CFMA’s Annual Conference & Exhibition is an amazing opportunity to discover and implement ideas that deliver results. Our conference trains your mind to search for innovative solutions and attendees like you have countless opportunities to make valuable connections with other construction financial professionals and suppliers. Explore resources for both Future Conferences and Past Conferences to gain insight into the unparalleled educational opportunities that CFMA conferences have to offer and prepare for building your professional success!
This 4-part program is designed for Controllers and CFOs of construction companies who want to learn the fundamental skills of Treasury Management. This course will cover the following:
Part I – The Big Picture: Explore the principles and concepts that govern Treasury Management; learn the "whys" and "hows" of accomplishing your objectives; Treasury Management will be discussed in terms of overall Working Capital Management
The interaction of workers' comp insurance with state and federal workers' comp laws is unique in the insurance industry, and changes in these acts or the regulations implementing them have profound effects on the insurance line. Since this is the most costly property and casualty insurance coverage for most contractors, the insurance products and methods of handling this risk have evolved and grown accordingly.
This program provides an in-depth view of the Work in Process (WIP) schedule. The first half of the course will cover the basic accounting aspects of WIP – how to calculate, account for, and reconcile costs. Part two will explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs to complete and projecting future profits using budgeting and forecasting. Finally, you will learn the significance of your WIP schedule from the third-party user’s perspective and why ensuring its successful performance is necessary to the credibility of your business.
This 4-part program is designed for Controllers and CFOs of construction companies who want to learn the fundamental skills of Treasury Management. This course will cover the following:
Your Work in Process (WIP) is more than a reporting tool; it is a financial management tool for your construction company. In this advanced workshop, you will learn strategies to turn unexpected profit fade and enhancements into predictable events.
Today’s business environment creates challenges for the CFM – gaining buy-in, trust and accountability; motivating the team; effectively communicating; staffing dynamics – are some of the topics covered. The complexity of managing and motivating all team members to achieve projects and deadlines requires proven leadership principles, best practices and techniques. This four-hour workshop will provide you with the tools to achieve success incorporating specific construction based situations and examples. Participants will have the opportunity to apply learnings to reality-based situations during the program.Speaker(s):
In this program, you will learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This course covers associated accounting issues, control and allocation methods for overhead, benchmarking and effective performance measures, classification of direct and indirect contract costs, and recent FASB pronouncements and exposure drafts.
You don’t need to be a lawyer to read a contract (though you absolutely want one to!), but you do need to understand what you are reading. You also need to understand the major differences between the AIA documents and the ConsensusDocs. This course will help you learn which clauses to look out for so you can protect your company’s bottom line.
Learn and share your experiences in this interactive discussion about creative ways subcontractors use technology in the field. Bring a list of apps and solutions that work well in your company and how you use them.
Learn and share your experiences with three areas specifically developed with Heavy/Highway contractors in mind. Topics to be covered include the labor shortage, drone usage, and equipment utilization tracking.Speaker(s):
Learn about the key data from CFMA’s Benchmarker and how it can impact your company. Learn and share Benchmarker best practices with your conference peers, and walk away with benchmarking techniques that can help you improve your company’s financial and operational performance. KPIs most relevant to contractors, including those related to liquidity, profitability, leverage, efficiency, and productivity Methods by which contractors may manage operations in order to improve financial ratios relied on by sureties and lenders. Understand how others are using the CFMA Benchmarker to improve their bottom line. CFMA's new online Financial Benchmarker tool for 24/7 benchmarking, reporting, and comparisons of your company's financial performance with others in the industry
Focusing on the conscious choices we make every day that impact the lives of others, this eye-opening and heartfelt keynote details how to positively influence people in every imaginable way, regardless of position or status.
With an improved economy and in the midst of an election year, the tax landscape is poised for change. Do you have the tools and strategies needed to keep more of your money? Attend this session to gain insight on ways to reduce your overall tax burden and understand IRS audit triggers. You’ll hear stories and learn strategies from a 20-year construction tax veteran and a former IRS attorney.
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An interactive mini-conference for both men and women. After the panel presentations, attendees will have the opportunity for Q&A with the speakers. Bring your comments, questions, feedback, and experiences to share.
Our fast-paced and stress-filled schedules open the gate to allow people and circumstances every opportunity to “get our goat.” This session puts into perspective how your daily life intersects with people of diverse backgrounds, opinions and personalities. In this eye-opening session, you’ll discover how to avoid being robbed of the opportunity to perform at peak performance because of negativity.
From the underwriter’s perspective, discover how a construction company went from new submission, to new account, to a surety claim. After attending this session, attendees will be able to:
This interactive breakout session with a recognized technology expert on apps and solutions will focus on the various technologies and solutions that are being deployed by specialty contractors in the field. This includes stand-alone solutions that function without any integration back to the main office as well as some solutions that do (e.g., time card collection).
