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Construction Project Accounting

 

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 up-front 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 closeout means for you to score early and win.

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Construction Project Accounting

Agenda

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Construction Project Accounting

Faculty

Theran J. Welsh, CPA

Theran J. Welsh, CPA

SVA Certified Public Accountants

  • Partner with the SVA Certified Public Accountants group since 2005
  • Sole focus is on helping contractors create shareholder value, understand their cost structure to properly bid and win profitable work and assure their tax structure is a model that supports a sustainable organization
  • Thorough understanding of the contractor client’s acceptance of risk as most contractors do not go out of business on one job, usually it is a combination of trying to do too much with too little resources and being too impatient to take the time upfront in negotiating a contract and reducing risk integral to contract management
  • Experience can help financial executives of companies focused on executing demanding projects, deliver them on time, consistent with the contract they entered into with the customer to achieve a win-win solution for both parties
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Construction Project Accounting

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