Profitable Contracting

In our highly competitive construction industry, managers and owners, regardless of the size of their companies, need to be well-qualified generalists able to juggle multiple tasks. The successes of their company will be attributed to operations and financial management. While operations management holds immense influence in how companies can improve performance and their profitability, good financial management can help improve performance by providing the necessary funds and reports for operations, growth, cost controls and profit improvements.

This course discusses effective cost controls, labour productivity and recognition of high overhead costs, profits, cash flow headaches and timely reports.

Cash is the engine that drives all companies whereas financial reporting is the critical element in measuring success. This course offers construction management professionals an extensive understanding of construction and financial management by bridging the gap between construction processes and accounting reports.

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

The course is worth 1 Gold Seal Credit

Profitable Contracting will help you understand:

  • Earn and sustain profits
  • Available Cash Flow
  • Risks, common problems, bid errors
  • Labor / Skill Shortages
  • Low Productivity
  • Poor Financial and Timely Reporting

 

CCA Member $399(+GST) Non-Member $499 (+GST)

May 22 & 23, 2024 - 9:30am - 1:30pm

2 Virtual 1/2 Day Sessions

November 5 & 6, 2024 - 9:30am - 1:30pm

2 Virtual 1/2 Day Sessions

Additional Details

LEARNING OUTCOMES:

  • 10 basic requirements to earn and sustain profits
  • Best methods to increase profits and cash flow
  • Construction industry risks, common problems, bid errors
  • Skilled labour shortages – the causes and long-term solutions
  • Identifying costs and solutions of lost productivity
  • Proven, effective employee practices to increase productivity.
  • PMs role, ultimate goals, project evaluations
  • Forecasting revenue to ensure profit goals are achieved
  • Safeguarding company assets
  • Forecasting company and project cash flows
  • Controlling and/or reducing overhead costs
  • Benefiting from financial reports to deliver better results
  • Creating measurable goals with consistent performance reports
  • Creating a strong financial awareness in all personnel who attend

WHO SHOULD ATTEND

  • Project managers, Project coordinators, Estimators
  • HR Staff, Warehouse Managers, Department Heads
  • Gold Seal Candidates, Senior Managers, Owners
  • Controllers, Accountants, Administrators
  • All individuals who can drive project and company profitability

This course is delivered in partnership between your local construction association and other associations throughout Western Canada. You’ll be participating in a cohort with industry peers from across these regions.

Wayne Newell, Wayne Newell Management & Seminar Services

For over 35 years Wayne served in senior financial leadership roles and worked with companies throughout Canada, the United States and the Caribbean. His experiences and expertise, shared with many companies, has helped owners, managers, employees and businesses grow. In doing so, he has amassed a library of knowledge on what makes a successful contracting company.

During his seminars he discusses his experiences in implementing specific techniques, methods and strategies used to help contracting companies increase profits, control and/or reduce costs and improve cash flows. In the past eighteen years Wayne has presented his exclusive Construction Management Courses to over 3,500 construction professionals from St. John’s to Victoria.  He was awarded his CMA designation in 1972.

This course is highly interactive, you must have the following:

  • Computer or laptop with webcam: This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, and we do not permit students to attend using a tablet or cell phone.
  • A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for an in-class program.

Cancellation Policy:

Payment is non-refundable for cancellations made within 5 business days of the course, or non-attendance on the day. Complimentary substitution of another member of your company is accepted. If CCA has to postpone or cancel courses due to insufficient enrolment, CCA will refund the registration fee or, if possible, the attendee may choose to move to an identical session in the future. Unless otherwise stated, every person able to see, hear, and observe the virtual course sessions must be a paid participant. Non-compliance of this requirement will result in removal from course. Refunds will not be issued to students who are removed from the course for non-compliance of this requirement.

CANADA – ALBERTA JOB GRANT

Did you know!!  Eligible employers can get government funding to help employees access training opportunities. The Canada-Alberta Job Grant will give you up to 2/3 of the registration fee (up to $10,000/employee/fiscal year) for training. Whether taking one course or a combination of courses, the total training must be a minimum of 21 hours and be completed within 52 weeks.

OVERVIEW

HOW TO APPLY