Data crucial to operational efficiency and decision-making is often unstructured, scattered, or trapped within static documents. Many of these are paper documents managed manually, resulting in considerable money, time, and opportunity being wasted. This session will present a practical, comprehensive approach to capturing and analyzing the huge amount of data generated in all departments with ease and immediacy as well as how to leverage that data for powerful metrics and reporting to alert, enlighten, and inform the entire company.
This session will illustrate the evolution of key implementation concepts of revenue recognition supplemented with examples; expected topics of coverage include identifying performance obligations, measuring variable consideration, accounting for uninstalled materials, required footnote disclosures, and more. This session will also cover the new standard on leasing that is expected to be released in final form by early 2016.
This session will provide insight on the Department of Transportation’s Disadvantaged Business Enterprise (DBE) regulations and compliance. The presenter will bring a unique insight and perspective in how to proactively manage compliance.
The goal of most organizations is to have a robust workforce that supports the right people in the right positions as well as a set of systems and culture that keeps them excited to be there. However, the current reality for the construction industry is that there is not only an insufficient quantity of craft workers, supervisors, managers, and staff for available positions, but also that the industry may not be appealing enough to attract and retain the right talent.
This session will identify the primary reasons why friction exists in the communications between finance and operations, and how to eliminate much of this friction to achieve better working relationships.
A simple and practical presentation based on questions construction executives should ask themselves when considering taking on new large work – even if it is only considered large for them.
While “the cloud” offers unprecedented efficiencies in data collaboration and centralization, implementing cloud solutions is a daunting task, requiring due diligence and strategic change management. This presentation will highlight the risks of cloud technology and identify the resources and best practices to manage those risks.
High-impact cyberattacks continue to rise for companies of all sizes – and the costs and damages are rising as well. What steps should companies take to prevent breaches, and how should they respond when an attack occurs? This expert panel discusses real-life stories, common challenges, and best practices to develop an effective cybersecurity risk management program.
There are many often-overlooked opportunities that can save contractors significant tax dollars, such as the 10% method, proper interpretation of the AMT for cash basis reporting, election of de minimis exceptions for the look-back method, current election of tangible property expensing amounts, costing to contracts to defer taxes, etc. This session will present the complicated tax rules that small and medium sized companies often overlook.
Projections from both the contractor and construction user perspectives indicate severe workforce shortages now and potentially for the next three years. Coupled with construction unemployment at a 14-year low, the competition for people will only grow. This session will address the combined impact of workforce availability and pay on contractor recruiting/retention efforts. Participants will walk away with sound options to modify their pay programs while maintaining control over their available compensation dollars.
Negotiation is a fundamental business skill. As a CFM, you are a negotiator of unsigned change orders, schedule extensions, new lease space for your expanded operations, or the conflict that could bring down your company. In this hands-on program, sharpen your skills by learning common negotiation behaviors, strategies, and tactics so that you can positively influence an outcome and change opponents into opportunities.
Construction risk management is a specialized field and discipline. Today’s CFM’s are expected to possess increasing knowledge of surety, expertise in insurance coverage and risk management techniques. This Advanced Track session will focus on skills, tools and resources to improve your risk management awareness and acumen. The session format will combine brief presentations on insurance gap analysis, determining key leading indicators for safety and risk management, and acquiring insights into evaluation of your or your subcontractor's Surety. Each will have facilitated discussion focused on group learning and information exchange. Afterwards, you should be able to critique your company's risk management platform and develop an action plan for process improvement in strategic risk management.Speaker(s):
It is no secret that skilled trades are experiencing an extreme labor shortage, which is hampering the ability of many Sub-Specialty companies to grow. By analyzing and clearly documenting the positions that are being left empty by an aging workforce and capitalizing on the desires of members of the younger generation for a meaningful career path that allows them to positively impact their community and environment, we can harness the energy of our youth into dedicated, long-term employees.
Join your like-minded peers for thought-provoking roundtable discussions about the issues that are challenging construction financial professionals of large construction companies. This format continues to be a dynamic and popular session at the Conference and is intended for the CFOs/financial management staff of contractors with revenues in excess of $100M.Speaker(s):
Join your like-minded peers for thought-provoking roundtable discussions about the issues that are challenging construction financial professionals of medium-sized construction companies. This format continues to be a dynamic and popular session at the Conference and is intended for the CFOs/financial management staff of contractors with revenues of $25-100M.Speaker(s):
Join your like-minded peers for thought-provoking roundtable discussions about the issues that are challenging construction financial professionals of small construction companies. This format continues to be a dynamic and popular session at the Conference and is intended for the CFOs/financial management staff of contractors with revenues of $1-25M.Speaker(s):
Construction companies are getting more involved in complex insurance programs to help manage various construction and business risks. Accounting for these programs as well as projecting the impact to your balance sheet, income statement, and tax returns can be complicated. We will provide a deeper dive into these types of programs and how to methodically account and evaluate the impact of these programs to your financial statements and tax returns.
