Identification: ADV5
This session will focus on critical considerations for properly managing the downstream transfer of risk through indemnification, insurance, and associated risk transfer language contained in subcontracts, trucking, and vendor agreements. Examples of risk transfer failures that continue to occur in the construction industry will be provided to underscore the need for specific contract language and stress the importance of formal processes and procedures for lower-tier entity insurance review and verification. Attendees will obtain practical advice and resources to further assess their contract agreements and administrative processes to close potential gaps that could lead to failures in subcontractors and their insurance carriers properly responding to a covered loss. The session will also address elements of post-completion risk, use of temporary labor, and proper management of any entity performing work for you or on your customer’s behalf.
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Identification: B4
Discover how an understanding of individual and collective strengths is critical to business success. Learn how to create a high-performing team with the right type of collaboration and appropriate methods of communication. Since the Kolbe Assessment will be discussed, it is recommended that attendees take the assessment prior to the session.
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Identification: H1
Equipment management is a complex and difficult task that affects almost every aspect of a company’s operation. Successfully managing equipment owning costs requires accounting and finance skills and expertise throughout the entire equipment life cycle, from acquisition through disposal. Another critical aspect for equipment-intensive contractors is the budgeting of capital expenditures as well as annual equipment hours, owning, and operating costs. Learn best practices of how the internal “Equipment Triangle” of Operations, Fleet, and Accounting can collaborate to achieve success in managing, budgeting, and tracking your fleet. This session will prepare you to develop accurate equipment costs and set rates that enable each category of equipment to recover its actual costs. Further, it will provide insights into the process, inputs, and workflows to establish accurate and effective budgets.
Learning Objectives:
Identification: L4
This unique session is designed to help attendees and their companies more easily “walk the talk” of great ethics. This often-humorous program will show attendees ethics risks they never knew existed and what can be done to assure those risks don’t turn into costly ethical and legal problems on the job. They will also learn how even a slightly changed focus on ethics can significantly build their organization’s bottom line. Attendees will leave with easy, practical ideas and tools to reduce their risk for ethics difficulties while simultaneously reducing the risk of colleagues, coworkers, and entire organizations.
Learning Objectives:
Identification: R6
All Subcontractor Default Insurance (SDI) policies state that the insured must provide a “satisfactory” proof of loss. But, how does an insured plan and respond to this ambiguous requirement? Although certain SDI carriers circulate a claim guidance document, it does not establish how the claim submission documents are to be used to produce a satisfactory proof of loss. The combined ambiguity of policy terms and guidance document lists have given way to a trial-by-error process that results in a lengthy, onerous RFI process. This presentation will provide unique insights, lessons learned, and methods and standards used to maximize recovery of costs when making a claim submission. It will also cover post default preparation, proof of loss expectations for direct costs, and what carriers expect to see when claiming indirect costs. Attendees will also learn about the most common mistakes and problems that GCs experience when faced with producing a proof of loss claim and real solutions.
Learning Objectives:
Identification: T4
Safety management on construction projects has evolved parallel to the evolution of mobile technology. The traditional workflows of documenting safety meetings, inspections, and accident reports continue to move from paper-based forms to real-time cloud data that enhances accountability and reporting. This session will demonstrate how companies can migrate their paper-based safety management over to mobile apps. It will explore the pros and cons of preferred platforms, hardware options, mobile data management, paid vs. free apps, and Bring Your Own Device (BYOD) policies. Attendees will learn about best practices leading contractors employ in their mobile safety management programs on the jobsite and at the office, and how they can draft a plan to fit their company’s objectives.
Learning Objectives:
Identification: A6
Financial professionals report that almost all of their tasks are more important today than they were just five years ago. In the midst of global economic uncertainty, the big data revolution, and industry transformation, CFMs must move from compliance to analysis. Learn how to shift focus to strategy, performance improvement initiatives, and big data mining. This session will share proprietary industry information for benchmarking purposes.
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Identification: B5
Controlling employee benefit and health care costs for contractors is critical to profitability, employee satisfaction, and financial forecasting in the bid process. The advent of Total Cost of Care (episodic cost management vs. typical PPO networks) is ushering in a new era of contractor sponsored health care and cost management. Over the coming years, employers will witness a shift in the traditional "PPO and POS” networks offered by insurance carriers and administrators that will significantly impact a range of benefit offerings and cost control measures historically utilized by employers. Using case studies and specific financial measures, this session will cover the historical “supply side” of employer sponsored health care arrangements and how the next 1-3 years will impact the employer and employee health care paradigm. This session will teach contractors the financial management tools of the coming era in employer-sponsored health care and ensure that the continued offering of this benefit is a viable financial option.
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Identification: H2
This session will include an update on such heavy/highway accounting and financial reporting trends and best practices as: equipment accounting, costing and allocation methods, percentage of completion contract reporting issues, unit price contract considerations, extended warranties and related matters, healthy contractor benchmarks, yellow and red flag financial indicators, DBE subcontractor management and reporting, and the impact of the new revenue reporting standard.
Learning Objectives:
Identification: L5
Successful leaders intentionally build and nourish three kinds of relationships: mentors, peers, and mentees. This triad helps them avoid the common leadership pitfalls that have derailed others. There is a great hunger among leaders to strengthen personal accountability, build a sense of community within the workplace, and fill the succession gap with emerging talent. So, who are the people who lead you? Who are the people who pack in around you? And who are the people who you pour into? This session will provide practical instruction on how to get all three relational sets functional and beneficial to your day-to-day leadership. You will also take a Leadership Triad Audit (LTA) to help you assess the strengths and weaknesses of your current triad.
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