Construction Business Basics
Friday, August 4th, 2017 – 9:00 a.m. to 4:00 p.m.
Indianapolis Electrical JATC
1751 S. Lawndale Avenue
Indianapolis, IN 46241
Based on interest from our members, we have put together a one-day course to cover some of the basics of running a successful electrical contracting business. The class will be held the day prior to the Chapter Summer Meeting. This course would be great for smaller contractors, or any contractor who wants to better understand labor law, accounting, and bonding and insurance in our industry. To register, click here.
Registration fee: $95.00 per person – Lunch Included – Deadline: Friday, July 21
9:00 a.m. to 12:00 p.m.
Craig Bodette of Weber | O'Brien LTD in Sylvania, OH. Craig will present NECA's Understanding Construction Accounting course. An understanding of construction accounting is essential for the success of your business. This course covers topics such as revenue recognition methods, the components of contract costs, how to calculate revenue earned, balance sheet accounts that are unique to contractors and key financial ratios for contractors.
Following this course, participants will be able to:
Calculate job costs
List components of contract costs
Give examples of methods to measure percentage of completion and revenue earned
Explain how to calculate financial ratios
Lunch - 12:00 p.m. to 12:30 p.m.
12:30 p.m. to 2:30 p.m.
Jackie Gessner of Barnes & Thornburg, LLP in Indianapolis. Jackie will share the questions you should ask in seeking an attorney to represent your firm in the event of litigation or other labor/employment law issues. She will also cover common legal mistakes that you should avoid to prevent ever needing to hire an attorney in the first place.
2:30 to 4:00 p.m.
Austin Bond of Federated Insurance in Indianapolis. Austin will discuss how to minimize cost and maximize coverage on your existing insurance policies, and questions you should ask when selecting policies. He will discuss the minimum coverage your firm should carry, and new types of insurance you might need – for example, cybersecurity coverage.
Payment: If you have funds remaining in your Member Spending Account, you may apply those funds to the registration fee for this class, if you register by June 30. You will receive an email this week stating your current MSA balance. If you are writing a check, please send to Central Indiana NECA, 8900 Keystone Crossing, Suite 1000, Indianapolis, IN 46240. Please write "Construction Business Basics" on memo line. Thank you.
If you are a non-NECA contractor interested in attending this class, please call Tavia Brunner Rojas at 317-292-3199.