Construction Industry Conference Agenda

7:50 a.m.

Conference Opens

8:00 a.m.

2-OtherShow Me the Money (Supply)

Soft landing? Something harder? Whither inflation? This presentation will supply in-depth analysis of the major factors shaping economic outcomes, including central bank policymaking, worker attitudes, business confidence, and geopolitics. It will then turn toward a forecast for the year to come, highlighting the major risks that economic stakeholders will likely encounter.

9:40 a.m. 

Morning Break

9:55 a.m.

1-OtherLeveraging Data as an Asset

On average, 60% to 74% of all data within a company goes unused for analytics.  As companies continue to navigate the impacts of a labor shortage and rising material costs, it is increasingly important that they have timely insight into operations and job profitability to optimize business drivers within their control.

• Discuss how organizations are leveraging data analytics to bring data together from multiple systems, decrease manual reporting efforts, and empower people to make data driven decisions with timely information.  The goal is to provide data in a consumable format that can be refreshed frequently and accurately.

1-OtherCybersecurity & Fraud

• Receive an update on the current state of cybersecurity with stories from the front lines of consulting, including major ransomware incidents.
• Discuss the cyber insurance market and share insights from countless strategic discussions with business and technology leaders attempting to navigate the various challenges of modern cybersecurity.

Lunch Break

1.5 OtherSurety Industry Panel

Is your business thriving or surviving? Our panel of construction industry leaders will discuss lessons learned from the surety industry to help contractors improve financial results and grow surety capacity in today’s construction market. 

• Learn the key principles in developing an effective project risk dashboard and contract review process that can help contractors identify projects that are the best fit for their organization while avoiding high risk jobs that may create unwanted operational or financial stress.
• Discuss creative ways to structure bank and surety agreements in a manner that will provide equitable sharing of the asset base that clearly defines each party's rights in the event of a default leading to the most favorable outcomes for all stakeholders.
• Identify alternatives to expand surety capacity to meet bonding needs in a market when contract values continue to increase.
• Discuss financial reporting for contractors – forecasting the future from historic results. What are the most important aspects of financial reporting and operational metrics from a contractor’s and surety’s perspective?

1:40 p.m.

1-OtherProject Management Business Practices Essential for Downturn Survival

Inflation, labor shortages, supply chain disruptions and turmoil in financial markets are increasing the likelihood of an economic downturn. The best project management business practices that should always be followed by contractors to maximize profitability may become a matter of survival.

This presentation will reveal how well-managed construction companies execute these practices to shore up profitability and assure company survival. The speaker will share real-world experiences that illustrate the importance of each practice.

Participants will learn:

• The key project management business practices.
• The consequences of not following each practice.

Afternoon Break

2:45 p.m.

1.5-OtherThe Prequalification Process as a Risk Management Tool for Subcontractors

• Evaluate prequalification from a subcontractor viewpoint through real life examples.
• Identify, through a brief review, prequalification requests received from owners and general contractors, and how much information to share.
• Describe what subcontractors should do to “prequalify” owners/developers, general contractors, and suppliers to avoid bad actors becoming your problem.
• Develop best practices for verification of a projects evidence of financing and ownership of the owner/developer.