Full Agenda
Agenda is in Pacific Standard Time (PST)
Each session is designated for CPE credits. Session titles & speakers are subject to change.
This is a tentative schedule of events. Please be aware that the start and end times for some events overlap. Please click on the session titles below for more information on each specific session.
Wednesday, November 2, 2022
CFO Roundtable
Speakers:
David Allison, Crossland Construction Company
Brad Davis, VCC
Beth Soukup, J.E. Dunn
Jason Baumgarten, FMI Consulting (Moderator)
Leaning Objectives:
- What are the greatest risks and challenges facing construction companies as seen through the CFO role.
- How leading construction organizations and their CFOs are managing these risks and opportunities in the current financial and business environment.
- The changing landscape of the CFO role and how the panelists’ unique backgrounds prepared them for their roles as CFO.
Sponsored by:
Sponsored by:
This session will explore the most common causes of contractor failure and what construction companies can do to prevent or resolve them in today’s economic climate. Attendees will learn the conditions that contribute to a failure and the resulting ripple effect on the contractor’s stakeholders, subcontractors, service providers, and other related parties. The presentation will also cover strategies and best practices to avoid contractor failure, including cash flow management, change order management, succession planning, and cybersecurity, as well as the lingering effects and impacts of COVID-19. Attendees will take away lessons learned from a real-life example of a general contractor’s failure and learn how to identify red flags in their own operational and financial conditions.
Speaker:
Carl Oliveri, GRASSI | Advisors & Accountants
Learning Objectives:
- Define “contractor failure” and its multifaceted impact on contractors and related parties.
- Identify the most common causes of contractor failure.
- Understand effective solutions to each of the most common causes of contractor failure.
- Explore the looming risk of failure posed by cyber threats.
- Examine a real-life example of contractor failure and lessons learned.
This session will cover updates to tax legislation, litigation, and regulation related to construction contractors and their tax compliance. Additionally, this session will include a discussion of construction best tax practices and a review of the tricks and traps available to contractors and their advisors.
Speaker:
Jim Lundy, Marcum LLP
Learning Objectives:
- Participants will be updated on the latest tax legislation related to their construction clients and their industry.
- Attendees will also discuss best tax practices for construction contractors to reduce or defer income taxes.
- Recent IRS initiatives and inquiries related to construction company taxes and compliance will also be reviewed.
Redesigned environments, new expectations by team members and from leadership, and new opportunities define today’s landscape for leaders. However, there isn’t a playbook for leading through this type of change which will require today’s leaders to design their own leadership journey and approach.
Traditional leadership resources have always served as valuable resources, covering such topics as best practices in communication, self-awareness, influence, and persuasion. However, a shift in values, work ethic, and expectations will require today’s leaders to lead from within. To design and curate their own leadership style. During this engaging session, our facilitator will lead the audience through a practical process of designing a personal and effective leadership path, inclusive of tangible examples and support materials.
Speaker:
Brian Riggs, Riggs Enterprise
Leaning Objectives:
- Define the five domains of modern leadership.
- Identify the steps that tomorrow’s leaders can take to design their own leadership path, including actionable items and tools.
- Identify the three benefits of creating and delivering a personal brand within the company, while leading your team in a collective and internal branding effort.
This session will outline how the insurance procurement process works. Construction-specific insurance will be discussed and compared to standard corporate-level insurance. The session will also include an insurance market overview along with a discussion around current and future project risks and areas of concern.
Speakers:
Tyler Henson, J.E. Dunn
Megan Remley, Lockton Companies
Learning Objectives:
- Learn how the insurance procurement process works.
- Explain the differences between construction-specific insurance and standard corporate insurance.
- Give a high-level insurance market overview.
- Present some of the nuances of what is covered and is not covered under construction insurance.
- Discuss current and future issues of concern.
