Having high overhead costs, underbidding, and low productivity eaten up what remains of your razor-thin profit margins?

In this two half-day instructor-led live webinar, we will help you recognize problem projects, identify unwanted expenses, increase productivity, manage overhead expenses and address labour shortages.

Topics include:

• The essentials of operations, labour productivity and finance for contractors
• How to control and reduce expenses
• How to rid yourself of labour productivity concerns, high overhead costs, below-budget profits and cash flow headaches
• How to increase cash flow and improve profits
• Identifying 8 of the major causes and offering methods to resolve them
• Identifying some of the recent advances: cloud computing, collaborative software, BIM, drones, wearables and offsite and prefab construction
• Discussing some of the operational and financial issues: profit essentials, estimating, project management, labour productivity, people skills, materials and tools management, change orders, job costing, overhead controls, cash flow, AR collections, risk management, asset controls and a host of others.

Learning outcomes:

• Key strategies to improve profits, reduce/control costs and increase cash flow
• Understanding the elements of making profits
• Managing labour productivity
• Understanding the causes and solutions of the skilled trades shortage
• Effective human resource policies and procedures
• Identifying new technology to improve productivity
• Understanding the risks and potential errors in estimating
• Controlling and/or reducing overhead costs
• Ensuring that billings and change orders are controlled
• Improving AR collections
• Safeguarding company assets
• Reviewing financial performance tools
• Forecasting company and project cash flows

Who should attend:

Owners, department and division managers, project managers and coordinators, field supervisors, administrators, estimators and Gold Seal candidates.

Gold Seal Credits: 1

Note: the comprehensive course manual filled with the methods and strategies is included for your future reference.

Testimonials

An excellent speaker with an extraordinary comprehension of running a Profitable Contracting firm.

Provided further understanding of operations and financial management related to project management.

Course content of seminar was well-grounded with printed materials, videos, power point presentation and articulate instruction and Q&A by presenter.