Product Overview
A practical, real-world training course for construction professionals who want to improve project execution and strengthen financial results. Learn how to manage budgets, track costs, control change orders, reduce risk, and lead more successful projects, from field to financials.
Understanding construction costs and estimates is critical for all roles. Project managers use it to control costs, accounting and admin teams rely on it for budgeting and reporting, and G&A leaders need it to manage overhead and guide strategic decisions. When everyone understands the numbers, the whole operation runs smoothly and profitably.
Delivered over three half-day (4-hour) sessions, this course takes participants through the real-world lifecycle of a construction project—from concept and estimating to closeout and financial wrap-up. Whether your projects are under $1 million or over $100 million, mastering operations and financial controls is key to reducing costs, improving productivity, and protecting profits.
Whether you work in operations, supervision, estimating, accounting, or executive leadership, Masterclass will help you bridge the gap between field execution, finance, and strategy to improve coordination, reduce costs, and increase profits.
Participants will learn to:
- Efficiently manage project lifecycles
- Build robust cost controls and job costing processes
- Connect estimating with field execution and financial reporting
- Manage contracts and change orders to protect cash flow and margins
- Key principles to improve labour productivity and site logistics
- Minimize the misleading effects of revenue and cost accruals on financial reports
- Identify the costs and underlying causes of productivity gaps
Who Benefits by Attending?
Masterclass is ideal for anyone responsible for delivering profitable work: project managers, estimators, supervisors, accounting staff, and company executives. Participants will understand how operational and financial decisions affect project success and company performance. The comprehensive course manual contains tables, case studies, and financial and cost reports.
Bonus Tools Included:
- Checklists for cost control & productivity
- Templates for forecasting and reporting
- Change order and risk management guides
- Real-world case studies
Industry Credits
- This course is worth 4 gold seal credits.
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 four 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 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.
This course is offered in partnership with construction associations across Canada and you'll be participating with a cohort with peers from throughout the country.
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.
