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Understanding Paid-If-Paid Law: Risks and Implications for Contractors and Subcontractors

Spencer S. Allen, JD

Paid-if-paid clauses in construction contracts shift the risk of non-payment from the general contractor to the subcontractor, meaning that the subcontractor will only be paid if the general contractor is paid by the owner. This can have significant implications on cash flow, project management, and legal disputes. In this talk, we will discuss the history and legal landscape of paid-if-paid clauses, their effects on contractors and subcontractors, and alternative contract provisions and strategies to mitigate their risks. Participants will gain a deeper understanding of paid-if-paid law and its potential benefits and pitfalls, making this talk ideal for construction industry professionals, project managers, and anyone interested in understanding the complexities of construction contracts.

Market and Economic Update

Zubair Khan, CFA, CFP

This presentation will provide an overview of the current state of the U.S. economy and financial markets. We will discuss recent trends and events that have impacted economic growth, inflation, interest rates, and stock market performance. Participants will be presented with insights and analysis on the key economic indicators and factors influencing market trends. Attendees will leave with a better understanding of the current market and economic landscape and its implications for their financial planning and investment decisions.

Is It Time to Upgrade Your Accounting System?

Dorrie Franzello-Kurtz, CPA

This presentation will provide tips for construction companies on how to choose the right accounting software for their business. We will discuss key features to look for, as well as the importance of scalability and compatibility with other software used in the construction industry. We will also cover tips for a successful transition to a new accounting software, including data migration and employee training, while also addressing potential challenges that may arise during the process.

By the end of this presentation, construction companies will have a better understanding of how to select the appropriate accounting software to improve their financial management and streamline their operations.

Focusing your Efforts in the Right Place

Stephen Weber, MBA, CISA

In today’s fast-paced and data-driven business landscape, it’s essential to have a clear understanding of the data you have, what’s important, and how it flows throughout your organization. This session will cover the following key topics:

  • Identifying the type of data you have,
  • Examining a risk-based approach to determine what data is important to you,
  • Understanding how data flows throughout your business,
  • Restricting access when necessary, and
  • Strategies for implementing a data governance program.

Construction M&A in the Current Economic Environment

Ryan Donnelly, MBA

What impact does the broader macroeconomic environment have on the current construction M&A environment. Discussion focused on current macroeconomic conditions and impacts to the construction industry as a whole along with evolving M&A trends.