Profitable Contracting

This course is offered in  1/2 day sessions via Zoom, on the following dates:

November 5 & 6, 2024 | Feb 11 & 12, 2025

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.

In this course you will:

  • 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, Coordinators, Estimators and Superintendents
  • Department heads, HR Staff, Warehouse Managers
  • Gold Seal candidates, Senior Managers and Owners
  • Controllers, Accountants, Administrators
  • Anyone who can influence project and company profits!

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.

Attendance at this course earns 2 Gold Seal Credits

Course Requirements:

This course is highly interactive, you must have the following:

  1. Computer or laptop with webcam: This course will involve 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, students can not attend using a tablet or cell phone.
  2. 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 an in-class program.
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October 29 & 30, 2024 | Feb 4 & 5, 2025

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About the Trainer

With over 35 years in senior financial roles, Wayne Newell has a rich history with companies across Canada, the US, and the Caribbean. He’s not just an accountant but a mentor who has guided businesses towards growth. Wayne shares his vast knowledge, techniques, and strategies that have transformed contracting companies. His seminars have reached over 3600 professionals, making him a seasoned voice in the industry. He was awarded his CMA designation in 1972.