Earn up to 14 CPE Credits!
The agenda was created to combine flexibility and maximum impact while also providing unique networking environments. Customize your agenda by selecting breakouts and sessions that are most meaningful to you.
Thursday, April 26
8:00 am - 12:00 pm
The “Burden” of Burden- (Additional registration fee of $50)
Presented By: Adam Canosa- Marcum
Hard costs are easy to control, generally speaking. Did you ever take a deep dive into your indirect costs and really understand what they are, and how they are impacting your jobs and your overall Company? From bidding on a job all the way to reviewing your final profit of the Company overall, the “burden” of analyzing your burden is something to really think about. This presentation will take a dive into all aspects of your burden from what makes up burden to how your Company stacks up to industry standards.
12:00 pm - 1:00 pm
1:00 pm - 2:30 pm
Building High Performing Teams in construction
Presented By: Connor Butler
This hour and half long training starts with why we are talking about teams in a lean construction audience. We will then explore the benefits of high performing teams, how you form high performing teams, and what high performing teams do. We will also discuss leading high performing teams and how to create “team of teams” on large projects. The training is interactive and story based. The material presented is based on sound academic research along with our own personal experiences. We present in the “Presentation Zen” model that is highly effective.
2:30 pm - 3:00 pm
Vendor Break- Vendor Booth Exhibits
3:00 pm - 5:30 pm
Keynote Presentation: "Past, Present & Future: How Contractors Succeed and Which Trends are Emerging for the Future"
Presented by: Jim Schug- FMI
Numerous contractors, from small to large, struggle to keep existing clients and maintain a foothold. However, others gain traction, build backlogs, run profitably and penetrate new areas of specialization. So what is their secret? Why do some companies do well while others just barely survive? FMI will present several case studies and distill the relevant factors that make these companies unique and successful.
5:30 pm - 7:30 pm
Networking Reception - Enjoy cocktails, hors d’oeurvre, and games at South Side Social
Friday, April 27
ACTIVITY- Track 1
ACTIVITY- Track 2
6:30 am - 8:00 am
Breakfast (included with registration)- Broad Street Grill
9:30 am - 10:30 am
Track 1, Session 2
Tax R&D Credits
Brady Brayn- Brayn Consulting
We plan to spend this session discussing high-value Specialty Tax Incentives for the Construction Industry, how they have changed in 2018 and what is needed to maximize the incentives. We will talk about the significance of the Research & Development (R&D) tax credit, how it applies it applies to the construction industry and touch on how companies can better position themselves to take advantage of the credit with proper documentation. Additionally, with the recent extension of the 179D deduction to 2018, we will focus on how contractors can potentially receive allocated deductions for certain 2017 government projects. Lastly, recent tax changes have spurred an increase in cost segregation opportunities. It’s important to discuss the changes to the rules, including the types of qualified improvement property and the changes in bonus depreciation that make this tax incentive so favorable to construction companies.
Track 2, Session 2
Hiring Process Strategies for Construction Firms to Improve Results & Manage Risk
Kathy Cole- DK Cole Company
Competition for construction talent has created a volatile atmosphere where hiring involves a significant risk of time and money. This session is a deep dive into processes and strategies you can implement to improve your hiring process, and mitigate risk. We’ll talk through how the speed of your process impacts your results, and we’ll examine typical process bottlenecks and the steps you can take to overcome them. You’ll learn about the common process blunders, when corrected, prevent bad hires and potential legal problems. This session also includes analysis of candidate behavior, how to interpret it, and how to develop standard practices to deal with red flags that may arise from it. You’ll also learn how to manage the difficult topic of compensation with candidates, and hear enlightening information on how and when to extend the offer. Taught by an experienced construction industry recruiter, this session will include “war stories” from the trenches and how these strategies have saved time, money and improved results for many construction firms.
8:00 am - 9:30 am
Track 1, Session 1
Kevin T. Yager- LBMC, PC
Jeffrey Jackson- LBMC, PC
Track 2, Session 1
Christopher R. Wilkinson- Crowe Horwath LLP
Kiel E. Murray- Crowe Horwath LLP
Cyber-related attacks and data breaches continue to be among the most damaging and expensive risks facing organizations. However, many contractors still operate under the “If it’s not broke, don't fix it” approach to their information systems. Attendees will be educated on cyber attacks from a hacker's perspective as well as other current threats and trends, and learn strategies to take a proactive approach to security and overall risk management.
10:30 am - 11:30 am
Track 1, Session 3
Trae Bedsole- RSM US LLP
Shad W. Wilks- RSM US LLP
Join RSM for a one-hour presentation on how the new revenue recognition standard (ASC 606) affects the construction industry. All construction companies that prepare financial statements in accordance with U.S. generally accepted accounting principles will be affected by the new guidance. While the degree to which a particular contractor’s revenue will be affected depends on the facts and circumstances, while every company will be significantly affected by the disclosure requirements in the new guidance due to the increased volume of required revenue-related disclosures. Under the new guidance, construction companies will need to evaluate whether any changes are needed to their current revenue and financial reporting processes and systems, which will require the involvement of more individual than those involved in the accounting function.
Track 2, Session 3
Construction Law Update
Greg Cashion- Smith Cashion & Orr, PLC
11:30 am - 12:00 pm
Vendor Break- Vendor Booth Exhibits
12:00 pm - 1:00 pm
Lunch (included with registration)- Broad Street Grill
1:00 pm - 2:30 pm
Wayne Newitts- Viewpoint
To understand how three related technologies are changing the way contractors can use data to drive better business decisions:
Take aways: The cloud delivers accessibility, mobile data connects the office, analytic engines streamline the process, data information and intelligence are independently valuable, and one integrated system provides a significant advantage.
2:30 pm - 3:30 pm
Valuation of Construction Company
George Parrott- Cooper, Travis & Company, PLC
The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Web site: www.learningmarket.org.
2018 CFMA Annual Southeastern Construction
Regional Conference Committee
John Moran, W.R. Newman & Associates, Inc.
Alex Lee, Roy T. Goodwin Contractors, Inc.
George Parrott, Cooper, Travis & Company
Sharon Vance, Sharon Vance Accounting Consulting & Services
Mark Blackburn, LBMC
Jeremy Johnson, JRC, Inc.