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Profit Fade

The final stages of a project often deliver a disappointing surprise: The profits predicted for the project have evaporated. For contractors, profit fade can prove to be a devastating blow, crippling the ability to book future work and undermining the confidence of sureties and bank lenders. In this special webinar, ENR and its panelists will explore how to trace profit fade to change orders, inflated and unforeseen costs of problems in management and communication. We will ask what the signs are of estimating errors, whether cross-project analysis is worth the effort, how field personnel can accurately measure and report costs and progress and what sureties are most concerned about when it comes to a contractor recognizing revenue.

This course also qualifies for Professional Development Hours (PDH): Submit certificate of completion for PDH credit to your state licensing board. Check your state licensing board for all laws, rules, regulations and continuing education requirements.

Learn At Your Own Pace:

You can take this course and follow along at your own pace. Speed up, slow down, or stop now and finish later. Click "Take the Course Test" to go straight to the test and earn your credits. You'll know immediately if you have earned credits and you will be able to print out your certificate of completion instantly.

Learning Objectives

At the end of this course you will be able to:

  • Review the most critical issues in maintaining contractor profitability for a single project.
  • Review the most important ideas regarding costs, bidding strategies, and key measures used by sureties.
  • Identify the optimum methods of communication/preparation of site supervisors.
  • Show that profitable operation is a management skill requiring coordination of many different activities.

AIA logo Credits: 1.00 AIA

Course Outline:

This course is a presentation designed to earn you 1.00 AIA/CES Learning Unit. Use the onscreen controls to pace the presentation to your liking, and then click "Take the Course Test" to take the exam for this course and earn your credit.

This test is no longer available for credit
 

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