Sponsored by:
Inside the Political Circus
This session will provide an inside look at Congress, the White House, and the regulatory agencies, and will analyze how decisions made in Washington, D.C. impact the rest of the country. Matt Turkstra of the Associated General Contractors of America will look at the construction policy agenda in Congress and the Biden Administration and discuss how the latest proposals, regulations, and laws on taxes, infrastructure, labor, environmental regulation, and more will impact the industry in 2022 and beyond.
Speakers:
Jimmy Christianson, AGC of America
Matt Turkstra, AGC of America
Learning Objectives:
- Understand political trends driving decision making in Washington, D.C. and the country in general.
- Identify policy priorities of the Biden administration and Congress.
- Understand the impact of fiscal and regulatory policies on construction employers.
Sponsored by:
Sponsored by:
Concurrent Sessions [Repeated]
This session will explore the most common causes of contractor failure and what construction companies can do to prevent or resolve them in today’s economic climate. Attendees will learn the conditions that contribute to a failure and the resulting ripple effect on the contractor’s stakeholders, subcontractors, service providers, and other related parties. The presentation will also cover strategies and best practices to avoid contractor failure, including cash flow management, change order management, succession planning, and cybersecurity, as well as the lingering effects and impacts of COVID-19. Attendees will take away lessons learned from a real-life example of a general contractor’s failure and learn how to identify red flags in their own operational and financial conditions.
Speaker:
Carl Oliveri, GRASSI | Advisors & Accountants
Learning Objectives:
- Define “contractor failure” and its multifaceted impact on contractors and related parties.
- Identify the most common causes of contractor failure.
- Understand effective solutions to each of the most common causes of contractor failure.
- Explore the looming risk of failure posed by cyber threats.
- Examine a real-life example of contractor failure and lessons learned.
This session will cover updates to tax legislation, litigation, and regulation related to construction contractors and their tax compliance. Additionally, this session will include a discussion of construction best tax practices and a review of the tricks and traps available to contractors and their advisors.
Speaker:
Jim Lundy, Marcum LLP
Learning Objectives:
- Participants will be updated on the latest tax legislation related to their construction clients and their industry.
- Attendees will also discuss best tax practices for construction contractors to reduce or defer income taxes.
- Recent IRS initiatives and inquiries related to construction company taxes and compliance will also be reviewed.
Redesigned environments, new expectations by team members and from leadership, and new opportunities define today’s landscape for leaders. However, there isn’t a playbook for leading through this type of change which will require today’s leaders to design their own leadership journey and approach.
Traditional leadership resources have always served as valuable resources, covering such topics as best practices in communication, self-awareness, influence, and persuasion. However, a shift in values, work ethic, and expectations will require today’s leaders to lead from within. To design and curate their own leadership style. During this engaging session, our facilitator will lead the audience through a practical process of designing a personal and effective leadership path, inclusive of tangible examples and support materials.
Speaker:
Brian Riggs, Riggs Enterprise
Learning Objectives:
- Define the five domains of modern leadership.
- Identify the steps that tomorrow’s leaders can take to design their own leadership path, including actionable items and tools.
- Identify the three benefits of creating and delivering a personal brand within the company, while leading your team in a collective and internal branding effort.
This session will outline how the insurance procurement process works. Construction-specific insurance will be discussed and compared to standard corporate-level insurance. The session will also include an insurance market overview along with a discussion around current and future project risks and areas of concern.
Speakers:
Tyler Henson, J.E. Dunn
Megan Remley, Lockton Companies
Learning Objectives:
- Learn how the insurance procurement process works.
- Explain the differences between construction-specific insurance and standard corporate insurance.
- Give a high-level insurance market overview.
- Present some of the nuances of what is covered and is not covered under construction insurance.
- Discuss current and future issues of concern.
Sponsored by:
Construction cases are won and lost with the documents, and having consistent project documentation and asking the right questions early saves millions in litigation costs.
Speakers:
Zack Rippeon, Smith Currie & Hancock LLP
Lauren Abeyta, Construction Discovery Experts
Learning Objectives:
- Establish consistent project documentation policies and QC audits across your organization.
