Getting Paid & Managing Cash Flow in Construction
Virtual Instructor Led Training
Payment in the construction industry is a problem. This creates problems for both the owner and the contractor as well as the other participants involved with the project (consultant, subcontractors, sub-subcontractors and suppliers).
The Canadian Construction Documents Committee (CCDC) and the Canadian Construction Association (CCA) publish standard contracts and guides for the construction industry.
In this half-day course the payment process in standard contracts (CCDC-2 Stipulated Price Contract, CCA-1 Stipulated Price Subcontract, CCA-19 Stipulated Price Sub-Subcontract) will be reviewed along with contract language from non-standard contracts
which can delay payment. It is important to recognize when your client is trying to work language into the contract which delays payment (pay-if-paid, pay-when-paid, “notwithstanding” clauses)
Guides covered by the course:
• CCA 28 – A Guide to Improving Cash Flow in the Construction Industry
• CCA 50 – A Prime Contractors Guide to Project Financing and Payment Security
• CCA 53 – Trade Contractors Guide and Checklist to Construction Contracts
• CCA Banking Guide for the Canadian Construction Association
• CCDC 12 – Project Financial Information Disclosure Form
Who should attend?
Anyone who is involved with billings and payment. Managers, Project Managers, Project Coordinators, Project Accountants of all levels will benefit from the workshop.
This course is delivered in partnership between MCA AB and other Construction associations throughout Western Canada. You’ll be participating in a cohort with industry peers from across these regions.
1 Gold Seal Credit Available
Phil Perry of Perry Educational Services Ltd has 30 plus years in the Construction Industry, most of which was Project Managing Industrial Projects for General Contractors. He has been teaching Post-Secondary Construction Management Courses for the last ten years for organizations across Canada.
MCA Events Cancellation policy:
5 business days or more- 100% refunded/4 business days or less- 50% refunded/no show – no refund