’ Association (LICA), the premier regional trade association of the heavy construction industry since 2006, where he manages services and programming, labor, and safety training for more than 170-member firms and acts as the voice for the industry’s public and government advocacy. Under Mr. Herbst’s tenure, LICA has become a critical driver of the Long Island economy, responsible for thousands of construction jobs within the bi-county region. He serves concurrently as the New York Roadway and Infrastructure Coalition (NYRIC) president. In addition, Herbst is a Past Chairman of the Council of State Executives for the American Road and Transportation Builders Association (ARTBA), a board member of the Town of Islip’s MacArthur Airport’s Advisory Board, and a director of the Midway Crossing Local Development Corporation (CDC).
Ira Kantor
Ira M. Kantor is partner-in-charge of the Accounting Services division in the Firm’s Melville, New York office and a leader in the national Construction Services Group. He advises clients with financial statement preparation, tax compliance, tax planning, budgeting and forecasting, and business consulting.
Ira Kantor
Ira M. Kantor is partner-in-charge of the Accounting Services division in the Firm’s Melville, New York office and a leader in the national Construction Services Group. He advises clients with financial statement preparation, tax compliance, tax planning, budgeting and forecasting, and business consulting.
Ira is proficient in Statements on Standards for Accounting and Review Services (SSARS) and helps develop curriculum for the national Accounting and Business Services Department on an annual basis.
He has extensive experience serving clients in a variety of industries, with a niche working with closely-held businesses in the construction industry. He frequently speaks and is asked to write articles for industry organizations on topics related to accounting and auditing matters in the construction industry.
He is active in the construction business community, with leadership positions at the Construction Financial Management Association, Contractors for Kids, Real Estate Institute at Stony Brook University, and at the Institute of Management Accountants, among other community endeavors.
Peter Scavuzzo
Peter Scavuzzo is the CEO of Marcum Technology as well as a partner and chief information & digital officer of Marcum LLP, one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland. Marcum is part of the Marcum Group, an organization providing a comprehensive array of professional services.
Peter Scavuzzo
Peter Scavuzzo is the CEO of Marcum Technology as well as a partner and chief information & digital officer of Marcum, one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland. Marcum is part of the Marcum Group, an organization providing a comprehensive array of professional services.
Peter is responsible for creating and executing the strategic technology roadmap across all Marcum Group companies. His current strategic charter focuses on five major points: Innovation, Digital Transformation, Customer Experience, Data Analytics/Insights, and Risk Aversion. During his tenure at Marcum, he has played a key role in the Firm’s expansion from two to more than 30 offices, and has successfully integrated more than 40 M&A transactions.
As an executive leader reporting directly to the chairman and CEO, Peter provides direction in all strategic technology initiatives. He is the Firm leader in digital transformation and is a strong advocate of leveraging technology to ensure that the Firm maintains long-term viability and competitiveness in a rapidly accelerating technology landscape. The initiatives he is promoting are focused on digitally modernizing traditional processes and leveraging technology to drive efficiency and maximize staff productivity.
He is a member of the Firm’s Executive Committee and actively workshops with leaders on technology trends, the Firm’s innovative strategies, and how they will impact core business deliverables.
Peter earned his Bachelor of Science in Computer Engineering and Master of Science in Telecommunication Networks from Polytechnic University, which is now known as the NYU Tandon School of Engineering.
Sponsors
Panel Sponsor
Coverages Unlimited Inc.
Coverages Unlimited Inc. is a full-service Bonding & Insurance Agency specializing in construction trades for over 25 years. Our competent and friendly staff have more than 50 years of combined experience along with a wide range of qualifications. Our agency offers the highest level of service for EVERYONE…from the handy man to the well-established names you know and see building our communities.
We understand how troublesome it can be to get lost in the shuffle with some of the bigger agencies. At Coverages Unlimited Inc. everyone knows your name, we are always ready to help and we are here to stay. Relationships are our priority.
We offer many solutions to help your business and can tailor a package for all your company’s needs whether it be bonding, insurance, or a combination of both. We are committed to providing products and services that will positively impact your business. Our goal is to help our contractors grow and be very competitive.
Our office is centrally located in Hauppauge, giving our clients easy access to us.
Gold Sponsors
Appficiency
Founded in 2014, Appficiency is an Oracle NetSuite Alliance Partner and a team of more than 150 NetSuite experts around the world. Appficiency’s Construction Solution, based on the Oracle NetSuite ERP, is designed to help construction organizations leverage modern technology to improve operations, gain access to valuable data, and drive better business decisions.
AvidXchange
CMiC
As an industry pioneer, CMiC delivers complete and unified ERP and FIELD software solutions for construction and capital projects firms. CMiC’s powerful software transforms how firms optimize productivity, minimize risk and drive growth by planning and managing all financials, projects, resources, and content assets—from a Single Database Platform™. With customers throughout North America and overseas, CMiC serves one-quarter of ENR’s Top 400 Contractors and hundreds of small and mid-sized construction firms, from general and specialty contractors to heavy/highway and project owners. Over $100 billion in construction revenue is handled by CMiC annually.