- Reduce outside counsel and vendor costs by quickly identifying necessary documentation for litigation.
- Understand the mechanics and costs that can swing a litigation budget.
- Effectively advise the business on which data actually needs to come into play based on the claim.
You have all of this data, but how can you get more value out of it? This session will share best practices for gathering data for impactful metrics to improve operations.
Speakers:
Brendan King, Suffolk Construction
Melanie Tucker, J.E. Dunn
Learning Objectives:
- Convergence of Accounting, Finance, Data Science, and IT.
- Data Gathering Best Practices, joining operations to the office.
- Data Visualization Best Practices, Resources, and Emerging Technologies.
- Data Analytics Best Practices, keeping it simple.
This session will focus on the intersection of cyber and financial fraud schemes. Often times, computer related fraud schemes come into your company in the form of a malicious email where criminals have compromised one of your vendor’s accounts. What makes this such a rich opportunity for scammers is there’s rarely a need to be a highly skilled hacker. If your internal procedures are not followed or are not documented correctly, this could lead to hundreds of thousands of dollars being sent to bad-actors. Your employees could also perpetrate these schemes or even be being extorted to do so. We will discuss the current impacts, schemes, and proactive measures you can take to combat all forms of fraud, regardless of how it begins.
Speakers:
Bryan Callahan, FORVIS
Cy Sturdivant, FORVIS
Learning Objectives
- Explore current and emerging trends in fraud
- Identify the importance of protecting against fraud from both internal and external threats
- Explain the financial professional’s role in combatting fraud from an internal controls perspective
- Identify fraud prevention techniques that can be applied in your own organization
Find out more about the overall state of the economy, financial markets, and how best to structure your investment strategy. Topics for discussion will include the stock market, interest rates, individual stocks, and selected investment ideas for the balance of 2022 and into 2023.
Speakers:
Ed Shill, QCI
Learning Objectives:
- Candid, up-to-the-minute conversations about the state of the economy and the outlook for financial markets.
- Learn to contain risk in investment portfolios whether they be in individual IRAs, 401k plans, or company plans with fiduciary responsibilities.
- How to avoid typical money-losing behaviors.
Sponsored by:
Thursday, November 3, 2022
Sponsored by:
When injuries happen in construction, it can cost millions of dollars. How do we mitigate and try to eliminate that risk? And how can the convergence of construction and insurance technologies be utilized to make it happen? In this keynote, James Benham shares how the cost of risk can be driven down by construction companies’ technology adoption and collaboration with insurance carriers. Together, this convergence can make construction projects more safe, compliant and profitable.
Speaker:
James Benham, JBKnowledge
Learning Objectives:
- Review technologies and their impact on a company’s risk profile
- Review the ROI of technologies and how improving risk can also improve profitability and productivity
- Discuss the future of tech and risk and what technologies appear to be future game changers
Sponsored by:
Construction cases are won and lost with the documents, and having consistent project documentation and asking the right questions early saves millions in litigation costs.
Speakers:
Zack Rippeon, Smith Currie & Hancock LLP
Lauren Abeyta, Construction Discovery Experts
Learning Objectives:
- Establish consistent project documentation policies and QC audits across your organization.
- Reduce outside counsel and vendor costs by quickly identifying necessary documentation for litigation.
- Understand the mechanics and costs that can swing a litigation budget.
- Effectively advise the business on which data actually needs to come into play based on the claim.
You have all of this data, but how can you get more value out of it? This session will share best practices for gathering data for impactful metrics to improve operations.
Speakers:
Brendan King, Suffolk Construction
Melanie Tucker, J.E. Dunn
Learning Objectives:
- Convergence of Accounting, Finance, Data Science, and IT.
- Data Gathering Best Practices, joining operations to the office.
- Data Visualization Best Practices, Resources, and Emerging Technologies.
- Data Analytics Best Practices, keeping it simple.
