Finance
Finance
PMs: Protect Your Rights Under AZ’s Prompt Pay Act
The Learning Lab 5555 E Van Buren St Suite 115, Phoenix, AZ, United StatesArizona’s prompt pay laws govern payment on most commercial and public sector construction projects in this state. These laws are designed to ensure timely payments to contractors, subcontractors, and suppliers. To operate effectively within the framework of these statutes it is important that the rights, obligations, and remedies they create are understood at the project […]
Introduction to Construction Financials
The Learning Lab 5555 E Van Buren St Suite 115, Phoenix, AZ, United StatesIn this class, Matt Waller of Pope Waller introduces how finances work in the construction industry. Attendees are exposed to: A basic understanding of the accounting process in construction Important construction accounting terms Underbillings and overbillings How finances impact the construction process *** The Academy for Construction Excellence presents a series for those individuals new to the […]
The Vital Role of PMs in the Pursuit Process
The Learning Lab 5555 E Van Buren St Suite 115, Phoenix, AZ, United StatesThe PM and the superintendent are essential contributors to pursuits. Why is their input so important? The build the job, look after funds and are responsible for executing the work. More and more often, RFQs and shortlist letters state that the PM and/or the superintendent must participate in the interview process. While it's valuable to […]
Contract Structure and Monthly Pay Apps
The Learning Lab 5555 E Van Buren St Suite 115, Phoenix, AZ, United StatesThis session introduces the interconnectedness of contract structuring and monthly payment application processes. This foundational knowledge is essential for understanding how GCs and subs are paid throughout a project. Attendees will learn: The various contract types About pay apps and the role they serve How construction companies manage payments How contract types and pay […]