AGC/CFMA Construction Financial Management Conference

AGC/CFMA 17th Annual Construction Financial Management Conference

October 23-25, 2013 | Caesars Palace | Las Vegas, Nevada

Get the latest information on:

Earn up to: 19.5 CPE Credits
  • Construction Market Trends
  • Financial Accounting Standards Board
  • Surety, Financial, and Credit Markets
  • Change Order and Claims Management
  • Federal Acquisition Regulations
  • Construction Taxes
  • Strategies for Economic Conditions
  • Business Real Estate Management
  • Ethics and Fraud

 

 

 

 

 

Conference Overview

Jointly sponsored by the Associated General Contractors of America (AGC) and the Construction Financial Management Association (CFMA), the AGC/CFMA Construction Financial Management Conference was developed in response to a need for programs and workshops designed specifically for financial professionals in the construction industry.

The three-day conference is filled with 36 interactive sessions, covering the latest industry issues and their financial implications. Sessions are delivered "group-live" and are at intermediate, overview and update program levels. There are no prerequisites or advanced preparation required.

Who Should Attend

Owners, Chief Financial Officers, Controllers, Treasurers, Certified Public Accountants, Auditors, Consultants, Bankers, Sureties, and others interested in the construction industry will greatly benefit from this conference.

Schedule

Please click on the session titles below for additional speaker and session information.

Wednesday, October 23, 2013
1:00 pm Registration Opens
2:30 pm - 3:45 pm General Session 1: Ownership and Succession Planning in the Construction Industry - Part I
3:45 pm - 4:00 pm Break
4:00 pm - 5:00 pm General Session 2: Ownership and Succession Planning in the Construction Industry - Part II
5:00 pm - 6:00 pm Welcome Reception
Thursday, October 24, 2013
7:00 am Registration Opens
7:00 - 7:45 am Continental Breakfast
7:45 - 8:00 am Opening Remarks
8:00 - 8:50 am General Session 3: Innovation - Construction 2.0
8:50 - 9:00 am Break
9:00 - 10:15 am Concurrent Sessions (pick one)
  4: Patient Protection and Affordable Care Act From a Profit & Loss Perspective
  5: Tax Strategies
  6: IT Implementation Strategies
  7: Risk Management
10:15 - 10:30 am Break
10:30 - 11:45 am Concurrent Sessions (pick one)
  8: Patient Protection and Affordable Care Act from a Profit & Loss Perspective (Repeat of Session 4)
  9: Tax Strategies (Repeat of Session 5)
  10: IT Implementation Strategies (Repeat of Session 6)
  11: Risk Management (Repeat of Session 7)
11:45 am - 12:45 pm Lunch
12:45 pm - 2:00 pm Concurrent Sessions (pick one)
  12: Subcontractor Prequalification
  13: Financial Solvency through Better Contract Documents
  14: Generational Issues
  15: The Contractor as a Developer: Should you Consider a Co-Ownership Relationship?
2:00 pm - 2:15 pm Break
2:15 pm - 3:30 pm Concurrent Sessions (pick one)
  16: Subcontractor Prequalification (Repeat of Session 12)
  17: Financial Solvency through Better Contract Documents (Repeat of Session 13)
  18: Generational Issues (Repeat of Session 14)
  19: The Contractor as a Developer: Should you Consider a Co-Ownership Relationship? (Repeat of Session 15)​
3:30 pm - 3:45 pm Break
3:45 - 5:00 pm General Session 4: Accounting Standards Update
5:00 - 6:00 pm Reception
Friday, October 25, 2013
7:00 am Registration Opens
7:00 - 7:30 am Continental Breakfast
7:30 - 8:45 am General Session 5: Trends of the Construction Market from the Surety's Perspective
8:45 - 9:00 am Break
9:00 - 10:15 am Concurrent Sessions (pick one)
  22: Fraud: The Other Employee Benefit
  23: Accounting Update
  24: Investments
  25: Implementation of the Affordable Care Act
10:15 - 10:30 am Break
10:30 - 11:45 am Concurrent Sessions (pick one)
  26: Fraud: The Other Employee Benefit(Repeat of Session 22)
  27: Accounting Update (Repeat of Session 23)
  28: Investments (Repeat of Session 24)
  29: Healthcare (Repeat of Session 25)
11:45 am - 12:30 pm Lunch
12:30 - 1:20 pm General Session 6: Tax Update
1:20 - 1:30 pm Break
1:30 - 2:45 pm Concurrent Sessions (pick one)
  31: Claims
  32: Building a Mobile Strategy for the Construction Enterprise
  33: How Captives Work
2:45 - 3:00 pm Break
3:00 - 4:15 pm Concurrent Sessions (pick one)
  34: Claims (Repeat of Session 31)
  35: Building a Mobile Strategy for the Construction Enterprise (Repeat of Session 32)
  36: How Captives Work (Repeat of Session 33)

