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Full Event Description

Managing the Lifeblood of Contracting - Cash Flow Virtual Classroom - Monday, September 21, 2020 | 2:00 PM - 4:00 PM ET

09/21/2020

Cash flow is one of the most important issues facing contractors today. As the market continues to stay strong, companies are faced with starting new projects, hiring staff, and investing in assets to support the business. More companies go bankrupt due to cash flow issues than due  to  profitability. Many things can and should be done to improve cash management practices. We will explore a range of tools and techniques, from simple to complex, that allow firms to manage and control cash flow. Examples include contractual negotiation strategies, pricing and bidding practices, development of cost and resource-loaded schedules that tie to billing activities in the schedule of values, use of 12-week cash flow forecasts, project closeout procedures, and managing the billings and collection cycle. An interactive cash flow simulation provides hands-on experience that enhances the learning outcomes. Attendees to include project administrators, project engineers, project managers, project executives, group/branch executives, financial managers, owners

Learning Objectives:

  • Learn the importance of cash management practices
  • Increase profits with billings and collections
  • Apply tools and techniques that optimize cash flow
  • Maximize cash flow with process standardization
  • Create transparency and accountability with measurement

Speaker: Stephane McShane

NECA’s Online Classrooms will utilize GoToTraining. The full system requirements are here. We recommend having access to a webcam and microphone to interact with other participants during the class.