2023 Agenda

All times listed are Pacific Standard Time.

Wednesday, October 25, 2023

Registration open from 12:00 PM – 6:00 PM

1:00 PM –
1:15 PM

Opening Remarks

Sponsored by:

1:15 PM –
2:30 PM

CFO Roundtable

Opening General Session

1.5 CPE Credits

Join us for an enlightening and interactive panel discussion on the dynamic landscape of construction financial management. Our esteemed panel of experts brings together a diverse range of perspectives, insights, and strategies that converge to address the evolving challenges and opportunities in the construction industry.

2:30 PM –
2:45 PM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

2:45 PM –
4:00 PM

Concurrent Sessions

1.5 CPE Credits

Speaker: Kevin Hamernik, FORVIS, Nick Hadley, CommerceBank

This session will start with interaction of the attendees, turn to an abridged update on Key Elements of the State of the Economy, then follow with a Discussion on The Things to Consider In Times of Economic Uncertainty & Best Practices, Provide Some Color about How Lenders May respond When Times are Tough, and Conclude By Identifying Unusual Aspects of Workouts for Contractors. Participants will:

  • Learn How Your Contemporaries and Market Partners Feel About the Economy and Their Business Prospects
  • Leave with An Understanding of Key Market Metrics of the Economy and Historical Precedence
  • Identify a Few Key Best Practice Pointers to Consider in a Softening Market to Take Home
  • Gain An Insight Into What It is Like to Be In “Workout” with your Lender

1.5 CPE Credits

Speaker: Gregg Schoppman, FMI

If you ever wondered why you weren’t getting those amazing upgrades at the casino, it could be because the casino knows more about you than you think, including how much you spend, where you spend it and when you sit in your room after a night of losing. So what? In a world where we hear so much about data, the people that run the casinos took actionable steps to make their business more profitable (which almost doesn’t seem fair). Auto dealers do much of the same thing in how they track and monitor potential buyers. In the world of construction, firms sit on a veritable gold mine of data but how many of those firms regularly use that data to make better decisions. It is one thing to be data driven and a whole other to be data actionable. Construction organizations must transform themselves to think strategically and incorporate such elements as seasonality, customer proclivities, environmental factors, supply chain variability, and even crew productivity in how they price work and position themselves in the market. In this session, participants will learn to:

  • Examine the role of data-driven strategy and best of class firms through case studies
  • Understand how to mine select data to make it actionable for YOUR firm
  • Examine the impact of data in the construction industry and how it compares to other industries
  • Understand the types of data that firms could capture and how this could influence decision making

1.5 CPE Credits

Speaker: Cal Beyer, ethOs

The construction industry has been adversely impacted by the nation’s ongoing opioid crisis. Understand the human and financial toll of opioids in the construction industry. The National Safety Council reports that over 70% of employers have been impacted by opioid crisis. Many employers feel there is little they can do to reduce opioid risk in the workplace. Most employers feel their hands are tied and expect the occupational medical and health benefit systems are addressing the issue. However, employers must be intentional to shift the status quo to help reduce the risk to their employees and dependents.
Informed employers who take actions can significantly reduce the risk of opioids from three leading gateways for new persistent opioid use:
  1. Prescriptions for both on- and off- the-job injuries.
  2. Surgery — on average, 9% of patients develop persistent opioid use after surgery.
  3. Diversion of over 3 billion pills leftover following surgery each year with 90% of patients not properly disposing them
This session will highlight practical policy, procedural, educational, and communication strategies to reduce opioid risk in Workers Compensation and Employee Benefits programs and programs. Learning objectives of this sessions are:
  • Understand how the construction industry continues to be impacted by the lingering opioid crisis
  • Learn how non-opioid pain medication can reduce the risk of addiction and address surgical pain management
  • Discover how multimodal pain relief using over-the-counter medications are better suited for surgical pain relief with three times the pain relief than opioids.
  • Understand how employers can help protect health plan members and dependents from unnecessary risk of opioids during surgery.
  • Learn First Dose Prevention Strategies to help protect workers and families from unnecessary risks of opioids

4:00 PM –
4:30 PM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

4:30 PM –
5:45 PM

Concurrent Sessions

1.5 CPE Credits

Speaker: Ed Shill, QCI

Find out more about the overall state of the economy, financial markets, and how best to structure your investment strategy. Topics for discussion will include the stock market, interest rates, individual stocks, and selected investment ideas for the balance of 2023 and into 2024.