Exodus HR Group
Exodus HR Group provides customized HR/Payroll/Benefit Administration/Safety programs for small to medium sized businesses, allowing our clients to focus on what they love doing most! Instead of spending hours sorting through time cards, HR issues, reconciling benefit payments, etc. you should focus on why you got into business in the first place. A unique offering Exodus HR provides in the Construction space is a robust safety program focusing on OSHA compliance, helping you keep your crews safe! This often results in reduced workers comp and liability costs, helping your bottom line. Exodus HR Group…your path to business freedom.
Oracle NetSuite
For 25 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 37,000 customers in 219 countries.
Viewpoint
Trimble Viewpoint construction software solutions, part of Trimble Connected Construction, allow contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins. With more than 40 percent of the ENR 400 on our platforms, Trimble Viewpoint innovations are transforming the construction industry by connecting operations across financial and HR systems, project management tools and mobile field solutions.
Silver Sponsors
Acumatica
Acumatica Cloud ERP is a comprehensive business management solution that was born in the cloud and built for more connected, collaborative ways of working. Designed explicitly to enable small and mid-market companies to thrive in today’s digital economy, Acumatica’s flexible solution, customer-friendly business practices, and industry-specific functionality help growing businesses adapt to fast-moving markets and take control of their future.
ConnectOne Bank
Founded in 2005 by an entrepreneur, ConnectOne Bank is a high-performing commercial bank with nearing $10 Billion in assets. The bank offers a full suite of products and services to consumers and small to middle-market businesses, through its people first mission. Since completing its successful IPO in 2013 [NASDAQ:CNOB], ConnectOne has continued to expand. Through high-tech tools and services, ConnectOne Bank is able to extend its reach beyond the New York metro market, supporting clients as they move into new markets, such as South Florida.
Leech Tishman
Leech Tishman is a national, full-service law firm dedicated to assisting businesses, institutions, and individuals. We have over 115 attorneys nationwide, with offices in Chicago, Los Angeles, New York, Philadelphia, Pittsburgh, Sarasota, Washington, D.C., and Wilmington, DE.
Leech Tishman offers legal services in business restructuring & insolvency, corporate matters, intellectual property, labor & employment, litigation & alternative dispute resolution, real estate, and trusts & estates. In addition, the firm offers a wide range of legal services to clients in the aviation & aerospace, cannabis, emerging cyber technologies, energy & natural resources, entertainment & sports, healthcare, hospitality, and life sciences industries.
Video Sponsor
Suited
We exist to grow our client’s companies through annual strategy & planning, scheduled execution, and a laser focus on what you need vs. a diluted mix of activities that just take time and money.
With a strong web design and development core, proven results in organic search (SEO), a nationwide network of video production capability, and a whole host of revenue-driving capabilities, Suited truly has you covered.
It’s time to save you time and get you back to work closing deals and growing your business.
You can finally stop chasing multiple service providers or expecting that in-house hire to deliver everything, and get back to running your business while one team delivers results.
Podium Sponsor
Pioneer Landscaping & Asphalt Paving Inc.
Since 1982, Pioneer Landscaping & Asphalt Paving Inc. has strived to be the company of choice for design, construction, and maintenance of all blacktop pavement areas, including parking lots, roadways, pathways, playgrounds, tennis courts, and running tracks. We are an industry leader dedicated to quality, safety, continual improvement, environmental stewardship, innovation, and customer satisfaction. We are equipped to handle both small and large projects. Some of our services include athletic surfaces, commercial construction maintenance, multi-family housing, parking lots, paths & trail ways, roadways & highways, drainage & site-work. We are committed to providing our customers with the highest quality services at affordable rates. If you are having problems with potholes, drainage, asphalt repairs & cracking, sinking or upheaval, call us. Pioneer is one of the leading asphalt companies in the area.
WIFI Sponsor
Philadelphia Insurance Companies
Philadelphia Insurance Companies (PHLY) is a premier national Property/Casualty and Professional Liability insurance carrier that designs, markets and underwrites commercial products and services. Headquartered just outside of Philadelphia and with more than 2,000 employees strategically located across the U.S., we consistently provide value-added coverages and services to customers. Our commitment to unsurpassed customer service, industry-leading financial strength, and talented employees help set us apart from other companies. PHLY is also a proud a member of the Tokio Marine Group, one of the largest global insurance groups in the world and a top 20 P/C carrier in the U.S.
PHLY rolled out their surety product in 2011 becoming one of the largest and strongest rated surety companies in the country with an A++ (Superior) rating by A.M. Best. PHLY offers a wide range of products and services to meet the surety needs of individuals and businesses. Our nationwide Express programs are designed to offer quick and affordable coverage to individuals and small business owners, while our account programs are built to service the complex and evolving bond portfolios of large entities. PHLY provides financially sound solutions for commercial and contract risks of all types.
Lunch Sponsor
Imperial Advisory
Imperial Advisory, an award winning CFO advisory firm. Imperial’s CFOs have an average of over 30 years of experience. They pick up where the accounting or bookkeeping department leaves off and empower you and your team to make more informed big picture decisions.
