Virtual Classrooms: Providing More Options for NECA Members
There is lot of variation on the availability of in-person training across the country, and it is likely to remain that way in the weeks and months ahead. To combat this, NECA is bringing some of our most popular in-person classes online! In September, members can attend the following classes.
The most profitable and productive projects are a result of effective project planning, and this online virtual class will give you an overview of how to successfully plan your job. The Agile Construction® Work Breakdown principle will be introduced and actual implementation examples of how to effectively plan your job. Plan your work to become more profitable.
An understanding of construction accounting is essential for the success of your business. This course covers topics such as revenue recognition methods, the components of contract costs, how to calculate revenue earned, balance sheet accounts that are unique to contractors and key financial ratios for contractors.
Following this course, participants will be able to:
Calculate job costs
List components of contract costs
Give examples of methods to measure percentage of completion and revenue earned
Prefabrication can save an electrical contractor time and money, but what do you prefab? And how do you tackle the preplanning required to even get out of the gate? This program will discuss tactics to aid those at any step of the prefabrication process in optimizing their preplanning and increase their prefabrication efficiency.
This program is based on an ELECTRI International research report.
Following this course, participants will be able to:
Identify preplanning activities that support the pre-fabrication process
Utilize the benefits of activities of prefabrication on preplanning
Identify tactics that can increase the amount of prefabrication you do
The events of 2020 may have forever changed the face of work as it was known. Working remotely has long been a sticking point between business owners and employees seeking freedom to work from home. Learning to lead and manage a remote workforce is a different skill set and requires different tools and techniques to be effective. In this session, we will explore best practices in managing virtual meetings, defining goals and objectives and holding teams accountable for performance.
Cash flow is one of the most important issues facing contractors today. As the market continues to stay strong, companies are faced with starting new projects, hiring staff, and investing in assets to support the business. More companies go bankrupt due to cash flow issues than due to profitability. Many things can and should be done to improve cash management practices. We will explore a range of tools and techniques, from simple to complex, that allow firms to manage and control cash flow. Examples include contractual negotiation strategies, pricing and bidding practices, development of cost and resource-loaded schedules that tie to billing activities in the schedule of values, use of 12-week cash flow forecasts, project closeout procedures, and managing the billings and collection cycle. An interactive cash flow simulation provides hands-on experience that enhances the learning outcomes. Attendees to include project administrators, project engineers, project managers, project executives, group/branch executives, financial managers, and owners.
Impacts and Tools for Managing Schedule Compression
Tuesday, September 22, 2020 | 9:30 AM - 12:30 PM CT
This course presents the impact of schedule compression on labor productivity for electrical contractors. Whether the compression is planned or simply the result of how the project is managed, the electrical contractor needs tools to assist them in quantifying the impact of schedule compression on the costs of completing the work for the project. Following this class, participants will be able to:
Estimate the impact of schedule compression on labor productivity
Estimate the other costs associated with schedule compression
Use various tools and approaches to compress a schedule
Manage the potential losses in labor productivity and other project costs caused by schedule compression
