Join us for an engaging session focused on the critical need for developing enterprise leaders in the AEC Industry and learn effective steps toward reaching this goal. This webinar will explore the unique challenges and opportunities faced by professionals transitioning to executive roles within the AEC environment.

Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This program will cover associated accounting issues, including revenue recognition, contract assets and contract liabilities, leases and interim reporting considerations, 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.

Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This program will cover associated accounting issues, including revenue recognition, contract assets and contract liabilities, leases and interim reporting considerations, 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.

This session will cover the essential components of a construction contract, with a particular focus on developing and managing the scope of work, establishing clear payment schedules, and understanding common payment structures (e.g., lump sum, cost-plus, unit rate). You will learn to effectively draft and review contract terms to ensure clarity, accuracy, and enforceability, and gain a deep understanding of how well-defined scope and payment provisions can prevent disputes, optimize project execution, and mitigate risks during the construction process.

By the end of this module, participants will be able to:

• Understand strategies to limit your contractual scope of work to what you included in your bid or proposal
• Identify and negotiate essential payment terms in your contract
• Effectively manage the payment process during the project
• Discuss strategies for protecting your right to timely payment during the project