Profitable Contracting
Have high overhead costs, lack of reliable financial reports and low productivity eaten up what remains of your modest profit margins? In one day, Wayne Newell draws upon 35 years of financial and construction-contracting experience to help you recognize problem projects, identify unwanted expenses, increase productivity, manage overhead expenses and address labour shortages.
This Gold Seal course (one credit) covers the essentials of operations, labour productivity and finance for contractors. Learn how to control and reduce expenses, how to rid yourself of labour productivity concerns, high overhead costs, below-budget profits and cash flow headaches. Learn to increase cash flow and improve profits.
The major issue facing contractors’ productivity today is the forecasted labour shortage by 2030. This course identifies a number of the major causes and offers methods to resolve them with a focus on attracting skilled workers, young people and women to your company.
Operational and financial issues,
- Profit requirements
- Estimating risks and errors,
- Project management,
- Lost production: causes, costs, solutions,
- Shop inventories, small tool maintenance.
- People management skills,
- Cost control and reports,
- Project evaluations,
- Overhead controls,
- Cash flow,
- Profit planning,
- AR collections,
- Under/over billings,
- Asset controls and a host of others.
The course concludes with: “If I Managed Your Company”, 12 strategies I would implement to maintain and improve profits.
Attendance is encouraged for those who can influence profits: owners, department and division managers, project managers and coordinators, field supervisors, administrators, estimators and Gold Seal candidates. Since its introduction in 2003, over 1,200 construction professionals have benefited from this course.
| “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.” |
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