This session will focus on the intersection of cyber and financial fraud schemes. Often times, computer related fraud schemes come into your company in the form of a malicious email where criminals have compromised one of your vendor’s accounts. What makes this such a rich opportunity for scammers is there’s rarely a need to be a highly skilled hacker. If your internal procedures are not followed or are not documented correctly, this could lead to hundreds of thousands of dollars being sent to bad-actors. Your employees could also perpetrate these schemes or even be being extorted to do so. We will discuss the current impacts, schemes, and proactive measures you can take to combat all forms of fraud, regardless of how it begins.
Speakers:
Bryan Callahan, FORVIS
Cy Sturdivant, FORVIS
Learning Objectives
- Explore current and emerging trends in fraud
- Identify the importance of protecting against fraud from both internal and external threats
- Explain the financial professional’s role in combatting fraud from an internal controls perspective
- Identify fraud prevention techniques that can be applied in your own organization
Find out more about the overall state of the economy, financial markets, and how best to structure your investment strategy. Topics for discussion will include the stock market, interest rates, individual stocks, and selected investment ideas for the balance of 2022 and into 2023.
Speakers:
Ed Shill, QCI
Learning Objectives:
- Candid, up-to-the-minute conversations about the state of the economy and the outlook for financial markets.
- Learn to contain risk in investment portfolios whether they be in individual IRAs, 401k plans, or company plans with fiduciary responsibilities.
- How to avoid typical money-losing behaviors.
Sponsored by:
Attendees will learn about mental health and mental fitness to help them improve team performance, positivity, and physical and mental fitness through team cohesion tactics and cognitive literacy while improving paths to professionals and resources.
Speaker:
Chad Pearson, Plexxis Software
Learning Objectives:
- Describe the difference between mental health and mental fitness.
- Identify two systems to focus on balancing to improve mood without pharmaceuticals.
- Identify four types of recovery for which you can plan to improve mental fitness.
- Describe at least three tactics teams can use to create environments that improve mental fitness.
Speaker:
Priya J. Kapila, FMI
Learning Objectives
- Gain insights from the latest FMI research on industry compensation and talent trends
- Learn how to create a competitive advantage in recruitment and retention
- Understand the components of the employee value proposition and how to optimize the ones that matter most
Knowing all of your costs is vital to running a successful construction company. Indirect job costs are not always accounted for properly.
Speaker:
Bob Biehl, GBQ Partners LLC
Learning Objectives
- How accurate job costing fits into the entire construction process.
- The different types of costs–direct, indirect, equipment, selling, and general and administrative costs–and how to account for each type under GAAP.
- How to properly account for under/over allocated indirect and equipment costs.
- The impact of NOT allocating all indirect and equipment costs to contracts on the percentage-of-completion and to loss contracts.
- The importance of not reconciling open and closed job schedules to the financial statements.
Join our presenters for an engaging update on leases as well as revenue recognition. The presenters will also dive into a market update, including key industry topics that are on the minds of construction CFMs.
Speaker:
Jason Myers, FORVIS
Dan Miles, FORVIS
Learning Objectives
- Explain recent developments regarding leases and revenue recognition
- Incorporate current construction industry hot topics into conversation
- Recognize the benefits of proactive exploration of discussed topics
Sponsored by:
With explosive inflation, talent shortages, turnover, and escalating labor costs this year, attracting and retaining top talent has never been more difficult. By studying what we’ve been through, and trends on the horizon, we may have the chance to “reset” hiring and compensation strategies for years to come, and improve results. This session will explore both successful, and not so successful, hiring processes and compensation programs that impact your success in attracting and retaining talent. We’ll also explore pay practice research, trends, and strategies, as well as hiring processes, that can make a positive impact in attracting and retaining top performers.
Speakers:
Kathy Cole, DK Cole Company
Jeff Robinson, PAS, Inc.
