Managing Construction and Capital Projects – Are You Handing Your Contractor a Blank Check? - Recorded Webinar

Construction and Real Estate

December 04, 2013
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This webinar was recorded December 4, 2013.

Most managers understand the importance of developing and using strong internal controls to manage the day-to-day activities of their business. They rely on the internal controls to protect company assets from unscrupulous employees and vendors. Yet when it comes to spending millions on construction or other significant capital projects, too many organizations attempt to manage the financial risk with the same controls they use in their day-to-day business. This webinar will help you to reduce the financial risks of major capital projects by:

  • Identifying the risks and implementing controls to mitigate them for each of the three phases of construction: preconstruction, construction, and project closeout.
  • Explaining the methods contractors use to earn gross margins of eight percent or more when the contract limits the construction fee to two and one-half percent.
  • Using examples of overcharges commonly found in each component of construction: labor, materials, subcontractor costs, contractors’ equipment, insurance, and change orders.

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(PDF 1384 kB,WMV 10120 kB)

 

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