Five Secrets to Healthier Cash Flow for Subcontractors

May 1, 2024 - 3:00 PM (ET) - Live, Online
Hosted by CFMA

About this Event

Wednesday, May 1, 2024
3-4 PM (EDT), 12-1 PM (PST)

As a subcontractor, ongoing concern about financing your clients’ projects is paramount. You’re funding the job and doing the work before you’re paid — and getting paid isn’t easy. In fact, only 5% of subcontractors report being paid on time consistently, and the average invoice age in construction is 90 days — it’s time subcontractors buck the status quo. During this webinar, subcontractors will gain valuable insights and practical tips on how to improve their cash flow on projects. Learn the top five insider tips for getting paid faster and managing cash flow better on projects. With the knowledge gained, attendees can identify and address the main causes of payment delays, enhance their financial management skills, and ultimately improve their company’s bottom line.

After this session, attendees will be able to:

  • Identify and address the main causes of payment delays.
  • Proactively manage change orders to minimize costs and maximize profits.
  • Expertly leverage billing projections to better understand future backlog.
  • Improve collaboration between project managers and the back office for more efficient billing processes.
  • Ensure a successful closeout by collecting retention payments in full.

Level & Prerequisites
This is a group-internet webinar at the Basic Level. No prerequisites or advanced preparation required. 

CPE Information 
Earn 1.0 CPE credit in the field of Management Services. Please note that CPE credit can only be earned by attending the live session and is not available by watching the recording. 

CCIFP Information
Earn 1.0 CCIFP Professional Development credit toward the General or Construction Requirement.

 Who Should Attend?

  • CFOs
  • Construction Managers
  • Controllers
  • CPAs
  • Professional Advisors

Featured Speakers

Price

Members: Free
Non-members: $69.00

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