Full Agenda

Agenda is in Eastern Standard Time (EST)

Each session is designated for CPE credits. Session titles & speakers are subject to change.

Monday, November 2, 2020

10:45 AM – 12:00 PM

Welcome & General Session: Strategic Trends/FMI Market Forecast

Speaker: Jason Baumgarten, FMI Corporation 

As contractors prepare to emerge in the post-Covid world, what current and emerging trends are you facing and how do you manage through these uncertain times. The COVID crisis demands immediate action against a range of potential future realities. Today’s decisions set the stage – good or bad – for 2021 and beyond. Weathering the current storm is not enough – leaders must confront the crisis today to capitalize on opportunities. FMI will provide insights into the construction industry’s most complex business challenges and what the contractor of the future should be doing to address them.

Learning Objectives:

  1. How should you implement the lessons learned from the Great Recession?
  2. What will be the Covid impacts on the construction industry?
  3. What bull and bear markets and segments will exist?
  4. Understand the business imperatives for not only surviving, but thriving in a post-Covid world.

This session is designated for 1 CPE credit in the field of Economics

12:00 PM – 12:15 PM

Industry Solution: Increase Your Profit Potential with Financials Purpose-Built for Construction

Improve the management of your bottom-line by understanding the cycles of manual, financial processes that erode project margins, efficiency, and team morale. In this session, we’ll explore the power of a connected platform as a tool to break these cycles, and understand the importance of investing in financial solutions designed to bridge the gap between office and field teams with accurate, real-time data.

12:15 PM – 12:30 PM

Break

12:30 PM – 1:30 PM

Concurrent Sessions

Innovating with Intelligent Operations in Small/Medium-sized Contractors

Speaker: Amanda Cole, Schuchart Corporation , Christian Geismann, Schuchart Corporation and Julian Gonzalez, Br.iq 

Contractors of all sizes and types have an opportunity to reinvent their operating models to allow them to better confront challenges they face and take advantage of efficiency improvements. The use of “Intelligent Operations” allows for the opportunity to run a business more efficiently while challenging the organization to improve integration between groups and various functions. Schuchart developed an “Intelligent Operations” task force within the Company’s innovation program to initiate a practical approach to confront inefficiencies and process gaps.

Schuchart and Briq will describe how any contractor can implement intelligent operations within their organizations without needing to dedicate a significant budget or have a specialized team on staff. Schuchart will present the various questions and issues they have identified and the platforms and processes they are using to solve. In-depth examples will include use of cloud-based tool Smartsheet to gather new sources of data and allow Schuchart to gather important insights, automated data integration tools to create seamless data flows between programs and functions, and illustrations of how advanced data analytics can give contractors greater knowledge and improved decision making.

Learning Objectives:

1.  Attendees will learn about the approaches within “intelligent operations” that Schuchart has adopted from McKinsey thought leadership. This includes lean process redesign, digitization, intelligent process automation, and advanced analytics. Examples will be presented to make these terms more practical.

2.  Attendees will have a greater awareness of the technology solutions that exist today and those that are being developed within each of the approaches. This includes “bots” for greater automation and integration, automated process workflows that are simple to program, and data analytics options.

3.  Attendees will be confronted with thought-provoking questions to allow them to consider how intelligent operations can be applied to their organizations and where they might be able to make gains in efficiency and operations.

This session is designated for 1 CPE credit in the field of Information Technology

Legal and Audit Protections for the Paycheck Protection Program

Speaker: Julie Pace, Gammage & Burnham

This session is designated for 1 CPE credit in the field of Business Law

1:30 PM – 1:45 PM

Industry Solution: How To Use Technology To Navigate A Down Market

In just 10 minutes, HCSS will share the 3 key activities we’ve seen customers focus on during a market downturn to not just survive but even earn new growth. A take-home guide will help you identify where your team can stop bleeding extra costs, mitigate risk at every level, and empower your field to proactively fix issues before they ever hit the financials.