1.5 CPE Credits

Speakers: Jim Lundy, Marcum; Gary Stirbis, Moss Adams; Kelli Franco, Moss Adams

This session will cover updates to tax legislation, litigation, and regulation related to construction contractors and their tax compliance.

Additionally, this session will include a discussion of construction best tax practices and a review of the tricks and traps available to contractors and their advisors.

Learning objectives of the session are:

Participants will be updated on the latest tax legislation related to their construction clients and their industry.

Attendees will also discuss best tax practices for construction contractors to reduce or defer income taxes.

Recent IRS initiatives and inquiries related to construction company taxes and compliance will also be reviewed.

1.5 CPE Credits

Moderator: Jennie Muniz, FORVIS

Speakers: Kelly Armagost, Crete Mechanical Group; Mark DeVerges, FORVIS; Sarah Windham, FORVIS

The good, bad, and the ugly…private equity tells all! The learning goals of this session are:

  • Define what private equity aspires for in potential acquisitions
  • Current challenges/opportunities facing private equity sector
  • Recruiting talent/resources in current market
  • Dynamics compared to family owned practices

5:45 PM –
6:30 PM

Welcome Reception

Open to all attendees

Sponsored by:

Thursday, October 26, 2023

Registration open from 7:00 AM – 5:00 PM

7:30 AM –
8:15 PM

Continental Breakfast

Open to all attendees

Sponsored by:

8:15 AM –
8:25 AM

Opening Remarks

8:25 AM –
9:40 AM

What is Sustainability Really? A Green Trend or a Business Mindset?

Morning General Session

1.5 CPE Credits

Is business missing a trick for greater profitability and longevity by misinterpreting Sustainability as an environmentalist movement? Let’s explore what Sustainability really is and how US businesses can turn Environmental, Social and Governance (ESG) legislation to an advantage rather than a reporting burden.

The learning objectives of this session are:

  • Understand the concept of Sustainability and how to employ a sustainable mindset for business growth and risk mitigation.
  • Learn about the key strategic ingredients for success.
  • Understand the ESG reporting landscape and what it means for business.
  • Learn about the lessons from UK businesses grappling with ESG reporting requirements.

 

9:40 AM –
10:00 AM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

10:00 AM –
11:15 AM

Concurrent Sessions

Repeated Sessions

1.5 CPE Credits

Speaker: Ed Shill, QCI

Find out more about the overall state of the economy, financial markets, and how best to structure your investment strategy. Topics for discussion will include the stock market, interest rates, individual stocks, and selected investment ideas for the balance of 2023 and into 2024.

1.5 CPE Credits

Speakers: Jim Lundy, Marcum; Gary Stirbis, Moss Adams; Kelli Franco, Moss Adams

This session will cover updates to tax legislation, litigation, and regulation related to construction contractors and their tax compliance.

Additionally, this session will include a discussion of construction best tax practices and a review of the tricks and traps available to contractors and their advisors.

1.5 CPE Credits

Moderator: Jennie Muniz, FORVIS

Speakers: Kelly Armagost, Crete Mechanical Group; Mark DeVerges, FORVIS; Sarah Windham, FORVIS

The good, bad, and the ugly…private equity tells all! This session will enable you to:

  • Define what private equity aspires for in potential acquisitions
  • Current challenges/opportunities facing private equity sector
  • Recruiting talent/resources in current market
  • Dynamics compared to family owned practices

11:15 AM –
11:35 AM

Networking Break / Lunch Pick Up

Grab your lunch in between sessions and be sure to visit our sponsors.

