02/14/2025

"Managing the Lifeblood of Contracting - Cash Flow" seminar -- (2/13/25)

The program was held at Maggiano's Banquets in Oak Brook, IL.

"Managing the Lifeblood of Contracting - Cash Flow" seminar 
Thursday, February 13, 2025
Maggiano's Banquets -- Oak Brook, IL
The half-day program was facilitated by Shaabini Alford, Maxim Consulting Group.

The ECA Research and Education Committee was proud to sponsor the "Managing the Lifeblood of Contracting - Cash Flow" seminar.  The session was held on Thursday, February 13, 2025 at Maggiano's Banquets in Oak Brook, IL.  The half-day program was facilitated by Shaabini Alford, Maxim Consulting Group.

Program description:

Cash flow is one of the most important issues facing contractors today. As the market continues to stay strong, companies are faced with starting new projects, hiring staff, and investing in assets to support the business. More companies go bankrupt due to cash flow issues than due to profitability. Many things can and should be done to improve cash management practices. We will explore a range of tools and techniques, from simple to complex, that allow firms to manage and control cash flow. Examples include contractual negotiation strategies, pricing and bidding practices, development of cost and resource-loaded schedules that tie to billing activities in the schedule of values, use of 12-week cash flow forecasts, project closeout procedures, and managing the billings and collection cycle. An interactive cash flow simulation provides hands-on experience that enhances the learning outcomes.

Following this course, participants will be able to:

• Discuss the importance of cash management practices
• Describe how to increase profits with billings and collections
• Identify tools and techniques that optimize cash flow
• Discuss how to maximize cash flow with process standardization
• Describe how to create transparency and accountability with measurement

We thank Shaabini for her assistance with the program.  We thank all that were able to attend.

Pictured above is Shaabini Alford, Maxim Consulting Group.

Pictured below are photos of the attendees, as the seminar began.