Crash Course in Financial Management for Construction Owners & Managers
Discipline: Ethics & Business Practices
A construction company is a complex business, both in the actual completion of projects and “running the books” behind the scenes. This session will help participants better understand and utilize basic financial concepts, especially those specific to the construction industry. The owner or manager who understands key financial data and reports will be more likely to generate higher profits, avoid “boom and bust” times, and make better financial and business decisions.
1. Identify key construction financial management terms and principles, such as revenue recognition methods, job costing and job cost analysis, progress billing, overhead and profit, and many more
2. Review your costs to help you determine what components of your business are and are not profitable
3. Apply financial management understanding to decisions, projects, staffing, and more within a construction business
4. Establish key performance indicators (KPI’s) and create a meaningful dashboard specific to your company and the industry so you can focus on the most valuable metrics for improved profitability
For more information please visit www.worldofconcrete.com or contact Informa at 972-536-6416.
Future Dates and Locations
|No courses scheduled|