1:45 PM – 2:15 PM

Break

2:15 PM – 3:30 PM

Concurrent Sessions

Taxes in a Year of Covid, Virtual Conferences, and Real Construction

Speaker: Jim Lundy, Marcum, LLP and Gary Stirbis, Moss Adams

This session will be an interactive discussion of the current income tax environment for Construction Contractors.

Learning Objectives:

  1. Review the impact to Construction Contractors of tax legislation and litigation in 2020.
  2. Provide an update on IRS policies and procedures as they relate to the construction industry.
  3. Review of Tried and True Construction Tax Planning and Strategies that never go out of style.

This session is designated for 1.5 CPE credits in the field of Tax

What’s Under the Hardhat: Mental Health & Wellbeing in the Construction Workplace

Speaker: Cal Beyer, CSDZ

Mental health and well-being are an invisible crisis in construction. Before the pandemic, the construction workforce had issues with mental health, substance use disorders and suicide risk. These issues have been exacerbated by the pandemic. Employees are the core strategic asset in human capital risk management. Many construction companies have been successfully addressing these “elephants in the room.” Has your company considered the hidden costs and risks of not adequately addressing mental and behavioral health of your workers? Learn how a holistic approach to well-being can reduce the serious risks associated with presenteeism.

Learning Objectives:

  1. Why mental and behavioral health is the invisible crisis in construction
  2. The hidden costs and risks of not addressing mental health in your company
  3. Why drug testing is no longer enough
  4. Impact of presenteeism on productivity, quality, risk and safety
  5. Understand how physical and mental health comorbidities escalate claim costs
  6. How to institute a holistic approach to well-being to reduce risks and costs

This session is designated for 1.5 CPE credits in the field of Specialized Knowledge

 

Tuesday, November 3, 2020

11:00 AM – 12:00 PM

General Session: Profit in Inclusion

Speaker: Mel Jones, JE Dunn

Do you still cringe when you hear the topic of Diversity & Inclusion? Are you more apprehensive on how to approach the subject today then you were last year?  Are you confused on how any of this makes financial since?  Please believe me you are not alone.

This presentation provides another perspective not often discussed and that’s the strong financial benefit of a well planned and executed inclusion program.

Learning Objectives:

  1. Demonstrate how proper inclusion is profitable
  2. Why Inclusion should be part of your business plan
  3. Tips to maximize and utilize your Diversity $ Inclusion Professionals

This session is designated for 1 CPE credit in the field of Personnel/Human Resources

12:00 PM – 12:15 PM

Industry Solution Demo: United Rentals

12:15 PM – 12:30 PM

Break

12:30 PM – 1:30 PM

Concurrent Sessions

Supply Chain & Profit Enhancement

Speaker: Joe Piro, Gilbane Building Company

When you can’t raise the bridge, lower the river. From mill to installation, profit pockets live in your supply chain but capturing them can be difficult. This session will focus on the key strategies for realizing hard savings that impact the bottom line. Specifically, we’ll discuss inventory control and shop stock, value-based price negotiation, balanced score-carding, upstream strategic sourcing alignment, integrated supply alternatives and the elimination of rogue/overspend.

Learning Objectives:

  1. In this session we will discuss inventory control and shop stock
  2. Value-based price negotiation, balanced score-carding and upstream strategic sourcing alignment
  3. Integrated supply alternatives and the elimination of rogue/overspend

This session is designated for 1 CPE credit in the field of Specialized Knowledge

What’s Next for Labor Law? The PRO Act, Union Organizing and More

Speaker: Ryan Poor, Ice Miller

With the recent passage of AB5 in California, and the Protecting the Right to Organize (PRO) Act passing the House of Representatives earlier this year, big changes in labor and employment law could be coming. This session will focus on how changes to the definition of employee and independent contractor, unfair labor practices, and other changes could affect the construction industry.

