Product Overview
Is Your Company’s Financial Performance Where It Should Be?
In today’s construction environment, strong operations are not enough. To succeed, you need a clear understanding of the numbers behind your business. This practical course helps construction professionals tackle key challenges, including:
- Labour shortages and productivity issues
- High overhead and avoidable costs
- Low profit margins and cash flow struggles
Developed specifically for Canadian construction professionals, this course bridges the gap between financial concepts and day-to-day project execution. Attendance at all 3 half-day sessions earns 4 Gold Seal credits.
You Will Learn To:
- Understand essential accounting principles and reports
- Read financial data and make confident decisions
- Track labour productivity and reduce job site inefficiencies
- Set clear profit targets using simple formulas
- Justify capital purchases through cost-benefit analysis
- Improve billing, collections, and job costing accuracy
- Identify and address overhead excesses
- Avoid cash flow shortfalls through effective forecasting
- Manage risk using insurance, bonding, and internal controls
- Tackle the skilled labour shortage with smart HR policies
- Use KPIs and analytics to measure what matters
- Navigate the accounting cycle and financial statements
- Understand revenue recognition, accruals, and GAAP basics
Immediate Impact on Your Bottom Line
This is not a theory-heavy course. Every module is designed to deliver real-world value that can be applied to your projects and company right away.
Who benefits by attending?
- Contractors and sub-trades in all fields of construction – generals, HVAC, electrical, plumbing, sheet metal, roofing, housing and more.
- Aspiring business owners looking to turn their skills into a profitable, sustainable business
- Experienced contractors planning to grow by increasing profits and streamlining operations.
- Whether you’re in the office or the field, you’ll learn to use financial data to make better decisions, improve results, and strengthen your company.
Industry Credits
- This course is worth 4 gold seal credits.
- This course is worth 12 Informal Continuing Professional Development (CPD) credits as approved by BC Housing.
Course Format
- Live, Online, Instructor-led training. This is a highly interactive course facilitated by the instructor on a video platform.
- You will be expected to have your webcam on during the whole class and participate in break-out rooms, small-group discussions, and other activities with your instructor and classmates during the course.
- Course access information will be provided to you in advance of the training by your instructor
- Full attendance and participation in all sessions is mandatory for course completion. If a student misses a class session, we are unable to transfer registration or provide a partial refund of the registration fees.
Course Requirements (Technology & Participation)
This course requires full face-to-face interaction and participation from both the instructor and students. In order to attend, you’ll must make sure you have the following:
- Computer or laptop with webcam (webcams are mandatory): This course will involve 100% 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 attendance in an in-class program.
Refunds or Transfers:
- Five (5) or more business days before the course start date: Full refund of registration fees or can be transfers to a different course date.
- Less than five (5) business days before the course start date and course no-shows: No refunds or transfers to future course dates.
- For a complete document on the NRCA Education Policies, click here.
Other Policies
- Substitution of another member of your company/team is permitted up to the course start date for no additional fee.
- 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 the course. Refunds will not be issued to students who are removed from the course for non-compliance of this requirement.
- If the NRCA has to postpone or cancel courses due to insufficient enrolment, NRCA will refund the registration fee or, if possible, the attendee may choose to move to an identical session in the future.