Sponsored by:

11:35 AM –
12:50 PM

The Rise of ClaimsTech: How AI & Automation are Radically Changing the Future of Insurance

Lunch General Session

1.5 CPE Credits

Speaker: James Benham, JBKnowledge

AI and machine learning are allowing the world’s largest industries to process, integrate and predict data like never before—how will that affect how we assess risk? What existing and upcoming technologies are being leveraged to change the way adjusters manage claims? In this keynote, James Benham leads financial professionals through the data, innovations, and issues driving the claims management and insurance systems of the future.

12:50 PM –
1:10 PM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

1:10 PM –
2:00 PM

Concurrent Sessions

1.0 CPE Credit

Speaker: Jillian Nahum, JE Dunn Construction; Rosemary Adams, JE Dunn Construction

Join two members of JE Dunn’s Talent Acquisition Leadership Team as they discuss the keys to attract and hire talent in an unprecedented market. This session will help you:

  • Understand the importance of competitor intelligence and how to use that information to stay competitive in a hot market.
  • Create and leverage an effective marketing strategy to attract the right talent.
  • Identify creative sourcing strategies and learn how to apply them.
  • Define what makes a great candidate experience and understand why it’s the ultimate key to winning the best talent!

1.0 CPE Credits

Speakers: Cynthia Garcia, Bernards; Justin Levine, Shepherd

In these challenging times, it’s important to understand the differentiators within your construction company, your broking team, and insurer partners. It’s also critical to leverage technology and improved or enhanced data exchange to lead to better outcomes. Learn practical strategies from the industry insiders that will help differentiate your risk and build long-term partnerships with your carriers and brokers to leverage best in class results for your company.

The learning objectives of this session are:

  • A 360 view of the importance of developing partnerships to enhance market relationships.
  • Practical tips to develop and implement strategies within your own organization to achieve improved results.
  • Better understand the financial professional’s role for industry submissions (renewals, collateral requirements, etc.).
  • Become an informed consumer; understand what value-add services are available through your industry risk partnerships.

1.0 CPE Credits

Speaker: David Anderson, CLA

From ransomware to business email compromise, cyber incidents and data breaches continue to impact construction companies of all size and complexity. During this session, we will review current cybersecurity frameworks and controls that will help you manage cyber risks within your own business.

1.0 CPE Credits

Speaker: Dave Pesce, Munich Re Specialty Insurance

Surety Underwriters have certain preferences in how financial statements should be presented that assist them in completing their underwriting process.  This session will review those preferences so you can better provide this information to your surety.

2:00 PM –
2:20 PM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

2:20 PM –
3:10 PM

An Update from the Financial Accounting Standards Board

Afternoon General Session

1.0 CPE Credits

More information to come.

Speaker: Jim Kroeker, FASB

What accounting changes are in store for construction industry finance professionals through the end of 2023 and beyond? What should you prepare for? Financial Accounting Standards Board (FASB) Vice Chairman Jim Kroeker will share everything you need to know—and how you can make your voice heard during the standard-setting process.

3:10 PM –
3:30 PM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

3:30 PM –
4:45 PM

Roundtable Breakouts

1.5 CPE Credits

Moderators: Jim Lundy, Marcum; Gary Stirbis, Moss Adams; Kelli Franco, Moss Adams

Interactive panel/participant program addressing hot issues relative to income tax strategies and techniques, procedures to adopt and adapt to changes with focus on questions from conference participants.

1.5 CPE Credits

Moderator: Mike Trammell, FORVIS

This will be a thought provoking roundtable session discussing a wide range of topics facing construction industry financial professionals. We will cover many areas such as Financial Processes, Post-Pandemic Issues, Human Resources, Succession Planning, and Technology. Come be a part of this key discussion and learn how to leverage best practices for success from your peers.

