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Construction Project Accounting - Webinar

  • ID: 3989364
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Make your construction project successful and understand what goes on behind the scenes.

The euphoria of being awarded a contract often overshadows the real work behind the scenes required to make the project successful. Join us for a tour of the bases as we use a baseball analogy for construction project accounting. Learn to identify upfront issues and procedures needed to have a successful bid, assure yourself you are prepared once you get up to bat by pinpointing the areas you need to control and monitor as the job progresses, identify the obstacles that get in the way and how you address them so cash flow is supporting the costs of the project and not your company, and end with what project close out means for you to score early and win.

Learning Objectives
  • You will be able to discuss fundamentals of a successful bid.
  • You will be able to explain the WIP report.
  • You will be able to describe award considerations.
  • You will be able to review and monitor the profits.
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We Got the Job - Opening Day

Getting up to Bat
  • Fundamentals for a Successful Bid
  • Award Considerations - Understand the Terms
  • Preconstruction Planning
Going From First to Third
  • Using the WIP Report
  • Your 0 and 2 - Where's the Cash?
  • Monitoring the Profits
Crossing the Plate
  • How to Use Business Intelligence to Improve Job Profits
  • What Does Project Close Out Entail?
  • Final Analysis
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Theran J. Welsh, CPA SVA Certified Public Accountants
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This webinar is designed for project managers, contractors, subcontractors, presidents, vice presidents, business owners, controllers, accountants, architects, engineers and other construction professionals.
Note: Product cover images may vary from those shown
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