Hotel Information

A block of rooms has been reserved for the 17th Annual Construction Financial Management Conference at Caesar's Palace in Las Vegas, Nevada. To make your reservation, please call (866) 227-5944 and identify yourself as an "AGC/CFMA Conference Attendee" to receive the discounted group rate.

To make your hotel reservation online, please click here.

  • $199/night plus taxes
  • $219/night plus taxes
  • $229/night plus taxes
  • Run-of-House
  • Forum Tower
  • Palace Tower (location of all meeting space)

The hotel reservation cut-off date is October 1, 2013. All reservation changes and/or cancellations must be made directly through the hotel. Reservations may be cancelled up to 72 hours prior to arrival.

Please direct any hotel questions to Mary Doane at mmdoane@maryplans.com

Travel Information

United Airlines is pleased to offer discounts between 2 and 10 percent off published fares. Save an additional 3 percent off by booking your own reservations at www.united.com. Choose your flight times and access your meeting discounts by inserting ZQDK367502 in the Offer Code box. Or, call either your travel professional or United Meetings at 800-426-1122 for reservations. Refer to Z Code: ZQDK and Agreement Code: 367502 when making reservations.

Registration

To register, please click the Registration Button to the right to register using our secure website.

Please direct any conference registration questions to Rockkie Dunton (AGC) at (703) 837-5304 or duntonr@agc.org.

Registration Fees

Early Bird Registration (if received prior to September 6, 2013

  • $780 Single Registration
  • $650 Subsequent Registrants from the Same Firm

Standard Registration (if received on or after September 7, 2013

  • $860 Single Registration
  • $730 Subsequent Registrants from the Same Firm

Registration Cancellation Policy:

A full refund of your registration fee will be granted if received in writing on or before October 4, 2013.

A refund of your registration fee, less $100, will be granted if received in writing from October 5, 2013 to October 16, 2013.

No refunds will be granted after October 16, 2013.

Attendees List

View a current list of attendees.

Attire:

Attire for all events is business casual

Sponsors

AGC is pleased to thank the following sponsors—

Sponsors

Become a Sponsor!

Click here to view the sponsorship brochure with available opportunities

The 17th Annual Construction Financial Management Conference brings together financial professionals in the construction industry to discuss the latest industry issues and their financial implications. If your company does work in the construction industry or is conteplating working with the construction industry, this conference is where you need to be. Show your support by becoming a sponsor and place your company before this focused market.

All Sponsorships Include

  • Recognition as a sponsor in marketing materials and conference program
  • Signage at event registration and sessions
  • Company table-top display
  • One complimentary conference registration
brochure

Conference BrochureView Sponsors

Speakers

Larry Mackowiak, Crowe Horwath LLP, South Bend, Indiana
Hugh Reynolds, Crowe Horwath LLP, South Bend, Indiana
Dan Murphy, Shiel Sexton, Indianapolis, Indiana

Description

Learn from this panel of financial experts and a construction industry CFO as they provide real-world examples of the options available for transferring ownership of a construction business to employees or family members. Specifics covered will include: stock transfer techniques including ESOP and transfer to select managers, deal structuring, planning tips for undertaking an internal transfer, and lessions learned.

This session will provide an introduction to plan mechanics but, more importantly, offer perspectives from seasoned stock transfer veterans on the pluses and minuses of the various stock tranfer techniques, including ESOPs, which can be utilized by construction companies of all sizes.

Speakers

Tim Sznewajs, FMI Capital Advisors, Denver, Colorado

Description

Learn from this panel of financial experts and a construction industry CFO as they provide real-world examples of the options available for transferring ownership of a construction business to employees or family members. Specifics covered will include: stock transfer techniques including ESOP and transfer to select managers, deal structuring, planning tips for undertaking an internal transfer, and lessions learned.

