This course will multiply your value as a key employee, teaching you how to get beyond ‘handling the insurance’ for your firm, and achieve comprehensive enterprise risk management, propelled by robust interfaces with all the departments in your company. The program will explore all aspects of surety, insurance, project bidding, safety, loss control, crisis management, technology risks, claims management, contract administration and legal issues. You will learn a “best practices” approach to managing the insurance year, the art of effectively interfacing with both internal/external partners, and how to mitigate risk from a project standpoint. Discover how effective risk management can provide you with a competitive edge and become a major profit center for your company.

Information Technology

· Applications for construction management

Risk Management

· Construction-related insurance

· Surety

Taxes

· Accounting methods unique to the construction industry

· Tax filing

Budgeting & Planning

· Capital budgeting

· Cash management

· Strategic planning

· Strategic cost management

Human Resources

· Compensation

· Employee benefit plans

· Accounting/finance department administration

Income Recognition Methods

· Financial reporting

· Percentage-of-completion accounting method

· Contract revenues

· Contract costs

· Accounting for the effects of change in estimates

· Completed-contract accounting method

Legal

· Preparation & review of contracts

· Subcontracts

· Warranties

· Alternatives to litigation

Accounting & Reporting

· Accounting standards & guidelines

· Basic methods of accounting

· Receivables

· Costs in excess & billings in excess

· Construction equipment

· Subcontractor payables

· Capitalized interest

· Financial statements

· Project management

This four-hour intensive course will provide an advanced view of the Work In Progress schedule. Your WIP is more than a reporting tool; it is a financial management tool for your construction company. From this workshop, you will gain strategies to turn unexpected profit fade and enhancements into predictable events.

This four-hour intensive course will provide an advanced view of the Work In Progress schedule. Your WIP is more than a reporting tool; it is a financial management tool for your construction company. From this workshop, you will gain strategies to turn unexpected profit fade and enhancements into predictable events.

This program provides an in-depth view of the Work in Progress (WIP) schedule. The first part of the course will cover the basic accounting aspects of WIP including how to calculate, account for, and reconcile costs. Part two will explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs to complete, and projecting future profits using budgeting and forecasting. Attendees will also learn the significance of your WIP schedule from the third party user’s perspective and why ensuring its successful performance is necessary to the credibility of their businesses.

This program provides an in-depth view of the Work in Progress (WIP) schedule. The first part of the course will cover the basic accounting aspects of WIP including how to calculate, account for, and reconcile costs. Part two will explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs to complete, and projecting future profits using budgeting and forecasting. Attendees will also learn the significance of your WIP schedule from the third party user’s perspective and why ensuring its successful performance is necessary to the credibility of their businesses.

This program will cover techniques and considerations for planning and executing a succession plan for management and owner(s), including common reasons for ownership transfer plans not working. The program will also include some processes the company can implement for a successful business leadership transition necessary in an ownership transition. It will also address the various balance sheet, cashflow, and tax implications.