Identification: B2
Most contractors have a slightly different reimbursement policy for travel costs and/or allowance arrangement, but most fall outside of what is allowed under IRS rules and regulations. This presentation will address what is and is not allowed under the current tax code – including what policies are required to be considered an "Accountable Plan," the benefits to both the employer and employees under this type of arrangement, and how the use of standard per diems for out-of-town travel can reduce the substantiation burden on both the employer and employees. We will also address these rules as they relate to temporary work assignments for workers who are assigned to jobs away from home for long periods of time.
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Identification: R2
THIS SESSION DOES NOT HAVE AUDIO
This session will evaluate suggested tools and methods to understand the risks and rewards of managing subcontractor and supplier risk. It will also demonstrate how a robust risk management program can utilize both surety bonds and other means to successfully navigate risk and reward possibilities.
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Identification: S1
Subcontractors are faced with numerous risks, including onerous clauses in the subcontract. Subcontractors must decide whether to insure against them, try to change the language, or pass on the job. This session will look at those objectionable clauses and identify those that can be insured against, those that can even the playing field by changing a word or two, or when it is wise to say thanks but no thanks.
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Identification: T2
Software for construction field operations, including mobile technology, is evolving rapidly and is critical to profitability. The faster a company has accurate information on what is happening in the field, the faster it can react to protect margins. Minimizing inefficiency, redundancy, and delays in this data capture and analysis process are parallel goals. This session will cover field operations software approaches, unifying field applications with accounting/ERP systems and other workflows, and strategies for successful deployment.
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Identification: A3
Are you responsible for presenting financial information to your organization? If you’re a CEO, CFO, financial analyst, or a manager needing to communicate financial information in an impactful way, this session will give you the necessary tools to tell more effective stories with your financial data. Through a mix of financial data, visualization, storytelling theory, best practices, and practical application, attendees will learn how to bring financial information to life and use it to communicate a story with a focus on simplicity and ease of interpretation.
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Identification: ADV3
The Work in Progress (WIP) schedule presents many challenges, even to industry veterans. The WIP schedule contains a wealth of knowledge that impacts cash management, long-term strategy based on evident operational trends, the ability to assess the strength of the company’s project management processes, and the invaluable nuances that make estimating more precise and competitive. This interactive session will dissect the various elements of the WIP and analyze the information provided. Attendees will understand how to use the WIP for management decisions, forecasting, and as a tool to support company operations in a significant and measurable way.
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Identification: B3
Many reports and studies continue to indicate base pay as the number one driver in both attracting and retaining employees. But according to the Hay Group, when adjusted for inflation, U.S. salaries have decreased since September 2008. This reflects both the importance of base pay and lack of pay growth, which sets the stage for a large disconnect in the coming years. Combined with the severe workforce shortages expected to continue in construction, it seems likely that pay will expand to meet the goals of recruiting and retention of key people. Yet, there are signs that the pool of available applicants is shrinking, professional staff and management turnover rates continue to be low, benefit packages appear stagnant, and some contractors have begun reigning in pay practices. This session will address the impact of pay on contractor recruiting and retention efforts and provide options for contractors to improve their pay practices to attract and retain key employees in 2018 and beyond.
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Identification: L2
Based on the best-selling book It's About TIME, this highly interactive, content-rich presentation offers industry-specific examples and stories. Attendees will learn leadership lessons from some the biggest and brightest contractors from around the world.
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Identification: R3
CFMs wear many hats, including that of contract negotiator. This session will present strategies to focus your attention on contract clauses requiring special consideration, address how to propose alternative solutions to specific issues, and explore various techniques to help you achieve your goals in the negotiation. This session will provide a special opportunity to learn from the past successes and failures of your peers and better prepare you to tackle contract negotiations.
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Identification: S2
In today’s low-margin, high-volume industry, many contractors have strategically started or enhanced service businesses to increase their overall profit margins. Running a service operation is not the same as running a construction business since overhead, accounting, field personnel, project management, and IT systems must be customized to properly manage the service side of a business. Specialty trade contractors as well as contractors from other tracks may find some useful information in an environment where owners are looking to maintain and upgrade existing facilities and defer new construction to maximize current existing investments.
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