Learning Objectives:

  1. Get insight on what a second-term vs new administration priorities might be
  2. How union influence and the right to organize may change in the future
  3. The impact changes in labor law can have on construction employers

This session is designated for 1 CPE credit in the field of Business Law

 

1:30 PM – 1:45 PM

Industry Solution: Moss Adams Supports the Construction Industry

1:45 PM – 2:15 PM

Break

2:15 PM – 3:30 PM

Concurrent Sessions

Why Contractors Fail
Speaker: Carl Oliveri, Grassi & Co.

Construction company failures do occur, that is a reality. The session will revolve around a discussion about the red flags, financial and non-financial, you need to be aware of to identify a construction company on the brink of failure and how to navigate those murky waters.

Learning Objectives: The common red flags that a construction company in trouble would typically exhibit; develop a corrective action plan to limit the impact; understand the ramifications of a contractor failure.

This session is designated for 1.5 CPE credit in the field of Accounting

Managing Your Mobile Workforce

The construction workforce is highly mobile.   This session examines the contractor risks in per-diem expense accounting, accountable plan rules, and the confusing framework of compliance and proof that support employer deductibility and non-taxable treatment to employees.

Learning Objectives:

  • To better understand how to protect contractors and their employees from non-compliance costs associated with the failure to meet the stringent IRS accountable plan rules.
  • To better understand employee vs. independent contractor distinctions and defensive postures contractors can use to support their fringe benefit programs.
  • To assist your understanding of how to comply with IRS requirements but also address your business needs for performance incentives in a competitive market.

This session is designated for 1.5 CPE credits in the field of Information Technology

Wednesday, November 4, 2020

11:00 AM – 12:00 PM

General Session: Keeping Employees Engaged Amid Crisis

Speakers: Lisa Ryan, Grategy

The impact of COVID-19 has profoundly changed business as we know it. Not only did companies have to change many of their work practices, but employees have found they have lots more options when it comes to how, when, and where they can get their work done.

Even the term “workplace” has potentially become obsolete. Companies that never thought they could (or should) offer telecommuting opportunities have been forced to do so. Now, the place that employees work has merged with the places that they eat, sleep, exercise, play and raise their kids and pets.

Organizations that come out of this pandemic successfully are the ones that integrate and master digital work, community and collaboration. And yes, this does go for manufacturing plants. Workers may still have to show up to run production, but their mindset has probably expanded to adjust and adapt to new ways of using technology and communicating with each other and with leadership. It’s essential for you to have strategies to help employees deal with the fear, frustration, and uncertainty of the new work environment.

Good news! By participating in this program your participants will discover:

• How the pandemic has changed business for good – and how to take
advantage of those changes.
• How to relate to employees from both a personal and professional standpoint
during trying times.
• Why communication is more critical than ever before – and how to make sure
you’re doing it the right way.
• Why ignoring employees’ personal challenges will come back to haunt you.

It’s going to be awhile before we figure out what the “next” normal is going to be, but whatever those changes are – there is no more “business as usual.” In the case of COVID-19, the only thing we know for certain is that things are going to change. In this online training program, you’ll learn what it takes to connect with and KEEP your employees from becoming someone else’s.

This session is designated for 1 CPE credit in the field of Personnel/Human Resources

12:00 PM – 12:15 PM

Industry Solution: Unlock the Power of Your Data with Construction Essentials

We’re experiencing unprecedented and uncertain times right now. Finance teams feel the pressure more than anyone to make the right decisions for the future of the business. In response to current events, Prophix has created a turnkey solution that allows contractors of all types to see and react to changes happening daily in our fully automated, web-based platform

12:15 PM – 12:30 PM

Break

12:30 PM – 1:30 PM

Concurrent Sessions

Fraud Management & Cyber Crime

Speaker: Christopher Wilkinson, Crowe LLP and Chris McClure, Crowe LLP

With the growing use of technological advances, reduced staffing, and market conditions, the opportunities for fraud and cyber security are increasing. As attacks against data and information systems become more prevalent and malicious, it’s no longer a question of whether an attack will succeed, but when. For an organization to seize the opportunities of leveraging technology, it must strike the right balance between risk reduction, cost, and enabling the freedom to innovate. This balance needs to reflect the nature of the organization; as technology becomes increasingly critical we are seeing firms implementing a more pragmatic, proportionate approach that is focused on the most material areas of cyber risk and reflects the changing nature of the cyber threat and technological opportunity. The increasing use of technology doesn’t only impact cyber security, but also creates an opportunistic environment for internal and external fraudulent activities. This session will provide the principles for managing the risk of becoming a victim of cyber security as well as internal and external fraudulent activities. We will discuss establishing a control environment, techniques to help prevent or reduce the chance of fraud or cyber-attacks, and detection techniques to use when a fraud and/or cyber-attack event has occurred.