1.5 CPE Credits

Moderator: James Benham, JBKnowledge

1.5 CPE Credits

Moderators: Dave Allison, Crossland Construction; Richard Forrestel, Jr., Cold Spring Construction

Large or small, public or private, family or disparate ownership, all construction companies have challenges and issues unique to our industry. This roundtable discussion will cover the many facets of our industry.

Sponsored by:

4:45 PM –
5:30 PM

Reception

Open to all attendees

Sponsored by:

Friday, October 27, 2023

Registration open from 7:00 AM – 12:00 PM

7:30 AM –
8:00 AM

Continental Breakfast

Open to all attendees

Sponsored by:

8:00 AM –
9:15 AM

Inside the Political Circus: AGC Political / Economic Update

Morning General Session

1.5 CPE Credits

Our panelists from AGC of America will be providing an update regarding the current political and economic landscape surrounding the construction industry.

9:15 AM –
9:30 AM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

9:30 AM –
10:45 AM

Concurrent Sessions

1.5 CPE Credits

The number of women in the construction industry is at an all-time high and has steadily increased since 2016 according to the Bureau of Labor Statistics. However, women still only account for 14% of the industry. Join our panel of women from the industry to discuss their journey in construction and their thoughts on how to grow, mentor and promote women in our construction companies.

Moderator: Jackie Buck

Panelists: Erin Volk, AGC of California; Sarah Tough, J.E. Dunn; Samantha Hutchison, Brookstone Texas

1.5 CPE Credits

Speaker: Chad Pearson, Plexxis

Selection and implementation of an ERP is an important, and often daunting task. How does a buyer navigate a selection process that can be mired with confusing terminology, lofty promises, and big dollars? Once an ERP is purchased, where does a financial professional begin to ensure that the implementation and adoption process achieves internal objectives and timelines? How can you truly get what you paid for? During this session, Chad Pearson (aka Builder of Truth) will discuss the specific, actionable steps and best practices that enable contractors to not only select the correct ERP for their needs, but to ensure that the implementation process is as painless as possible.

1.5 CPE Credits

Speaker: S. Matthew Katz, Limbach Holdings

Few issues challenge the construction industry as acutely and persistently as ownership transition, or are more misunderstood and inefficiently executed by the principals involved. This session will:

  • Discuss the concept of creating Enduring Transactable Value
  • Explore the advantages and disadvantages of common ownership transition strategies
  • Review the art and science of valuation methodologies employed by buyers
  • Develop strategies for executing an ownership transition process that is efficient and maximizes value

10:45 AM –
11:00 AM

Networking Break

Grab a quick coffee in between sessions and be sure to visit our sponsors.

Sponsored by:

11:00 AM –
12:15 PM

Passing the Baton: Generational Transition

Closing General Session

1.5 CPE Credits

Speaker: Chad Pearson, Plexxis

Learn about ‘not-so-obvious’ and highly challenging barriers to succession and generational transitions, as well as practical tactics to help overcome the barriers while simultaneously closing skill, knowledge and communication gaps.

The 2023 Construction Financial Management Conference will feature 26 interactive sessions, with up to 17 in-person CPE credits.  In addition, four sessions will be offered as a complimentary 75 minute webinars after the conference concludes, which will grant an additional 6 CPE credits to attendees. These sessions are denoted with an asterisk (*) in this agenda, and more information can be found on our Webinars page.

Schedule subject to change.

The Construction Financial Management Association (CFMA) 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 the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

The Certified Construction Industry Financial Professional (CCIFP) designation is the only standard to recognize financial professionals who truly know the business of construction. Credits earned at this conference are eligible toward CCIFP recertification requirements.

About the Conference

The Construction Financial Management Conference is jointly sponsored by the Associated General Contractors of America (AGCofA) and the Construction Financial Management Association (CFMA). This conference is specifically for financial professionals in the construction industry to dialogue and address situations unique to the industry.

If you are an owner, CFO, controller, CPA, auditor, consultant, banker, surety or legal professional … this conference is for you.

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