This session will provide an introduction to plan mechanics but, more importantly, offer perspectives from seasoned stock transfer veterans on the pluses and minuses of the various stock tranfer techniques, including ESOPs, which can be utilized by construction companies of all sizes.

Speakers

Greg Schoppman, FMI Capital Advisors, Tampa, Florida

Description

The word "innovation" often invokes imagery of tablet computers, holograms and spaceships. Industry leaderes such as Google, Facebook and Apple wrestle for superiority in game changing innovations. Why should the construction industry - one of the largest sectors in the world - be the laggard in the conversation about innovation? Innovative concepts give way to organizational best practices through powerful individuals, projects teams and business units. Innovations are not high tech flashy gadgets but ground breaking ideas that create efficiency and ultimately make the industry better.

In this session the speaker will highlight the following topics:

  • Understand how great organizations stimulate innovative thinking at ALL levels in their organization
  • Examine different types of innovation and what limits innovative thinking
  • Understand the role of management and accountability in stimulating or stifling creative and innovative thought
  • Examine some of the key trends in innovative management theories, technologies and macro-level trends

Speakers

Briggs Cochran, Benefit Insurance Marketing, Lexington, Kentucky

This session will focus on the three key questions every employer should know the answer to. Attendees will also learn the cost implications of "Player Pay" to all stakeholders.

Speakers

Kelli Franco, Moss Adams, Spokane, Washington
Gary Stirbis, Moss Adams, Seattle, Washington

Learn new strategies on how to deal with IRS examinations. Effectively learn to navigate the net investment income tax as it pertains to the grouping rules. Learn how to save and defer income under the new tax environment.

Speakers

Christian Burger, Burger Consulting Group, Chicago, Illinois
Jessica McManus, Choate Construction, Charlotte, North Carolina
Phillip Zak, Viewpoint Construction Software, Denver, Chicago
Penny Muzzy, Computer Guidance Corporation, Scottsdale, Arizona

This session will help attendees identify the implementation strategy and management requirements prior to, during and after implementation. It will also focus on:

  • Documenting, agreeing upon and setting mutual expectations and outcomes
  • Establishing project teams
  • Securing and nuturing executive buy-in
  • Managing exchange
  • Communication (at different levels, on a regular and irregular basis, proactive vs. reactive, follow-up)
  • Leveraging technologies (comm. tools, repositories, file sharing, product and project documentation)
  • Motivating employees and establishing and/or promoting organizational values.

Speakers

Danette Jones, Marsh Inc, Los Angeles, California
Teresa Martin, Lockton Companies LLS, Kansas City, Missouri

Speakers

Danny Parrish, Leveraged Resources, Suwanee, Georgia
Vic Marshall, Leveraged Resources, Beverly Hills, Michigan

Description

This session will present a comprehensive and thorough overview of all aspects of a subcontractor prequalification process.

  • Participants will learn to identify key characteristics and analysis points when differentiating potential subcontractors.
  • Checklist and questionnaire suggestions will be offered for participants consideration to supplement or enhance their programs.
  • Significant discussions will focus on ensuring that both quantitative and qualitative factors are considered when selecting subcontractors

Speakers

Brian Perlberg, ConsensusDocs, Arlington, VA
Frank Riggs, Troutman Sanders LLP, Atlanta, Georgia

Description

Owner financial solvency is too important to risk to change. Getting the right payment terms and project financial information is critical to success. Learn to ask the right questions through the Owner-endorsed Owner Financial Questionanaire and understand the concepts in the AGC White Paper on Owner Financial Solvency. Additionally, the importance of prequalifying your Subcontractors has never been more important. Learn about new technology tools that hep you integrate this information for all our projects

Get an overview of the new ConsensusDocs new technology platform which is now a Word-compatible cloud-based system that provides value added services like reliable document comparisons and version control. This session will also help attendees to:

  • Learn best practices to determine project financing and owner financial solvency.
  • Lean how to prequalify subcontractors to hep prevent default and why preventing against this risk is so important
  • Learn about technological advances that make it easier to prequalify and be prequalified on projects
  • Learn how to use the new ConsensusDocs technology platform and the iSqFt prequalification management application

