Casinos & Car Dealers, An Interesting Parallel to Being Data Driven & Data Actionable

Oct 31, 2023 3:00pm ‐ Oct 31, 2023 4:15pm

If you ever wondered why you weren’t getting those amazing upgrades at the casino, it could be because the casino knows more about you than you think, including how much you spend, where you spend it and when you sit in your room after a night of losing. So what? In a world where we hear so much about data, the people that run the casinos took actionable steps to make their business more profitable (which almost doesn’t seem fair). Auto dealers do much of the same thing in how they track and monitor potential buyers. In the world of construction, firms sit on a veritable gold mine of data but how many of those firms regularly use that data to make better decisions. It is one thing to be data driven and a whole other to be data actionable. Construction organizations must transform themselves to think strategically and incorporate such elements as seasonality, customer proclivities, environmental factors, supply chain variability, and even crew productivity in how they price work and position themselves in the market.

This is one of four post-event encore virtual sessions from AGC/CFMA’s 2023 Construction Financial Management Conference. All CFMC attendees will be pre-registered for all four sessions at no additional cost.


The 2023 Financial Benchmarker Results: The (PPP) Party is Over

Oct 18, 2023 3:00pm ‐ Oct 18, 2023 4:30pm

This 90-minute webinar will highlight key trends and divergent findings from the 2023 Financial Survey with aggregate results of more than 1,200 construction companies. This session will cover key leverage, efficiency, liquidity, and profitability ratios. Discover the KPIs most relevant to contractors and learn how this data impacts operations and the overall company. Learn how the CFMA Financial Benchmarker’s suite of products can improve your company’s financial forecasting.


Initiating Suicide Prevention Conversations with Family & Colleagues

Sep 6, 2023 3:00pm ‐ Sep 6, 2023 4:15pm

Many professionals share how hard it is to start conversations about mental health and suicide prevention both at home and in the workplace. The CDC and the US Surgeon General have expressed concern how the mental health crisis is affecting youth and young adults. During this webinar, attendees will learn practical skills and techniques on how to initiate conversations with family members. One effective way of expanding mental health literacy among your workforce is to teach employees how to have effective conversations with their family members about mental health and sharing resources. Creating opportunities for peer-to-peer support will reinforce your company’s commitment to workplace mental health and wellbeing.


Construction Case Studies in Cybersecurity Breaches

Aug 30, 2023 3:00pm ‐ Aug 30, 2023 4:15pm

The last several years have provided significant learning opportunities in cyber incident response, disaster recovery, and business continuity. This session will analyze cybersecurity breach case studies from the last few years that have had significant impact on businesses including construction companies and contractors. Participants will explore lessons learned in the areas of business email compromise, software vulnerabilities, and examples of ransomware attacks that had significant impact on business operations.

Attendees will gain an up-to-date understanding of the current threat landscape through the analysis of case studies and examples from penetration testing, incident response, and forensic practice. Through examination of the case studies, attendees will explore strategies to mitigate the risks related to these types of situations and attacks and discuss the elements and structure of incident response plans.


Leverage Data Analytics to Improve Your Cash Flow

Aug 2, 2023 3:00pm ‐ Aug 2, 2023 4:15pm

This presentation will provide instruction on the fundamental process of determining earned value for construction projects. We will explain the project level variables that influence earned value, and how to calculate Schedule Performance Index (SPI) and Cost Performance Index (CPI). This presentation will include analytic results from poorly performing and highly performing projects – from which we will discuss implications for cash flow and profitability. Attendees will learn how to calculate earned value for construction projects, as well as why this is a critical analysis for our industry. The presentation will emphasize the crucial discussions needed between project management and financial managers to improve project performance.


Negotiating a Construction Contract with an Owner

Jun 21, 2023 3:00pm ‐ Jun 21, 2023 4:30pm

Construction is a risky industry, and properly allocating the risks involved in a construction project is critical to protecting your company from potential liability exposure. Although this risk allocation is one of the main purposes of a construction contract, it is often overlooked.

Effective contract negotiation ensures equal opportunity for a contractor to properly manage and mitigate their risk exposure. In this webinar, two attorneys will represent the contractor and owner in negotiating some crucial terms of a construction contract. Attendees will have a chance to learn negotiation strategies and tactics — specifically how to articulate the reasoning behind requesting certain contract changes and strategies to help reach consensus on critical contract terms.


Ways to Stay Nimble when Hiring & Retaining Top Talent

Jun 7, 2023 3:00pm ‐ Jun 7, 2023 4:15pm

This webinar will take a deep dive into the various compensation considerations and emphasize ways for owners and executives to get the best return on investment and stay competitive in today’s market. Learn how companies have increased retention, recruiting high value targets, and deepened engagement and communication across their organization. Hear how intentional focus can improve employee relations and increase market share.


Self-Leadership: Designing Your Unique Approach

May 3, 2023 3:00pm ‐ May 3, 2023 4:15pm

Ever-changing and rapidly uncertain industry norms, new expectations from leadership and team members, and new opportunities define today’s landscape for leaders. However, there isn’t a playbook for leading through this type of change, requiring today’s leaders to design their own leadership journeys and approaches.


New R&D Amortization Rules: Impact on Long-Term Contract Accounting

Apr 25, 2023 3:00pm ‐ Apr 25, 2023 4:30pm

Research and experimental (R&E) costs associated with long-term contracts may generate a nonrefundable tax credit against your income taxes. While most taxpayers are aware of the new requirement to capitalize and amortize R&E costs under Section 174, many are not aware of how the new amortization requirement might impact your calculations of taxable income from long-term contracts under Section 460.

Generally, income from long-term contracts accounted for under the percentage-of-completion method is recognized as costs are incurred. But this webinar will explore the challenges taxpayers face in navigating the interplay between the new requirement to amortize R&E costs and the existing rules for recognizing taxable income from long-term contracts under Section 460.


‘Level-Up’ your Construction Financial Story with Power BI

Apr 4, 2023 3:00pm ‐ Apr 4, 2023 4:30pm

There’s a goldmine of data inside your enterprise resource planning and customer relationship management systems. But do you have the knowledge to transform this into decision-ready information? Learn the value of being data-driven, and the impact it will have within your organization. Since Power BI is quickly becoming the de facto reporting tool as part of the Microsoft Office suite, the presenters will use this program to demonstrate trial balances, financial statements, key performance indicators (KPIs) and show how to take your analytics to the next level. Learn why data visualization and self-service reporting capabilities are highly valuable in the new world of data today.