Learning Objectives
- Identify current market trends that affect your overall compensation program and how they impact our mission to recruit, retain, and engage. Identify pay trends and what to look for as trigger points on escalation and eventually stagnation issues. Hear what your next round of pay increases need to be to stay competitive.
- Understand those behaviors that sabotage pay program effectiveness, including pay compression and the negative impact on your employee and company’s well being
- Learn to handle compensation conversations with potential candidates throughout the hiring process, understand how to interpret candidate behavior, and avoid wasting valuable time and energy.
- Examine motivators of top performers, how to pay them, and how to attract them.
- Understand how your employer brand can make or break your success in attracting top performers.
Sponsored by:
Concurrent Sessions [Repeated]
Attendees will learn about mental health and mental fitness to help them improve team performance, positivity, and physical and mental fitness through team cohesion tactics and cognitive literacy while improving paths to professionals and resources.
Speaker:
Chad Pearson, Plexxis Software
Learning Objectives:
- Describe the difference between mental health and mental fitness.
- Identify two systems to focus on balancing to improve mood without pharmaceuticals.
- Identify four types of recovery for which you can plan to improve mental fitness.
- Describe at least three tactics teams can use to create environments that improve mental fitness.
Tumultuous recent years have done little to turn the tide of labor constraints and wage pressure throughout the construction industry; it’s no surprise then that the employee experience – that is, all aspects of how individuals work and how they are recognized for their contributions – is a top priority among executives. From the challenges of recruiting new talent into the industry to mitigating the risk of poaching of high performers, what can companies do to attract and keep top talent? This presentation will share FMI’s latest insights on talent and compensation and offer recommendations on what companies can do now to address employees’ needs and expectations.
Speaker:
Priya J. Kapila, FMI
Learning Objectives
- Gain insights from the latest FMI research on industry compensation and talent trends
- Learn how to create a competitive advantage in recruitment and retention
- Understand the components of the employee value proposition and how to optimize the ones that matter most
Knowing all of your costs is vital to running a successful construction company. Indirect job costs are not always accounted for properly.
Speaker:
Bob Biehl, GBQ Partners LLC
Learning Objectives
- How accurate job costing fits into the entire construction process.
- The different types of costs–direct, indirect, equipment, selling, and general and administrative costs–and how to account for each type under GAAP.
- How to properly account for under/over allocated indirect and equipment costs.
- The impact of NOT allocating all indirect and equipment costs to contracts on the percentage-of-completion and to loss contracts.
- The importance of not reconciling open and closed job schedules to the financial statements.
Join our presenters for an engaging update on leases as well as revenue recognition. The presenters will also dive into a market update, including key industry topics that are on the minds of construction CFMs.
Speaker:
Jason Myers, FORVIS
Dan Miles, FORVIS
Learning Objectives
- Explain recent developments regarding leases and revenue recognition
- Incorporate current construction industry hot topics into conversation
- Recognize the benefits of proactive exploration of discussed topics
Sponsored by:
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.
Speakers:
Jim Lundy, Marcum LLP
Kelli Franco, Moss Adams
Learning Objectives:
- Group learning on a variety of tax topics that are effecting your peers.
- Tax planning ideas, tricks and traps in lieu of uncertainty.
- Recap of hot tax topics going into the end of 2022.
Speakers:
Richard Forrestel, Cold Spring Construction Company
David Allison, Crossland Construction Company, Inc.
Learning Objectives:
- Attendees will learn how CFOs in various companies deal with the complexities of our occasionally not very pretty industry.
- Discuss topics experienced in daily life to see how others are handling similar issues.
- Analyze and review current trends: inflation, staffing, contract complexity, insurance, and bonding.
- Highlight succession planning and business continuation issues.
Speakers:
Michael Guerra, Procore
This will be a thought provoking roundtable session discussing a wide range of topics facing construction industry financial professionals. We will cover many areas such as Financial Processes, Post-Pandemic Issues, Human Resources, Succession Planning, and Technology. Come be a part of this key discussion and learn how to leverage best practices for success from your peers.