Speakers

Vanessa Kiley, Kiley and Company, Warren, Rhode Island

Speakers

Todd Carpenter, Baker Tilly Virchow Krause LLP, Madison, Wisconsin

Description

In today's financial environment, contractors are increasingly being asked to invest in their customers' projects. In t his scenario, companies find themselves entertaining options to serve as a "contractor-as-part-owner" to overcome financing challenges. These alternative arrangements offer serveral beneficial opportunities, including:

  • Contractor has increased opportunity to be engaged for the construction work
  • Contractor's investment helps ensure the project will move forward by providing equity to obtain loan approval
  • Contractor is able to receive both a fee under its construction contract an a return on its equity investment

During this session, subject matter experts will explore:

  • Different ways in which general contractors can take ownership take in a project
  • The impact potential ownerhsip scenarios have upon contract administration, profits and loses, exit strategy and dispute resolution
  • The use of tax credits / incentives, negotiated incentives, and other loan programs to minimize equity needed to move a project forward.

Attendees will hear firsthand from a contractor who has been involved in these types of arrangements, as well as tax / accounting professionals who can provide additional perspectives.

Speakers

Financial Accounting Standards Board

Description

Hear an update from the Financial Accounting Standards Board on topics including: leases, revenue recognition, multiemployer plans and more.

Speakers

Lawrence Mitchell, Travelers, Federal Way, Washington
David Pesce, Axis Capital, Berkley Heights, New Jersey
Rick Ciullo, Chubb Surety, Warren, New Jersey

Speakers

Nancy Young, Moss Adams, Portland, Oregon

Description

After participating in this session, the participant will be able to:

  • Explain various fraud schemes prevalent in the construction industry
  • Recognize waknesses in internal control processes
  • Identify red flags indicative of fraudsters.

Speakers

Mike Ellis, Moss Adams, Tacoma, Washington

Speakers

Ed Shill, QCI Asset Management, Pittsford, New York

Description

Find out about the overall state of the economy and financial markets and how best to structure your investment strategy. Topics will icnlude: discussions on the stock market, interest rates, individual stocks and selected investment ideas for the balance of 2013 and into 2014.

Speakers

Salvador Lona, Aon Risk Solutions, Los Angeles, California

Speakers

John Armour, CBIZ Mayer Hoffman McCann PC, Denver, Colorado

Description

Hear an interactive discussion on trends and techniques in construction taxation, including updates on the latest IRS and regulatory decisions. Learn tricks and traps related to taxation of construction contractors.

Speakers

James Nagle, Oles Morrison, Seattle, Washington

Speakers

Rick Gott, Computer Guidance Corporation, Scottsdale, Arizona

Description

Mobile technologies have become an integral part of our everyday lives and have already gained a foothold in many of our businesses. However, companies withouth well defined mobile strategies, are finding it difficult to justify the expenditures on mobile services and show the return on investment for these critical tools. During this presentation, Rick Gott will discuss the essential elements for creating a corporate mobile strategy, different models for deploying mobile devices within the construction enterprise and the applications that justify a company-wide mobile deployment. Specific topics will include:

  • Identifying the business need for mobile technology
  • Defining classes of users and access needs
  • Establishing business applications and their priorities
  • Evaluating costs and return on investment
  • Ascertaining traning requirements and IT infrastructure needs

Speakers

Joe Martin, Captive Resources, Shaumburg, Illinois
John Sobecki, Captive Resources, Shaumburg, Illinois

Description

My customer is a middle market company. How do I know if I should consider a group captive for their insurance needs? This session will teach how to evaluate a client as a potential candidate for a group captive by analyzing the key characteristics of an ideal captive member. This session will introduce the Group Captive Concept and offer a balanced view of heterogeneous versus homogeneous programs, small versus large versus "mega" captives and how captives with many members can work well together via an efficient and productive committee structure.

This session will analyze a sample middle market company and demonstrate, in review of the actuarial pricing methodology and captive formula, how a sample member can potentially earn underwriting profit along with investment income for their insurance premmium dollars. The selection of domestic or foreign domicile of the group captive will be discussed as well as potential tax implications. Control is key - understand how the group captive concept can offer greater control of your insurance premium dollars in a hard or soft insurance marketplace.