Construction Industry Training Network (CITN)

Have high overhead costs, underbidding, and low productivity eaten up what remains of your modest profit margins? In this course, instructor Wayne Newell draws upon 35 years of financial and construction-contracting experience to help you recognize problem projects, identify unwanted expenses, increase productivity, manage overhead expenses, and address labour shortages.

Learn how to increase cash flow and improve profits! This course will teach you how to control and reduce expenses and covers contracting essentials from operations and labour productivity to finances. You’ll learn how to rid yourself of labour productivity concerns, high overhead costs, below-budget profits, and cash flow headaches.

Labour and technology are key factors affecting contractors in today’s marketplace and you’ll cover both in this course. A major issue facing contractors’ productivity today is the forecasted labour shortage by 2030. This course identifies 8 of the major causes and offers methods to resolve them with a focus on attracting young people to your company. Additionally, technology is pointing the way in improving productivity, eliminating inefficiencies, attracting younger workers, and making job sites safer. This course identifies some of the recent advances that benefit contractors including cloud computing, collaborative software, BIM, drones, wearables, and offsite and prefab construction.

This course includes real-world examples and insights drawing from Wayne’s 35-year career. Many of these will apply to your company: profit essentials, estimating, project management, labour productivity, people skills, materials, and tools management, change orders, job costing, overhead controls, cash flow, AR collections, risk management, asset controls and a host of others.

Plus, you will walk away with a comprehensive course manual filled with methods and strategies you need for your business and will be a future reference guide.

Attendance is encouraged for those who influence profits: owners, department and division managers, project managers and coordinators, field supervisors, administrators, and estimators. Since its introduction in 2003 over 1,200 construction professionals have benefited from this course.

Learning outcomes:

• Key strategies to improve profits, reduce/control costs and increase cash flow
• Understanding the elements of profit-making
• Managing labour productivity
• Understanding the causes and solutions of the skilled trades shortage
• Effective human resource policies and procedures
• Identifying new technology to improve productivity
• Understanding the risks and potential errors in estimating
• Controlling and/or reducing overhead costs
• Ensuring that billings and change orders are controlled
• Improving AR collections

Delivery Method: Virtual Session – Zoom Platform

Course Fee Includes: Access to the course, course materials, and a digital certificate upon completion.

This course is delivered in partnership with local and provincial construction associations across Canada. You will be participating with a group of industry peers from multiple regions. 

Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.

Prerequisites

There are no prerequisites to this course.

Who Should Attend

This session would be ideal for: 

• Project managers
• Coordinators
• Estimators
• Department heads
• Field superintendents
• Gold Seal candidates
• Senior managers
• Owners and
• Anyone who can influence project and company profits

Presenter: Wayne Newell

For over 35 years Wayne provided financial leadership to companies throughout Canada, the United States, and the Caribbean. Now retired, he was formerly a designated CMA (Certified Management Accountant). As your course developer and instructor, he has a deep background of experience in accounting - specifically in the area of construction contracting – and is enthusiastic about passing on his industry knowledge and insight. 

During his seminars, he discusses his experiences in implementing specific techniques, methods, and strategies used to help contracting companies increase profits, control and/or reduce costs and improve cash flows. In the past twenty years, Wayne has presented his exclusive Construction Management Courses to over 3,500 construction professionals from St. John’s to Victoria.  He was awarded his CMA designation in 1972.