Product Overview
Construction is demanding. Between labour shortages, tight margins, and growing overhead, it’s not enough to simply finish the job—you need to finish profitably.
The course was designed for construction professionals who want to improve the management of time, people, and money, whether they’re working on-site or in the office. It provides practical knowledge and tools to help reduce costs, improve cash flow, and enhance performance.
This isn’t a lecture—it’s a hands-on, results-focused workshop tailored to your daily challenges
What You Will Learn
- Understand the construction project life cycle and key financial risk points
- Structured approaches to project cash flow and cash flow forecasting
- Recognize impact of labour productivity, delays, and change orders on profitability
- Use job cost reports and project evaluations to monitor project performance
- Apply financial tools such as net present value to evaluate capital acquisitions
- Understand revenue recognition, accrual accounting, and budgeting in construction
- Implement overhead controls and effective accounts receivable management
- Track success using Key Performance Indicators (KPIs) and Productivity Metrics
- Understand how bonding, insurance, and financial partners influence growth
- Strengthen internal financial controls to protect company assets
- Understand the impact of prompt payment legislation and annual holdback release
Participants will work through practical exercises and real-world case studies that reflect some common financial and operational challenges faced by contractors.
Key Benefits
- Connect job site activities with financial results
- Improve project profitability and productivity
- Strengthen cash flow management
- Use financial reports to support better decisions
- Implement controls that support sustainable company growth
Who Should Attend
- Project Managers – seeking stronger cost control and planning skills.
- Estimators – connecting estimates to real-world financial outcomes.
- Senior Managers & Owners – increasing operational efficiency and profitability.
- Gold Seal Candidates – gaining key financial insight for certification and career growth.
- Site Supervisors & Superintendents – improving cost awareness and accountability.
- Financial managers, controllers, and accountants working in construction
This course is especially valuable for those looking to boost profitability, enhance financial management, and foster sustainable growth.
Industry Credits
- This course is worth 4 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.
