Getting Paid and Managing Cash Flow in Construction
Gold Seal: 1 Credit * BC Housing: 4 CPD Points
Description
Payment in the Construction Industry is a problem. This creates problems for both the Owner and the Contractor as well as the other participants involved with the project (Consultant, Subcontractors, Sub-Subcontractors and Suppliers).
The Canadian Construction Documents Committee (CCDC) and the Canadian Construction Association (CCA) publish standard contracts and guides for the Construction Industry.
In this half-day workshop, the Payment Process in Standard Contracts (CCDC-2 Stipulated Price Contract, CCA-1 Stipulated Price Subcontract, CCA-19 Stipulated Price Sub-Subcontract) will be reviewed along with the contract language from non-standard contracts which can delay payment.
It is important to recognize when your client is trying to work language into the contract which delays payment (Pay-if-Paid, Pay-when-Paid, “Notwithstanding” clauses).
Guides covered by the course:
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CCA 28 – A Guide to Improving Cash Flow in the Construction Industry.
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CCA 50 – A Prime Contractors Guide to Project Financing and Payment Security.
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CCA 53 – Trade Contractors Guide and Checklist to Construction Contracts.
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CCA Banking Guide for the Canadian Construction Association.
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CCDC 12 – Project Financial Information Disclosure Form.
Delivery Method: Virtual Session - GoToTraining Platform.
Course Fee Includes: Access to the course, course materials, and a digital certificate upon completion.
This course is delivered in partnership with local and provincial construction associations across Canada. You will be participating with a group of industry peers from multiple regions.
Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.
Prerequisites
There are no prerequisites for this course.
Who Should Attend
This course would be beneficial for anyone who is involved with billings and payment: managers, project managers, project coordinators, project accountants of all levels will benefit from the workshop.
What Previous Participants Have Said
“I learned a lot from this course, and it will be very helpful to me when doing payables.”
“Great course, lots of valuable information.”
“Well structured and flowed nicely.”
“Instructor was clear, concise, and responded well to questions.”
“The online training allows me to take a course that I generally would not have time to do.”
Technical Requirements
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Computer or laptop
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This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content (slides or videos), and interacting via typing with questions or responses. For this reason, cellphones may not be adequate.
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Windows 10 or Mac iOS.
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Webcam (Mandatory)– in order to engage and collaborate, participants will be expected to have their webcams on for the duration of the class
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Microphone (Mandatory)
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Internet connection- For best results, you will want to ensure you have an internet connection with an upload/download speed of 3-5 Mbps. You can test your internet speed here. The minimum recommended speed is 1.5 Mbps, but anything below 3 Mbps may result in loss of quality or buffering. Ideally hardwired connection versus wireless for stability - connect your computer directly to your router using an ethernet cable, rather than using your home wi-fi.
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A quiet space with minimal distractions –The microphone will be engaged for interactive sessions. Please plan to be fully engaged in the class and clear your work schedule just as you would for the in-class program.
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Comfortable chair