In addition to being the day-to-day CFO, they are also brought in to support existing full time CFOs, to provide M&A advice, Financial Planning and Analysis (FP&A) advisory or outsourcing, and assist in the decision-making process across many aspects of organizations.
Imperial Advisory has been ranked the Best Business Consultant by the Long Island Business News for the past 3 years.
Cocktail Sponsors
Bank United
BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc., is one of the largest independent depository institutions, providing a broad range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. BankUnited operates convenient banking centers in New York, as well as Florida and Dallas, Texas, along with 24-hour digital access.
Champion Elevator
Champion Elevator Corp. is an independently owned, full-service elevator maintenance, repair, violation removal, commercial & residential elevator installation and testing company. All services are provided throughout New York City’s five boroughs, Westchester, Nassau & Suffolk Counties, Connecticut, New Jersey and we continue to expand.
We offer our customers a hand-selected and carefully screened group of highly dedicated and talented elevator professionals to work with. I am extremely proud to be part of such a great team! The strategic pre-planning of our business model combined with pro-active daily operations have made Champion the elevator source for many building-related professionals. The referrals we frequently receive from our clients are confirmation of our successful efforts to provide superior products and service.
Zuma Payroll & Processing
Zuma Payroll for Contractors specializes in providing services and technology that streamlines Payroll, Union/Job Cost Reports, and Certified Payroll Reports.
Contractors often share with us a common aggravation in this industry: The lack of a dedicated account manager who speaks or understands the language necessary to process contractor payroll and union reporting.
The amount and type of frustrations we hear are consistent. Contractors rarely feel confident handling their company’s data and feel they lack the expertise to produce accurate job costing or union remittance reports. We regularly hear from them that they didn’t think it was even possible to have custom integrations built for accounting and ERP software. They never knew they could ever produce federal, state & local certified payroll reports in both paper and electronic formats.
Because we hear these complaints regularly, we always welcome a conversation to see if we can help.
Reception Sponsor
Hanover Community Bank
Hanover Community Bank is a commercial community bank focusing on highly personalized and efficient services and products responsive to client needs. Management, the Board of Directors and the Hanover team are comprised of a select group of talented individuals committed to the success of the Bank by knowing and understanding the metro-New York area’s financial needs and opportunities. Backed by state-of-the-art technology, Hanover offers a full range of financial services. Hanover employs a complete suite of consumer, commercial, and municipal banking products, and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. Hanover also offers its customers access to 24-hour ATM service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and internet banking for our consumer and business customers, safe deposit boxes and much more. The Company’s corporate administrative office is in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Hauppauge, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York and Freehold, New Jersey.
Coffee Break Sponsors
American Global
American Global is a privately held insurance and surety brokerage firm specializing in all aspects of construction risk management. We support contractors, owners, and developers throughout the entire scope of their project and across every milestone of their business, protecting against the risks and exposures specific to the construction industry. American Global has multiple offices across the United States, as well as in England and Italy, to serve clients throughout the US, Latin America, the United Kingdom, and Europe.
Dime Community Bank
Headquartered in Hauppauge, New York, Dime Community Bank (“Dime”), has over $12.3 Billion in assets and operates 59 convenient locations from Montauk to Manhattan. Dime is committed to providing exceptional service, the latest in technology and an experienced, dedicated team to help customers achieve their financial goals. The Bank offers a full range of products and services for businesses and consumers. Title insurance services are offered through Dime’s wholly owned subsidiary, Dime Abstract. Dime Financial Services Inc., a wholly owned subsidiary of Dime, offers financial planning and investment consultation. Dime also has a rich tradition of involvement in the community by supporting programs and initiatives that promote local business, the environment, education, healthcare, social services and the arts.
Farrell Fritz
Farrell Fritz is a full-service regional law firm with approximately 80 attorneys in five offices, dedicated to serving closely-held/privately-owned/family owned businesses, high net worth individuals and families, and nonprofit organizations.
Farrell Fritz attorneys take prominent, active roles in scores of business, legal and philanthropic organizations; numerous are recognized regionally or nationally as leaders in their fields. The firm is well known for its pro bono work, board involvement, volunteer service and substantial financial support of local community organizations.
The firm’s attorneys have built a reputation for their responsiveness, practical advice, high quality legal services and thought leadership. Farrell Fritz handles legal matters in the areas of bankruptcy and restructuring; business divorce; commercial litigation; construction; corporate and finance; emerging companies and venture capital; employment law; environmental law; estate litigation; healthcare; land use and zoning; New York State Regulatory and Government Relations; not-for-profit law; real estate; tax planning and controversy; tax certiorari, and trusts and estates.
Kaufman Dolowich
Kaufman Dolowich is a leading national law firm headquartered on Long Island, NY. Our top-notch construction law attorneys are well known to developers, general contractors, construction managers, trade contractors, design professionals, subcontractors, material suppliers, engineers, architects, property owners and surety companies. Additionally, we serve a broad range of industries nationwide in law practice areas including labor and employment, professional liability, real estate, commercial litigation, insurance coverage and litigation, financial services, and general liability law. We are a Mansfield Certified law firm recognized for our diverse and inclusive employment strategies.