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7:00 am Registration

8:00 am Chair’s Opening Remarks

  • John Hale Principal, Certus Energy Consultants

Exploring Macro-Economic Trends

8:10 am The Trillion Dollar Question: When Will the Next Downturn Hit & How Deep Will It Be?

Synopsis

• Determining where we are in the current economic cycle and projecting future
demand: Should you be planning for a downturn?
• Forecasting the severity of the next economic slowdown or recession to determine
the extent to which you should be ready to react
• Comprehending key indicators of a slowdown or recession so you can improve
viability of the business and plan accordingly

9:00 am Audience Discussion: Reviewing the Political Reality to Forecast Federal & State Demand: Will Government Save Construction in the Next Downturn?

Synopsis

• Deciding on whether to rely on a promised potential uptick in federal government
projects or pursue projects in the private space
• Preventing investment in states at risk of bond defaulting through risk profiling:
benchmarking legislation, political instability and financial viability
• Dealing with the potential for delays on large federal projects and ensuring hard
bids are not underestimated to protect cash flow and profitability

9:30 am Expert Panel: Forecasting Demand in the US Construction Market

Synopsis

• Reviewing the demand across market sectors: what’s happening in commercial,
industrial, infrastructure, healthcare, residential and elsewhere?
• Comparing investment by region: Will all states grow or shrink in alignment, or are
there areas of lower and higher risk?
• Appreciating the level of confidence with which we can project the future: what
do we know and what are we guessing?

10:00 am Speed Networking & Morning Refreshments

10:50 am Revealing Ways to Diversify, Reduce Risk or Otherwise Prepare Your Business for the Full Spectrum of Possible Economic Futures

Synopsis

• Understanding what can be done to win work further ahead in safe markets to see
you through a potential downturn
• Structuring your company such that overheads can be reduced, but the
opportunity to scale up still exists to react to market conditions
• Deciding how to diversify the firm’s portfolio to decrease reliance on any one
market
• Evaluating your essential customer base to ensure you select the right clients and
projects in the face of an economic downturn

11:30 am Audience Discussion: Where Are We on the Boom & Bust Cycle?

Synopsis

• This is your opportunity to discuss with your peers in the industry how they view the
current economic and political climate and where we are in this cycle. Benchmark
your protection and diversification approach to see how best to protect your
business before the recession or slowdown.

12:00 pm Networking Lunch

Advanced Subcontractor Prequalification

1:00 pm Lessons Learned from Prequalification: Ensuring Every Sub Has Sufficient Liquidity & Credit Worthiness for Your Projects

  • Ed Littleton Senior Vice President of Risk Management, Balfour Beatty
  • Marj Weber CFO & Treasurer, Irontree Construction

Synopsis

• Ensuring that selected subcontractors are not taking on beyond their capacity by
being contracted to too much work on your project or taking on work elsewhere
• Determining whether the subcontractor has the financial cushion and liquidity to
withstand late payments and still pay their laborers in a timely fashion
• Gaining confidence in selection decisions when full access to all subcontractor
financials and information is not available
• Looking into the future: what can be done to prevent subcontractor defaulting
even with good internal processes in place to identify credit worthiness?
• Prequal from the subcontractor view what do subcontractors need to support GCs
in the prequalification process

1:50 pm How to Effectively Mitigate Subcontractor Risk Using Data, AI, and Machine Learning

Synopsis

  • How can information from different construction phases enrich evaluations and
    create prescriptive mitigation plans
  • How data aggregation can be used collectively to reduce risk both in the office
    and in the field
  • What happens when industry partners collaborate via technology to reduce risk
    across the industry

2:20 pm Assessing the Insurance, Safety & Quality Policies of Your Subs to Identify Low-Risk Project Partners

Synopsis

  • How to gain visibility and understand the track record, litigation history and
    insurance coverage of a subcontractor
  • Investigating a subcontractor’s safety programs to ensure they are a partner you
    want to embark on a project with and meet your insurance requirement
  • Picking a subcontractor that can meet quality standards to ensure you meet your
    promise to your client

3:00 pm Construction Risk: Evolution of Prequalification & Pre-Construction

Synopsis

  • Pros and Cons of using Third Party Prequalification Tools
  • The scariest Risks are the ones you don’t know and how to mitigate the risks that
    you do know
  • Data is a 4-letter word

3:20 pm Afternoon Refreshments

Risk Allocation Trends

4:00 pm Panel: Optimizing Risk Sharing to Reduce Cost for Clients & Improve Margins for Contractors

  • Ed Littleton Senior Vice President of Risk Management, Balfour Beatty
  • Will Lichtig Executive Vice President | Performance & Innovation, The Boldt Company
  • Lacee Louderback Legal Counsel & Risk Management, DPR Construction

Synopsis

• Exploring the feasibility of a more transparent culture between owners and contractors so there is shared
understanding on what risks lead to which contingencies
• Understanding what the best scenario would be for contractors to take on an acceptable amount of risk and
secure appropriate profit margins
• Considering ways that owners may be influenced to take on risk to their own benefit so the balance can be
optimized

4:40 pm Chair’s Closing Remarks

  • John Hale Principal, Certus Energy Consultants

4:50 pm End of Day One