Cash Management & Advanced Cash Forecasting

Jun 27, 2015 7:00am ‐ Jun 27, 2015 4:00pm

Credits: None available.

Effective cash management is crucial to all construction companies. This informative session will cover the principles of the cash flow life cycle, optimizing cash flow, and cash forecasting.

Learning Objectives:
  • Explain the value of cash flow management and the establish and use internal controls.
  • Recommend and apply sound cash management techniques.
  • Get a hands-on approach to developing cash forecasts using sample company financial statements.
  • Learn how to forecast sales/volume beyond existing backlog

A 360° View of WIP

Jun 27, 2015 7:00am ‐ Jun 27, 2015 11:00am

Credits: None available.

This program provides an in-depth view of the Work-in-Progress (WIP) schedule from all directions and will cover the accounting aspects of WIP – how to calculate, account for, and reconcile costs. There will also be an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs to complete, projecting future profits using budgeting and forecasting, and much more.

Learning Objectives:
  • Demonstrate the WIP and percentage-of-completion (PCM) accounting methods.
  • Apply best practices for internal use and analysis of WIP schedules.
  • Understand how external analysis from third-party users such as sureties, banks, CPAs, and others can impact your business.

IRMI CRIS Course: Nuts & Bolts of CGL Coverage

Jun 27, 2015 7:00am ‐ Jun 27, 2015 4:00pm

Credits: None available.

Commercial general liability (CGL) insurance represents one of the most important and complex pieces of a contractor’s risk management program. This workshop will explain the key aspects of CGL coverage from a contractor’s perspective. From the insuring agreement to the policy exclusions, this workshop explains the application of key policy provisions in a construction context.

Learning Objectives:
  • Identify numerous potential CGL coverage gaps and, where possible, show how to fill them.
  • Discover how to expand contractors’ coverage through the use of standard and nonstandard endorsements.
  • Be prepared to complete the CGL component of the Construction Risk and Insurance Specialist designation.

Prequalification of Project Team Members Including Owners, GCs & Subcontractors

Jun 27, 2015 12:00pm ‐ Jun 27, 2015 4:00pm

Credits: None available.

An interactive discussion of best practices and lessons learned of prequalifying project team members, including owners, owners’ reps, GCs, and subcontractors.

Learning Objectives:
  • Learn the due diligence process in developing go/no-go project pursuits.
  • Understand the owners and owners' rep experience Learn the prequalification process of owners, GCs, and subcontractors.
  • Discuss the “gotchas” in the respective contracts

Ethics? Construction? Really? YES - Let's Get the Conversation Started!

Jun 28, 2015 6:30am ‐ Jun 28, 2015 11:00am

Credits: None available.

In every business day, ethical issues can and should be raised when considering business actions and decisions. Contractors and their business partners should be aware of the impact of their choices and how the underlying ethical issues can not only affect their reputation inside and outside of their organizations, but affect their organizational “soul.” How can individuals remain cognizant of the challenges of ethical lapses? This interactive session will tackle the main ethical concepts and apply them to real life construction situations.

Contracts 101

Jun 28, 2015 6:30am ‐ Jun 28, 2015 11:00am

Credits: None available.

Are you ready to learn how to analyze and improve your construction contracts? While you don’t need to be a lawyer to read a contract (though you absolutely want one to) you do need to understand what you are reading. This course will teach you how construction contract sections fit together and which clauses you need to look out for to protect your company’s bottom line.

Learning Objectives:
  • Understand how construction contract sections fit together.
  • Identify terms that create risk for your company.
  • Propose and modify contract language to protect your company.
  • Select and develop standard clauses you should use.
  • Use your company’s attorney more efficiently

Women in Construction: Building the Pipeline

Jun 28, 2015 7:00am ‐ Jun 28, 2015 10:30am

Credits: None available.

An interactive mini-conference for both men and women that will explore four diverse careers in the construction industry, and how each has been impacted – or had an impact – on the role of women in construction. After the panel presentations, attendees will have the opportunity for Q&A with the speakers. Bring your comments, questions, feedback, and experiences to share.

Learning Objectives:
  • Identify the unique advantages and challenges faced by women in the construction industry.
  • Understand the importance of gender issues in the workplace – both in the office and in the field.
  • Recognize differences in male and female perspectives and more effectively integrate both for successful outcomes.
  • Learn how industry leaders have responded to gender-specific challenges.
  • Discover why it is important for women and men to work in an environment that empowers and encourages females

Dawn Peer Groups: Heavy/Highway Roundtables

Jun 29, 2015 6:00am ‐ Jun 29, 2015 7:15am

Credits: None available.

Learn and share your experiences with three areas specifically developed with Heavy/Highway contractors in mind. Topics to be covered include:
  • Small tool tracking
  • IT solutions for equipment
  • Equipment security

Dear Benchmarker - Advice for Achieving the Benefits of Benchmarking

Jun 29, 2015 6:00am ‐ Jun 29, 2015 7:15am

Credits: None available.

Tired of looking for the resource that will answer all your benchmarking questions? Dear Benchmarker is here to dispense the advice you need to achieve the benefits of benchmarking and drive decisions to improve your company’s performance! Join our panel discussion to uncover:
  • 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
  • How construction companies are combatting the shortage of skilled trade workers
  • 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

Sub-Specialty: Hot Topics for Subcontractors

Jun 29, 2015 6:00am ‐ Jun 29, 2015 7:15am

Credits: None available.

Attend this early morning meeting of the minds forum to share ideas and possible solutions to challenges specific to the Sub-Specialty group. Roundtable discussions will focus on two areas of concern: Davis-Bacon projects and Human Resource issues. Attendees will share their own experiences and hopefully provide some solutions and best practices.

Learning Objectives:
  • Learn the challenges facing Sub-Specialty trades when performing on Davis-Bacon projects and for the overall Human Resource function.
  • Discover best practices in these areas.
  • Take away tips to incorporate in your own company.