Every construction company struggles with the question of how to retain the best employees. This session will provide a unique perspective on how companies retain key employees and what the top candidates are looking for within an organization.Speaker(s):
This session will cover the preparation, analysis, and presentation of the contracts in progress schedules, including completed contract schedules and related reconciliations and disclosures. The discussion will also include analytical procedures and strategies related to percentage of completion calculations, costs to complete, front-end loading, underbillings, overbillings, change order and claims recognition, fade/gain analysis, and other matters related to contracts in progress.
While many contractors of all sizes struggle to keep existing clients and maintain a foothold, others gain traction, build backlogs, run profitably, and penetrate new areas of specialization. So what is their secret? Why do some companies do well while others just barely survive? This session will present several case studies and distill the relevant factors that make these companies unique and successful.
|•Understand the business imperatives for surviving in the construction industry|
•Recognize the common mistakes contractors make
•Build a company fit for the next challenge
This session is a first step toward defining a set of generally accepted principles for equipment management by defining information requirements of cost and cost control, reliability and downtime, utilization and availability, and fleet average age. Data requirements and actionable metrics will be defined in each area and it will show how the standardized information produced can be used to support decisions and improve results.
Have your past technology investments fallen short on producing promised benefits? Do you have the full buy-in of your field personnel? Do your new technologies work together as expected? Perhaps this is the year for some big technology investments. Do you have a clear implementation process? Do you have the needed technology and operations expertise? Our experienced construction IT consultant PM team will share what you need to be successful.
Leadership is complex and challenging. Every leader is different in terms of style, experience, and approach. It turns out, however, that the greatest leaders – those who inspire the greatest performance in others – have a few things in common. Backed by compelling research within the construction industry, this interactive session reveals the often overlooked attributes that differentiate good leaders from great ones.
This interactive panel of finance experts, moderated by a seasoned industry CFO, will discuss future trends in the debt and financing market for contractors and cover the impact of rising interest rates, effect of new lending regulations, industry consolidation themes, and more. Attendees will gain a clear view of the debt and equity markets and the practical implications for contractors, along with actionable recommendations for CFMs to help guide their construction businesses in the future.
This panel of Sub-Specialty CFMs will discuss best practices and respond to attendees’ questions regarding cash flow, contract clauses, change order turnaround, restrictions on change pricing, collections, and improving communication between operations and accounting.
This session will review and discuss select advanced accounting, financial statement presentation, and reporting matters facing construction contractors and users of their financial statements, including current accounting pronouncements, joint ventures, and other accounting issues.
The human and financial impacts of untreated or mistreated mental health conditions are staggering. Untreated or poorly managed mental health conditions become apparent in the workplace – sometimes in obvious ways, and sometimes in subtler ways. The construction industry is one of the occupations at greatest risk for suicide. CFMs must have an active role in helping address mental health awareness and promoting suicide prevention in their organizations. Successful leaders will boldly and proactively address the issue.
Contractual risk transfer is a critical element of any successful risk management program. This session focuses on key elements required to manage the upstream and downstream transfer of risk through indemnification, insurance, and associated risk transfer language contained in various contract agreements. Real-life examples of failures that occur in the construction industry will underscore the need for very specific contract language and administrative review processes. Extensive technical resources will be provided.
Explore easy-to-use mobile and web applications that can be integrated into your company’s construction process. This session will review technology tools that, with simple implementation, can address far-reaching problems and inefficiencies. Learn how companies today are employing these solutions and creating competitive advantages on projects without having to adopt full enterprise software suites. From reporting time to sharing project photos, explore how these mobile and cloud solutions can work for you.
This interactive session is based on years of real-life experience and data will include 10 items each for strong, improving, struggling, and failing contractors.
Private exchanges, specialty prescriptions, deteriorating population health, and compliance uncertainty have employers concerned about rising and unpredictable health care costs. This session will detail strategies in these key areas of health plan costs management for contractors. Case studies and specific cautionary examples will assist attendees in garnering the necessary knowledge to navigate the coming years for their employer-sponsored health plan.
This session builds on the concepts introduced in “Leading from the Inside Out” (GS2). Through case study examples, hear what real organizations and individuals are doing to develop the leadership capabilities that produce the greatest sustainable leadership impact. Additionally, this session shares how the most valuable leadership capabilities produce not only a healthier bottom line, but also a better quality of life for all involved.
Environmental liabilities have the potential to impact almost any contractor working at a construction jobsite. The purchase of Commercial Pollution Liability (CPL) insurance is motivated by contractual requirements and the need for asset protection in the event of an environmental loss. Learn about environmental exposures at jobsites, review various forms of liability with respect to federal and state laws, learn the limitations of the Commercial General Liability (CGL) policy, and understand coordination of defense between multiple insureds and carriers.