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Construction Finance Essentials for Professional Service Providers - On-Demand CPE
$105.00
Member price: $85.00
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This interactive self-study course introduces the essentials of construction finance to professional service providers in the construction industry to help them better meet the needs of their construction clients. This course explores the financial elements of a construction project life cycle so service providers can appreciate what is important to their clients, when, and why. Providers will gain insights into how their clients track, monitor, communicate, and adjust while carefully balancing budgets and forecasting financials as the construction project evolves. The purpose of this program is to give professional service providers a better understanding of the crucial financial aspects of managing any construction project and how to help ensure it concludes successfully.
Learning Objectives
After this session, you will be able to:
• Identify the elements of the financial statement that are important to construction companies
• Describe work-in-progress (WIP) schedule elements and how they can affect project forecasting and the balance sheet
• Explain how construction companies assess and manage project risk from the bidding/proposal stage through completion
• Recognize how the contract language impacts billing and cash flow provisions
• Describe how sound billing techniques relate to the schedule of values
• Recognize the effects of successful change order management in determining construction project profitability
Prerequisites
This online self-study course was developed for professionals with 0-3 years of experience working in or in service to the construction industry. No prerequisites or advanced preparation is required for this Basic Level program.
CPE Credits
1 CPE credits
CPE/CCIFP Information
Earn 1.0 CCIFP Professional Development Credits toward the General or Construction Requirement.
Course Length
The estimated time to complete the course is approximately 60 minutes, depending on the pace of the learner.
Who Should Attend:
This course is for professional service providers who would benefit from a greater understanding of the financial aspects of construction projects, such as: CPAs, Auditors, Tax specialists, Business consultants, Sureties, Bankers, Software, Other profess
Topics:
Specialized Knowledge
