Masterclass Training: Understanding the Numbers in Construction
Gold Seal: 4 Credits * BC Housing: 12 CPD Points
Description
Maximize Profit, Control Costs, and Drive Project Success
A practical, real-world training course for construction professionals who want to improve project execution and strengthen financial results. Learn how to manage budgets, track costs, control change orders, reduce risk, and lead more successful projects—from field to financials.
Understanding construction costs and estimates is critical for all roles. Project managers use it to control costs, accounting and admin teams rely on it for budgeting and reporting, and G&A leaders need it to manage overhead and guide strategic decisions. When everyone understands the numbers, the whole operation runs smoother—and profitably.
Delivered over three half-day (4-hour) sessions, this course takes participants through the real-world lifecycle of a construction project—from concept and estimating to closeout and financial wrap-up. Whether your projects are under $1 million or over $100 million, mastering operations and financial controls is key to reducing costs, improving productivity, and protecting profits.
Whether you work in operations, supervision, estimating, accounting or executive leadership, Masterclass will help you bridge the gap between field execution, finance and strategy to improve coordination, reduce costs and increase profits.
Participants will learn to:
· Efficiently manage project lifecycles
· Build robust cost controls and job costing processes
· Connect estimating with field execution and financial reporting
· Manage contracts and change orders to protect cash flow and margins
· Key principles to improve labour productivity and site logistics
· Minimize the misleading effects of revenue and cost accruals on financial reports
· Identify the costs and underlying causes of productivity gaps
Who Benefits by Attending?
Masterclass is ideal for anyone responsible for delivering profitable work: project managers, estimators, supervisors, accounting staff, and company executives. Participants will understand how operational and financial decisions affect project success and company performance. The comprehensive course manual contains tables, case studies, financial and cost reports.
Bonus Tools Included:
· Checklists for cost control & productivity
· Templates for forecasting and reporting
· Change order and risk management guides
· Real-world case studies
Delivery Method: Virtual Session – Zoom Meetings
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.
About the instructor:
Wayne Newell has over 35 years of experience in financial and operational management across construction, manufacturing, and service sectors in Canada, the U.S., and the Caribbean. A CMA since 1972, he has trained more than 4,000 construction professionals in the past 20+ years. His courses are known for being clear, relevant, and results-focused, helping contractors improve performance and profitability.
Who Should Attend
Masterclass is ideal for anyone responsible for delivering profitable work: project managers, estimators, supervisors, accounting staff, and company executives.
Course Credit Information
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The course is eligible for 4 CCA Gold Seal education credits and 12 BC Housing CPD credits upon completion.
Registrants seeking BC Housing CPD credits for this course must complete all course components before a certificate showing BC Housing CPD credits earned will be issued.
Registrants seeking Gold Seal credits for this course will be required to complete an assessment during the course to qualify to have the Gold Seal credit endorsement appear on their certificate of completion.
Prerequisites
There are no prerequisites for this course.
Technical Requirements
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Computer or laptop 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. 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