Speakers:
Jason Myers, FORVIS
Mike Trammell, FORVIS
Learning Objectives
- Explore current construction industry financial/operational hot topics
- Describe best in class ideas for being proactive in these areas
- Collaborate on ideas to leverage industry tools/ideas for the benefit of participants
Sponsored by:
Sponsored by:
Friday, November 4, 2022
Sponsored by:
What accounting changes are in store for construction industry finance professionals through the end of 2022 and beyond? What should you prepare for? Financial Accounting Standards Board (FASB) Vice Chairman Jim Kroeker will share everything you need to know—and how you can make your voice heard during the standard-setting process.
Speaker:
Jim Kroeker, FASB
Learning Objectives
- Identify 3-5 agenda projects that emerged from the FASB’s 2021 Agenda Consultation process and progress made to date
- Understand how the FASB is working to improve major standards, including leases, through its Post-Implementation Review (PIR) process
- Identify 1-3 new and soon-to-be issued standards and proposed standards.
Sponsored by:
The purpose of this session is to humanize an increasingly popular discussion that is otherwise at risk of becoming a rote phrase in construction: diversity and inclusion (D&I). This presentation shares a snapshot of D&I in construction and suggests how it can be approached differently to generate more authentic, effective, and inclusive conversations. Lastly, there will be a few exercises and tactical takeaways that every person can try within their organization.
Speaker:
Martell Dyles, J.E. Dunn
Learning Objectives:
- Current state of D&I in the construction industry.
- Discuss ways to humanize D&I in the industry.
- Present practical takeaways to implement in your company.
This session will provide a broad overview of the conditions and key drivers of the U.S. economy.
Speaker:
Alan Maguire, The Maguire Company
Learning Objectives:
- Discuss the key drivers of economic expansion or recession.
- Highlight recent events and policy actions that have shaped current and near-term conditions.
- Present the likely direction of the U.S. economy over the next 12-18 months.
- Identify specific economic data points to watch as signals of near-term direction.
Sponsored by:
Climate change is transforming the expectations that regulators, clients, investors, and communities have for the construction industry—this has critical implications for financial professionals. Contractors are under increasing pressure to quantify their greenhouse gas (GHG) emissions, whether to comply with regulatory reporting requirements, respond to supplier questionnaires, or meet customer requirements for environmental product declarations. Attend this session to learn more about climate-related financial disclosures, the challenges ahead for businesses, and how to prepare for successful adaptation.
Speaker:
Raven Adams, Granite Construction
Learning Objectives:
- Identify the key impacts that stakeholder expectations around climate change may have on businesses.
- Identify key regulatory trends and developments related to climate change, including the SEC’s proposed rule on climate-related disclosures, with a focus on implications for financial professionals.
- Understand the basics of climate-related disclosures.
- Understand the basics of corporate GHG emissions quantification and reporting.
- Gain insights from one construction company’s journey in sustainability and GHG reporting.
Concurrent Sessions [Repeated]
The purpose of this session is to humanize an increasingly popular discussion that is otherwise at risk of becoming a rote phrase in construction: diversity and inclusion (D&I). This presentation shares a snapshot of D&I in construction and suggests how it can be approached differently to generate more authentic, effective, and inclusive conversations. Lastly, there will be a few exercises and tactical takeaways that every person can try within their organization.
Speaker:
Martell Dyles, J.E. Dunn
Learning Objectives:
- Current state of D&I in the construction industry.
- Discuss ways to humanize D&I in the industry.
- Present practical takeaways to implement in your company.
This session will provide a broad overview of the conditions and key drivers of the U.S. economy.
Speaker:
Alan Maguire, The Maguire Company
Learning Objectives:
- Discuss the key drivers of economic expansion or recession.
- Highlight recent events and policy actions that have shaped current and near-term conditions.
- Present the likely direction of the U.S. economy over the next 12-18 months.
- Identify specific economic data points to watch as signals of near-term direction.
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.
