PICPA Construction Industry Conference

Examine accounting practices and management techniques that maximize profit and minimize financial risks in the construction industry.

7:15 a.m.   Sign into Webcast

7:45 a.m.   Greetings from PICPA Leadership

8:00 a.m.   The Pit and the Pendulum: An Economic Outlook
Anirban Basu
Chair & Chief Executive Officer | Sage Policy Group Inc.

Detailed, data-driven update of the global, national, and regional economic landscape
Key aspects of economic life
Trends characterizing financial, real estate, and labor markets
9:40 a.m.   Break

9:55 a.m.   Deep Dive into the WIP
David Kane
Vice President | The Shepherd Agency

How surety underwriters analyze financial statements, including job schedules and gross profit margin analysis (holds, fades, or gains)
Impact of margin fades or gains on your aggregate bond program
10:45 a.m.   Risk Mitigation Issues
Philip K. Glick, CPCU, RPLU
Senior Vice President | Conner Strong & Buckelew Companies

Christopher M. Grosso
Vice President, Senior Claim Consultant | Conner Strong & Buckelew Companies

Recent liability insurance marketplace changes for contractors
Premium challenges and significant accounting issues that need to be addressed
Important overage restrictions and limitations that affect contractors
Challenging claims and risk transfer issues
11:35 a.m.   Lunch Break

12:25 p.m.   Turning Project Managers into Business Managers
Joel E. Stinson
Consultant | FMI Corporation

Understand the financial impact of effective project controls, projected cash flow, and getting paid for all the work you do
Managing all aspects of the job through the use of innovative tools and leveraging key relationships with subcontractors, suppliers, and consultants
How to establish long-term clients through marketing and business development concepts
1:15 p.m.   Innovation: The World of Construction 2.0
Joel E. Stinson
Consultant | FMI Corporation

Stimulating innovative thinking at all levels of your organization: Why should industry leaders like Google, Facebook, and Apple have all the fun?
Types of innovation and what limits innovative thinking
Roles that management and accountability play in stimulating or stifling creativity and innovation
Key trends in innovative management theories, technologies, and macro-level innovations
2:05 p.m.   Break

2:20 p.m.   The Construction Jury Trial: An Interactive Case Study
Anthony L. Byler, JD
Partner | Cohen Seglias Pallas Greenhall & Furman

Shawn R. Farrell, JD
Partner | Cohen Seglias Pallas Greenhall & Furman

George E. Pallas, JD
Partner | Cohen Seglias Pallas Greenhall & Furman

Attendees act as jurors in this interactive construction dispute case study
Facts of a real case involving payment and performance issues will be presented
Opportunity to evaluate evidence in a court case between two construction companies
Legal and procedural issues exposed
Look inside the realities of a jury trial and the challenges contractors face every day
4:00 p.m.   Webcast Concludes

Basic Course Information

*Examine accounting practices and management techniques that maximize profit and minimize financial risks in the construction industry.

*The Pit & the Pendulum: An Economic Outlook*Deep Dive into the WIP*Risk Mitigation Issues*Turning Project managers into Business Managers*Innovation: The World of Construction 2.0*The Construction Jury Trial: An Interactive Case Study