Cost Reports, Risk Management and Strategic Planning
Date(s): February 20th, 2019
Duration: 2 hour session
Time: 4:00 pm - 6:00 pm
Member Price: $125.00 + HST
Non-Member Price: $160.00 + HST
Who Should Attend: Owner/operator’s, accountants, or lead administrators who are also in charge of accounting, project managers or operations managers looking to improve their understanding of the accounting function in construction. Accounting designation or degree not required, but a general understanding of the accounting function in your business is recommended. This is geared towards the small and medium sized contractor and subcontractor, with revenues ranging from $250,000 up to $20m.
Using an example of a smaller contractor facing recent challenges, this session review cost reports and ways to identify red flags, making sense out of the contract status report, and identify ways to mitigate and manage risk. Attendees will develop a SWOT of their company, set KPI’s based on the topics learned in the course, and an Action Plan to deliver on it. Attendees will be provided a laptop with Excel and are encouraged to bring their companies financial statements for the past 4 years. Sample financials will be provided for those needing it. The course will be mixture of PowerPoint presentation, open discussion, and small exercises to reinforce the topics.
Facilitator(s): David Bortolussi, DMB Consulting Inc.