"Managing the Lifeblood of Contracting - Cash Flow"
Shaabini Alford, Maxim Consulting Group
Thursday, February 13, 2025
Program description:
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.
Following this course, participants will be able to:
Target audience: Senior executives, financial managers and project managers
THIS PROGRAM IS ONLY FOR ECA MEMBERS!
Fee for the sessions is $100.00 per ECA member.
Please contact the ECA with any questions at (708) 531-0022. We look forward to your participation with the program! Thank you for your continued support of Association activities.
Shaabini Alford,Maxim Consulting Group
Shaabini Alford is Director at Maxim Consulting Groupand is responsible for assessing, evaluating, and implementing client processes. Shaabini works with various sized construction firms to train, educate and inspire leaders. Having over 20 years’ experience, Shaabini has faced and conquered many difficult situations to a successful conclusion, specifically in jobsite crisis management, contract terms and conditions, and legal negotiations in multi-million dollar change order settlements. She is an operations expert and enjoys analyzing current business processes for areas of improvement and opportunity, such as: procurement, detailing, fabrication, field engagement, risk mitigation and team dynamics. She is skilled in building highly effective teams and improving their performance by documenting SOPs for precise and repeatable execution of work. She enjoys the challenge of taking on ugly projects and leading the project team to a successful and profitable end.
Waitlist Option
If registration is full, you can opt for the waitlist category. If the waitlist category selection does not initially pop up, you may need to re-register. If so, use the non-member section, then click the waitlist category. If there are spots open, you will be notified.