Financial Management for Contractors
Date(s): March 5, 2024
Duration: One eight-hour session
Format: In-person (134 Eileen Stubbs Ave. Unit 103 Dartmouth, NS B3B 0A9)
Member Price: $650.00 + HST
Non-Member Price: $845.00 + HST
This course is Gold Seal accredited (1 Credit)
Overview: This program was designed for non-accounting personnel who are responsible for reviewing and monitoring small and medium sized contractor and subcontractor projects. Covering the basics of construction financial statements; break-even, set profit targets, analyze, create cash flows, and financial forecasts. Reviewing 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.
1. Getting More Out of Your Financial Statements
2. Financial Forecasts, Job Analysis and Cash Flow Management
3. Cost reports, Risk Management and Strategic Planning
Who Should Attend: Owner/operators, 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 is not required, but a general understanding of the accounting function in your business is recommended.
Facilitator(s): David Bortolussi, DMB Consulting Inc.