Five Secrets to Healthlier Cash Flow for Subcontractors

Wednesday, May 1, 2024
Time: 3:00PM - 4:00PM (ET), 12:00PM - 1:00PM (PT)

As a subcontractor, ongoing concern about financing your clients’ projects is paramount. You’re funding the job and doing the work before you’re paid — and getting paid isn’t easy. In fact, only 5% of subcontractors report being paid on time consistently, and the average invoice age in construction is 90 days — it’s time subcontractors buck the status quo. During this webinar, subcontractors will gain valuable insights and practical tips on how to improve their cash flow on projects. Learn the top five insider tips for getting paid faster and managing cash flow better on projects. With the knowledge gained, attendees can identify and address the main causes of payment delays, enhance their financial management skills, and ultimately improve their company’s bottom line.

Learning objectives:

After this session, attendees will be able to:

• Identify and address the main causes of payment delays.
• Proactively manage change orders to minimize costs and maximize profits.
• Expertly leverage billing projections to better understand future backlog.
• Improve collaboration between project managers and the back office for more efficient billing processes.
• Ensure a successful closeout by collecting retention payments in full.

Level & Prerequisites
This is a group-internet webinar at the Intermediate Level. Some knowledge of E-mod is recommended.

CPE information
Earn 1 CPE credit in the field of Management Services.
CPE can only be earned by attending the live session. CPE is not available by watching the recording.

CCIFP Information
Earn 1.0 Professional Development credit toward the General or Construction requirement

Who Should Attend?

• CFOs
  
• Construction Managers
• Controllers
• CPAs
  
• Professional Advisors

Speaker:

• Claire Wilson, Head of Construction Solutions, Siteline

Price
Free for CFMA members and $69 for non-members