Construction and Capital Project Risk and Compliance Are You Handing Your Contractor a Blank Check
Session Synopsis: Most accountants, especially internal auditors, know the importance of designing strong internal controls for their industries. They test them and make sure they work. Yet when it comes to spending millions and the enhanced risk arising from construction or other capital projects, too many organizations manage the financial risk with the same controls they use in their day-to-day business.
This training will help your organization avoid that pitfall by teaching you how to:
Speaker Bio: As practice leader for Wipfli LLP’s construction contract compliance services, Mark MacDonald leverages his more than 25 years of business and consulting experience to assist clients during the construction process Mark uses his unique background as a construction auditor and former controller and chief financial officer of a commercial contractor to assist owners in identifying areas for improvement in managing, monitoring, and controlling construction costs. He can be reached at 414.431.9312 or firstname.lastname@example.org.
- Implement sound controls for each of the three phases of construction: Preconstruction, Construction, and Project Closeout
- The methods contractors use to earn gross margins of eight percent or more when the contract limits the fee to two and one-half percent.
- Identify overcharges commonly found in each component of construction: labor, materials, subcontractor costs, construction equipment, insurance, and change orders
10000 Innovation Drive Suite 250
Milwaukee, WI 53226
2:30 to 3:00 - registration and light refreshments
3:00 to 5:00 - formal presentation time