Blueprints for Success: Mastering Construction Job Estimating and Costing
About the webinar
Join us for an insightful webinar that delves into the core of job costing and cost estimating in the construction industry. Accurate cost tracking is critical to ensuring project profitability and preventing costly mistakes. This webinar will walk through the essentials of job costing, its key components, and how to interpret cost data for smarter decision-making. Whether you’re managing a small project or a multi-million-dollar venture, mastering job costing is essential for growth and success.
Industry expert Jerry Aliberti, owner of Pro-Accel, will share over 20 years of construction experience, providing practical tips to help contractors improve cost tracking, integrate technology, and make data-driven decisions. Learn how to avoid common pitfalls, optimize project profitability, and enhance your estimating process.
Key Takeaways:
- The importance of accurate job costing and cost tracking
- How labor, materials, overhead, and indirect costs impact profitability
- Common errors in cost tracking and how to avoid them
- Tools and software to streamline job costing
- Understanding cost data for better decision-making
- Actionable tips to improve your cost tracking and estimation process
Agenda
- Understand the importance of having a business plan for your construction company.
- Learn how a well-defined business plan can help you clarify your vision and objectives.
- Understand the role of market research in analyzing your target market and understanding customer needs and preferences.
- Learn how to identify the services you will offer and how they differentiate you from competitors.
- Understand what is involved with a strong marketing and sales plan to attract clients and generate leads.
- Learn the factors to consider when determining your business operations, including staffing, equipment, and supply chain management.
- What factors should be considered while creating financial forecasts, including revenue projections, expenses, and cash flow analysis?
Agenda
Agenda
- Motivations
- Objectives
- The Critical 4 numbers every CEO should be watching
- Stage 1 - The Process of Building a Budget
- Stage 2 - Managing the Project
- Stage 3 - Project Post Mortem
Agenda
- Understanding the 7 critical phases of the project life cycle: Concept, Criteria, Configuration, Construction, Commissioning, Completion, and Closeout.
- Deep dive into Budget, Schedule, Quality, and Safety.
- Strategies to balance these pillars and ensure project success.
- The dynamics of assembling and managing a strong construction team.
- Roles, responsibilities, and the importance of communication and collaboration.
- Important steps to take when closing out the project and getting it ready for owner occupation
Agenda
- Why are you posting?
- Who are you targeting?
- What should you post?
- Where should you post?
- When should you post?
- How should you go about doing social media?
Agenda
- Elevate standards of care for their team
- Resolve production challenges efficiently
- Cultivate buy-in
- Spread the gains across teams
Agenda
- What is a 401(k) plan?
- How it helps with employee retention and recruitment
- How Human Interest simplifies 401(k) for small and medium businesses
- Key benefits and compliance support for construction companies
- Cost breakdown overview
- Affordability for small to mid-size companies
Agenda
- Background on the FAR, uniform guidance, and unique requirements for federal jobs
- Summary of Davis-Bacon prevailing wage and administrative requirements
- DOL 2023 update to DBRA implementing regulations and ongoing legal challenges
- Related development: Project Labor Agreement (PLA) mandate for large federal construction contracts
- Compliance challenges and best practices
- Features of an effective ethics and compliance program, per DOJ’s Evaluation of Corporate Compliance Programs (updated Sept. 2024)
- Requirements for federal contracts and federally-funded projects
- Recent developments for federal grants and assistance: whistleblower protections; mandatory disclosures; debarment standards
- Enforcement trends: bribery and kickbacks; collusive bidding (including an update on DOJ’s Procurement Collusion Strikeforce); False Claims Act
- Compliance challenges and best practices
Agenda
Agenda
Agenda
- Importance of job costing in construction.
- How accurate cost tracking impacts profitability.
Agenda
- Why contracts are essential to project success.
- The impact of well-drafted contracts on profitability and risk management.
- Overview of crucial terms such as scope of work, payment terms, and schedule.
- How these terms impact your rights and obligations.
- Indemnity clauses: What they mean and how they can impact your business.
- Liquidated damages: Understanding their purpose and negotiating reasonable terms.
- Change orders: Ensuring clarity and reducing disputes.
- Termination clauses: Protecting yourself against unfair termination.
- Tips for negotiating contracts to minimize risk and maximize profit.
- Understanding leverage points and how to use them effectively.
- Common mistakes contractors make when reviewing contracts.
- How to spot and address red flags before signing.
- Best practices for staying on top of your contractual obligations.
- How to track compliance with key contract provisions.
- Practical advice for improving contract review and negotiation skills.
- Leveraging professional advice when needed to safeguard your business.
Agenda
- Explore the current state of construction finance and how AI is driving innovation in project cost management and payroll.
- Leveraging AI to streamline budgeting and forecasting
- Predictive analytics for better cost control and risk management
- How AI-driven payroll systems reduce administrative burden
- Real-time compliance tracking with AI technology
- Live demo of AI tools developed by Lumber and Premier
Speakers
With over 20 years of experience in the construction industry, Jerry Aliberti, owner of Pro-Accel, has held senior leadership roles managing and overseeing projects for some of New York City’s top Heavy Civil and Commercial construction companies. As both a Project Manager and Superintendent, Jerry successfully led projects with a combined value of over $300 million. As a Senior Estimator, he’s estimated projects worth more than $10 billion. Jerry's hands-on experience spans contractors with annual revenues from $100 million to $1 billion, and today he works with small to mid-sized contractors nationwide at Pro-Accel. Jerry understands the complexities of both large and small-scale projects, having witnessed firsthand the financial outcomes of both poor and excellent decisions. Jerry’s passion is helping contractors secure higher-quality bids, deliver more profitable projects, and scale their businesses with less chaos and more success.
A noted influencer and self-proclaimed troublemaker in the construction industry. Lance brings a unique perspective and wealth of experience to the table, making him the perfect guide for our webinar series.
