Profit Fade

This course is no longer active
Presented by Engineering News-Record, Sponsored by Viewpoint Construction Software

Learning Objectives:

  1. Review the most critical issues in maintaining contractor profitability for a single project.
  2. Review the most important ideas regarding costs, bidding strategies, and key measures used by sureties.
  3. Identify the optimum methods of communication/preparation of site supervisors.
  4. Show that profitable operation is a management skill requiring coordination of many different activities.

Credits:

AIA
1 AIA LU/Elective
PDH
1 PDH*
The final stages of a project often deliver a disappointing surprise: The profits predicted for the project have evaporated. For contractors, profit fade can prove to be a devastating blow, crippling the ability to book future work and undermining the confidence of sureties and bank lenders. In this special webinar, ENR and its panelists will explore how to trace profit fade to change orders, inflated and unforeseen costs of problems in management and communication. We will ask what the signs are of estimating errors, whether cross-project analysis is worth the effort, how field personnel can accurately measure and report costs and progress and what sureties are most concerned about when it comes to a contractor recognizing revenue.

 

Viewpoint Construction Software Viewpoint Construction Software has translated over 30 years of intense focus and collaboration with the construction industry into a rock-solid software platform that helps construction professionals efficiently manage finance and operations.

 

Originally published in November 2010

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