This session is designated for 1 CPE credit in the field of Information Technology

Surety Update

Speaker: Chris Murphy, Travelers

This session will provide an overview of the surety industry, and observations and insight on various aspects of the construction industry.

Learning Objectives:

  1. Discussion on COVID impact on the industry, and on major buyers of construction services
  2. Surety company/industry performance year-to-date, with discussion on key issues surrounding the business
  3. Impact of ASC 606 adoption
  4. Outlook for market behaviors in smaller construction marketplace.

This session is designated for 1 CPE credit in the field of Specialized Knowledge

1:30 PM – 1:45 PM

Industry Solution Demo: COMDATA

1:45 PM – 2:15 PM

Break

2:15 PM – 3:30 PM

Concurrent Sessions

Financial Markets Update
Speaker: H. Edward Shill, QCI Asset Management Inc.

Find out more about the overall state of the economy and financial markets and how best to structure your investment strategy. Topics will include discussions on the stock market, interest rates, individual stocks, and selected investment ideas for the balance of 2020 and into 2021.

Learning Objectives:

  1. Attendees will walk away with up-to-the-minute conversations about the state of the economy and the outlook for financial markets.
  2. Attendees will walk through how to contain risk in investment portfolios, whether it be their own IRA or 401-K plans or company plans where they may have fiduciary responsibilities.
  3. Attendees will see first hand how not to engage in typical, money losing, behaviors.

This session is designated for 1.5 CPE credits in the field of Finance

Legal Trends Impacting the Construction Industry’s Bottom Line

Speaker: Harry Z. “Zack” Rippeon III, Partner, Smith Currie

It isn’t easy being an employer these days, let alone a construction employer. Amid a hodgepodge of state and local laws and litigation, trends are emerging across the country for construction employers—from construction defects and design liability litigation to wage theft and paid leave laws. Is your business prepared for the ensuing risks? During this session, attendees will hear about several of these trends and ways construction employers can mitigate their risk.

This session is designated for 1.5 CPE credits in the field of Business Law

Thursday, November 5, 2020

11:00 AM – 12:00 PM

General Session: Inside the Political Circus

Speaker: Matt Turkstra, Director of Congressional Relations, Tax, Fiscal Affairs, and Accounting, AGC of America

This session will provide an inside look at Washington, D.C. and its continued dysfunction, and what the spending decisions, tax debate, infrastructure proposals, health care changes, and pension and retirement reform mean to companies competing to be profitable in the construction industry.  Matt Turkstra of the Associated General Contractors of America looks at the construction policy agenda in Congress for this fall and how the 2020 Presidential election will impact the legislative agenda for Congress and the Administration in 2020 and beyond.

Learning Objectives:

At the end of this session, participants will be able to:

  1. Understand political trends driving decision making in Washington, DC and beyond.
  2. Identify policy priorities of the incoming/second term Presidential administration and the next Congress.
  3. Understand the impact of 2021 fiscal policies on construction employers.

This session is designated for 1 CPE credit in the field of Specialized Knowledge

12:00 PM – 12:15 PM

Industry Solution: myCOI

12:15 PM – 12:30 PM

Break

12:30 PM – 1:30 PM

Concurrent Sessions

FASB Update for the Construction Industry
Speaker: Jim Kroeker, Financial Accounting Standards Board

Like other industries, the construction industry is experiencing significant changes in financial reporting including change driven by the effects of the coronavirus pandemic. During this session, FASB Vice Chairman Jim Kroeker will look at how the FASB is helping stakeholders successfully navigate new and existing accounting rules during this period of uncertainty. He’ll also discuss how the Board is ensuring major accounting standards, such as leases, are performing up to expectation through the Board’s post-implementation review process, and provide an overview of key projects on the FASB’s agenda.

