Identification: MC1
This session provides a general overview of contractual risk transfer in construction contracts and subcontracts, with specific attention to those provisions that present risk and insurance implications for contractors. It reviews the structure of construction contracting relationships and the key provisions in which responsibilities and liabilities are allocated to the contracting parties, and suggests methods to equitably allocate these liabilities. It also examines processes for ensuring the effectiveness of contractual risk transfers, and identifies problems that may arise if contracts are not properly reviewed and their risks managed. This session is intended to prepare attendees for the CRIS Contractual Risk Transfer course exam.
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Identification: MC2
This session is an interactive discussion of best practices and lessons learned of prequalifying project team members, including owners, owners’ reps, GCs, and subcontractors.
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Identification: MC3
Did you know that it’s possible for a construction company’s controller or CFO to generate more profit for the company than a PM on a construction project? Effective cash management is the key. This course covers the cash flow life cycle, ways to optimize cash flow, and cash forecasting techniques.
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Identification: MC4
This course provides an in-depth view of the Work in Progress (WIP) schedule. First, this session will cover the basic accounting aspects of WIP – how to calculate, account for, and reconcile costs. Next, it will explore the perspective of an internal analysis covering cash flow related to jobs, management, and analysis tools, as well as estimated costs to complete and projecting future profits using budgeting and forecasting. Finally, learn the significance of your WIP schedule from the third-party user’s perspective and why ensuring its successful performance is necessary to your company's credibility.
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Identification: MC5
This workshop is designed for construction financial professionals who have mastered the basic concepts presented in CFMA’s Cash Management module and are interested in learning more comprehensive forecasting approaches.
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Identification: MC6
The construction industry is highest in number of suicide deaths and second-highest in suicide rate per 100,000 workers. Contractors are typically safety-focused and increasingly aware of the critical role wellness plays in their employees' lives. However, an important topic that can positively impact workforce safety, wellness, and productivity is often neglected – mental health. This session will address this preventable epidemic among the construction workforce and educate participants on risk factors, warning signs, and protective actions to take with at-risk employees. Takeaways can be used to conduct a needs analysis and equip companies to face suicide and mental health concerns head-on.
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Identification: MC7
Your WIP is more than just a reporting tool; it is a financial management tool for your construction company. This intensive course will provide an advanced view of the WIP schedule and teach you strategies that will turn unexpected profit fade and enhancements into predictable events.
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Identification: MC8
As a construction financial professional, many people and businesses rely on your ability to ethically execute your job functions. In order for others to place the greatest reliance possible on your work, it is critical that you are guided by an ethical code of conduct in all of your professional relationships. This course presents ethical concepts, including a framework for analysis of ethical situations and the use of case studies from construction situations.
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Identification: DPG2
What are the benefits of certification? Do I meet the eligibility requirements? What is the best way to prepare? What is required to maintain my certification? The answer to these questions and more will be answered during this session. Learn firsthand from your peers about the certification process and how achieving the industry’s only accredited certification for construction financial managers enhances your individual career and practice development for CPA firms.
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Identification: DPG1
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. Learn about KPIs most relevant to contractors, including those related to liquidity, profitability, leverage, efficiency, and productivity.
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