Feb 27 - 29, 2024 | Las Vegas, NV
Feb 27 - 29, 2024
LAS VEGAS, NV

Work-in-Process: Your Secret Weapon for Improved Performance & Profitability

Thursday, February 29 | 8:30 - 9:30 AM
LVCC - West 220

  • What It's About
  • What You'll Learn
  • Speakers
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    What It's About

    Join us for an essential session on the work-in-process (WIP) schedule, a critical financial tool often overlooked by builders and remodelers. Gain an understanding of its key components and learn best practices to project margins more accurately, calculate over and under billings, analyze contracts for profit gain or fade, and more. Leave with the tools needed to generate an up-to-the-minute snapshot of projected profitability on each and every project and ensure precise data for informed decision-making.

    What You’ll Learn

    • Identify the key components of a work-in-process schedule.
    • Understand the difference between margin and markup.
    • Calculate the over and under billings of a contract in process (contract assets and contract liabilities).
    • Learn how to analyze a contract for profit fade or gain.

    Speakers

    Picture of Alison Johnson
    Associates in Building and Design, Ltd.
    Picture of Dave O'Brien
    Mosley Glick O’Brien, Inc.
    Picture of Heather Schreiner
    Associates in Building and Design, Ltd.

    Details

    Registration Type
    Expo+Education Pass
    Track
    Project Management
    Format
    Building Knowledge Session
    Level of Content
    Intermediate
    Who Should Attend
    Remodelers, Subcontractors & Specialty Trade Contractors, Single Family Builders - All Types

    Continuing Education
    NAHB - 1.00 CE hour(s)
    © 2023 National Association of Home Builders of the United States. All rights reserved.
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