At the end of this session, participants will be able to:

  1. Identify 1-2 actions taken by FASB to support stakeholders since the onset of the COVID-19 pandemic
  2. Identify 1-2 objectives of the FASB’s Post-Implementation Review (PIR) process
  3. Identify 1-2 FASB projects currently under PIR review.

This session is designated for 1 CPE credit in the field of Accounting

CFO Panel Discussion
Speaker: Dave Allison, Beth Soukup, Scott Parker and Tom Humbert

Moderator: Alex Miller, FMI

Our panel of four ENR Top 400 Contractors moderated by FMI’s Alex Miller will discuss such topics as the evolving role of the CFO, implications of COVID-19 on construction companies in 2020 and beyond and lessons learned from prior recessions that can be applied to the current recessionary period.

Learning Objectives:

  1. Attendees will learn how leading construction organizations and their CFOs work through the risks and opportunities of recessionary times,
  2. How the panelists’ unique backgrounds prepared them for their role as CFO, and
  3. What this unique COVID-19 work environment did to possibly create a paradigm shift in the business of construction.

This session is designated for 1 CPE credit in the field of Management Services

1:30 PM – 2:00 PM

Break

2:00 PM – 3:30 PM

Roundtable Breakouts

Tax & Accounting Roundtable

Speakers: Jim Lundy, Marcum, LLP and Tim Wilson, BKD, LLC

Interactive panel/participant program addressing hot issues relative to income tax strategies and techniques, procedures to adopt and adapt to changes with focus on questions from conference participants.

Learning Objectives:

  1. Tax calculations and considerations related to the CARES Act and PPP forgiveness
  2. Pre-yearend tax planning ideas, tricks and traps
  3. Post-Election impact on Construction Contractors and their taxes.

This session is designated for 1.5 CPE credits in the field of Tax

Construction Business Issues Roundtable

Speakers: Dave Allison, Crossland Constuction and Richard Forrestel, Cold Spring Construction

With more than 70 years of combined experience, we’ve seen a lot of transactions, transitions, failures and successes. During our current Covid-19 recessionary times, construction businesses are experiencing both historically familiar challenges and unique new challenges. Whether in a family-owned or corporate-style business environment, our moderators will lead the discussion on critically important issues to survive the recession and hopefully thrive in the future. So please join us for this interactive session.

Learning Objectives:

At the end of this session, participants will learn from discussions with their peers and session leaders of techniques for handling today’s construction business issues.

This session is designated for 1.5 CPE credits in the field of Specialized Knowledge

Technology Roundtable

Speakers: Carl Franseen, United Infrastructure Group and Julian Gonzalez, Br.iq

The construction technology landscape is entering a new era – paving the way for a more connected future during the project lifecycle. Leaders see how technologies are changing the game with efficiencies, cost savings, data capture and reporting. Many of us are responsible for, or involved with, how to innovate practices for accounting, operations, security and compliance. With the next phase of the construction information technology revolution around the corner, are you ready? This roundtable discussion will focus on strategy, budget, implementation, products and the challenges of keeping up as consumer tech evolves.

This session is designated for 1.5 CPE credits in the field of Information Technology

The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

The Certified Construction Industry Financial Professional (CCIFP) designation is the only standard to recognize financial professionals who truly know the business of construction. Credits earned at this conference are eligible toward CCIFP recertification requirements.

ABOUT THE CONFERENCE

The Construction Financial Management Conference is jointly sponsored by the Associated General Contractors of America (AGCofA) and the Construction Financial Management Association (CFMA). This conference is specifically for financial professionals in the construction industry to dialogue and address situations unique to the industry.

If you are an owner, CFO, controller, CPA, auditor, consultant, banker, surety or legal professional … this conference is for you.

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