In-House Training:  Controlling Construction Costs

Instructor | Who Should Attend |  CPE Credits |  Request More Info. | Customized Learning Experience

Our in-house training is conducted either in-person at your location or virtually at a time convenient for you.

In this two-day seminar, case examples will be used to illustrate effective construction cost control and analysis techniques.  Attendees will learn how to ask the right questions to tackle technical potential cost overcharge matters; how to prevent overcharges; and how to detect and recover construction cost overcharges.

Familiarized training – all of our construction related inhouse training includes preliminary familiarization with customer example project documents.  When we familiarize a course, we take time to review examples of your project documents including construction contracts, change orders, contractor invoices, etc.  This review helps us to better address the specific training needs of your organization and your project.

Course Summary

In this two-day seminar, case examples will be used to illustrate effective construction cost control and analysis techniques.  Attendees will learn how to ask the right questions to tackle technical potential cost overcharge matters; how to prevent overcharges; and how to detect and recover construction cost overcharges.

Controlling Construction Costs is designed for owner organization representatives who are involved with controlling or auditing construction activity including construction management executives, project managers, construction auditors, procurement and legal representatives.

Attendees will learn how to:

• Prevent and detect construction overcharges
• Administer construction contracts more effectively
• Plan your construction contract strategy to complement your control system to receive the most value for your construction dollar
• Strengthen controls to reduce opportunity for fraud, conflicts of interest and kickbacks.

Topics covered include:

• Cost control objectives in project planning, document development, bid/contract awards through construction and contract closeout.
• Multi-step approach to effectively control construction costs
• Cost control roles and responsibilities
• Preventing and/or detecting typical overcharges in lump sum and cost plus contracts
• Bid document format and language
• General contract provisions to enhance cost controls
• Special considerations for time and material and unit price contracts
• Using computer database applications as part of the operational control system for cost plus and time and material contracts
• Cost control considerations with change orders to lump sum or guaranteed maximum contracts
• Special cost control considerations with contractor “claims”

Customized Learning Experience

Controlling Construction Costs is designed to be a customized learning experience that directly relates to the way the seminar customer does business with their construction contractors. 

We only conduct our Controlling Construction Costs in-house seminar sessions if we have some upfront knowledge of the way our seminar customer is doing business with their construction contractors and architects.  The minimum documentation we request for advance review at least two weeks before the scheduled seminar date includes:

1. Two (or more) examples of executed construction contracts with all contract attachments that illustrate the typical construction business deals that are in-place on active (or recently completed) projects
2. Applicable RFP documents and applicable proposals (or bids) from construction contractors and/or construction managers (CM) for current (or recently completed) projects
3. Applicable excerpts Division 1 (General Requirements) and Division 16 (Electrical) from project specifications for current (or recently completed) projects
4. Two (or more) examples of large complex change orders with all supporting documentation that have been approved on current (or recently completed) projects
5. Two (or more) examples of contractor or CM payment applications with all supporting documentation for current (or recently completed) projects
6. Applicable construction department organization chart and a list of projects currently under construction or in the design stage of the construction cycle
   

   Who Should Attend

   Controlling Construction Costs is designed for owner organization representatives who are involved with controlling or auditing construction activity including construction management executives, project managers, construction auditors, procurement and legal representatives.
   

   Instructor

   Rich Townsend is a Senior Construction Cost Control Consultant at R. L. Townsend & Associates, LLC. and President of Construction Audit & Cost Control Institute, Inc.

   Since 1985 he has been affiliated with Courtenay Thompson & Associates as an instructor for public offering and in-house professional development seminars related to construction auditing and construction cost control.

   Prior to starting his consulting firm, Rich spent 13 years with the auditing department of a major retail corporation. During his internal auditing career (1971-1984), he served in several staff and audit management positions with a specialization in audits of construction contract activity.

   Mr. Townsend is a Certified Construction Auditor (CCA), a Certified Internal Auditor (CIA) and a Certified Public Accountant (CPA) and serves as a member of the advisory board for The National Association of Construction Auditors.

   He is a graduate of Waynesburg College/Waynesburg University (Waynesburg, Pennsylvania) where he obtained a Bachelor of Science Degree with a major in accounting.
   

   Course Sponsor and Continuing Education Credits

   All participants are eligible to receive up to 16 Continuing Professional Education credits (CPE’s) to fulfill professional accreditation requirements. Field of Study: Finance – Technical. Course Level: Basic. Group-live, lecture-style seminar; no prerequisites or advanced preparation required. For information regarding CPE, complaint, or program cancellation, please contact Marie Jones at (254) 736-0309 or Rich Townsend at (972) 679-6762 or email info@caacci.org.

   Construction Audit & Cost Control Institute (CAACCI) 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: www.nasbaregistry.org
   

   CONTACT US

   To learn more about bringing this seminar to your group:

   • Fill out the form below or
   • Call Rich Townsend at (972) 679-6762
   • Call Marie Jones at (254) 736-0309

    

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