Product Overview
The successes of construction companies are attributed to the relationships between operations and financial personnel. Managers and owners who excel in both areas can optimize performance, manage risks effectively, allocate resources efficiently, and capitalize on growth opportunities.
This course provides construction professionals with valuable insights and practical tools for effective cost controls, labour productivity improvement, overhead and cash flow management, profit maximization, and timely financial reporting. These skills are essential for success in the dynamic and competitive construction industry.
The course offers industry professionals an extensive understanding of construction and financial management by emphasizing the critical role of cash. By bridging the gap between construction processes and accounting reports, participants can develop the knowledge, skills, and strategic mindset required to manage construction projects, optimize financial performance, and achieve long-term goals.
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 influences project and company profitability
Industry Credits
- This course is worth 2 gold seal credit.
- This course is worth 7 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.
