This class, designed specifically for NECA’s small and medium-sized contractors, will bring in experts to discuss the essential elements of finance, insurance and risk, and legal issues that all contractors need to know.
This session will discuss the key financial processes, facts, and figures that you need to be constantly aware of to keep the company running smoothly. Following the class, you’ll have an understanding of the components of financial statements, cash flow, profit fade, work in process schedules, cycle time, and the concept of margin versus markup.
This session will be led by David O’Brien, CPA. Dave is a partner and Director of Construction Services at Mosley, Pfundt, Glick & O’Brien and has an extensive background in assurance and accounting with an emphasis in real estate, construction, manufacturing, and distribution.
The legal issues that electrical contractors can face are diverse and this session will focus on three key areas. First, every company routinely signs contracts for products and services, but those contracts may not be in the best interest of your company. Recommended clauses and provisions, what they mean, which ones to avoid, and how to include the correct ones will be discussed. Next, important wage and hour changes will be reviewed to assist you with staying in compliance to avoid an audit or lawsuit. Finally, every business may face an incident or allegation that must be internally investigated. It is critical to conduct such an investigation or self-critical analysis in an effective manner, and this presentation will center on best practices in this area.
This session will be led by Tyler Freiberger. Tyler is a Senior Associate Attorney at Centre Law & Consulting primarily focusing on employment law, litigation, and compliance with regulations on federal contracts. He has successfully litigated before the NLRB, the EEOC, local counties human rights commissions, and several United States D.C. District Courts. On behalf of Centre Law & Consulting, he has advised federal contractors on compliance with the Service Contract Labor Standards/the Service Contract.
Insurance, Bonding & Risk Management
While you may have insurance policies in place, you may not be adequately covered. This session will discuss common coverage concerns and factors that affect business insurance premiums. Risk management culture, best practices for fleet/driving and workers compensation, as well as bonding, will also be discussed.
This session will be led by Scott Cloutier, Brandon Gainer, Jonathan Bryan and Ray Hurney from Federated Insurance.
This session will begin at 1:00 PM on the first day and conclude with a reception. Day 2 will run from 8:00 AM-12:00 PM.
A hotel room block has been reserved at the Omni Las Colinas Hotel at a rate of $229 per night. Booking information will be provided following registration.