Earn 12 CPE Credits – Course Level:  Intermediate

Seminar Leaders |  Program Schedule |  Learning Objectives | CPE   | Fee

$100 Early Registration Discount Available until June 30, 2023 = $795 – REGISTER

This new interactive virtual seminar is designed for any owner organization using Cost Plus Fee with Guaranteed Maximum Price (GMP) construction contracts. 

The following is a list of typical owner organizations who use Cost Plus Fee with GMP construction contracts (including those who often use Construction Manager at Risk (CMAR) or Design-Build (D-B) for their larger more complex construction projects: 

• Public and Private University Systems 
• Community College Systems 
• Independent School Districts 
• Charter Schools 
• City and County Government Agencies 
• State & Local Governments, Airports 
• Federal Government Agencies 
• Any private or public sector organization building projects such as: 
  • Office Buildings 
  • Manufacturing Plants 
  • Hospitals 
  • Warehouses and Distribution Centers 
  • Data Centers 
  • Multi-Family Residential Developments (Condos or Apartments) 
  • Hotels and Resort Properties 

Who Will Benefit from this Program:

• • Architects
  • Attorneys
  • CFO’s and Controllers
  • Construction Audit Consultants
  • Construction and Engineering Department Representatives
  • Contract Administrators
  • Cost Engineers
  • Facilities Management Department Representatives
  • Internal Audit Professionals
  • Procurement Department Representatives
  • Program Managers

Program Schedule

All sessions will be held via Zoom from 10:30 am to 2:30 pm Central Time from Dallas, Texas (timeanddate.com).

• Please log in early. Start time:  10:30 am CT | 11:30 am ET | 9:30 am MT | 8:30 am PT
• Breaks will be provided. (two 10-minute breaks and one 20-minute break each day)

Please mark your calendar for the following sessions:

Part 1:  Tuesday – August 29, 2023 – 4 hours – 4 CPE

Part 2:  Wednesday – August 30, 2023 – 4 hours – 4 CPE

Part  3:  Thursday – August 31,  2023 – 4 hours – 4 CPE

Learning Objectives

Participants will:

• Learn the latest best practices in use for construction cost control:
  • Creating CM contracts to close loopholes that can increase construction costs significantly
  • Reviewing and approving GMP submittals by CM’s
  • Reviewing, approving and tracking GMP subcontract buy-out gains or losses
  • Requiring supporting documentation for payment applications and reconciling CM cost records and related documentation to their final cost accounting
  • Analysis, approval and audit of change order proposals submitted by CM and subcontractors
• Learn the pros and cons of reimbursing (or not reimbursing) for the following:
  • Labor and labor burden
  • Performance and payment bonds
  • Subcontractor Default Insurance (SDI)
  • Contractor Controlled Insurance Programs (CCIP)
  • Required insurance
  • Self-performed work by CM
  • Contractor-owned equipment
  • Purchases thru contractor-owned subsidiaries, etc.
  • Shared savings
  • Lump sum
  • CM warranty
  • AGC/ABC fees
  • Data processing
  • Textura
  • Contractor proprietary software

Seminar Leaders

Rich Townsend
President

Construction Audit & Cost Control Institute, Inc.

Rich Townsend is President of The Construction Audit & Cost Control Institute, Inc. and Principal of the consulting firm R. L. Townsend & Associates, LLC, which provides construction audit and construction cost control consulting services to Owners.

Since 1985, Mr. Townsend has been the instructor for the seminar entitled “Controlling Construction Costs” and “Effective Auditing of Construction Activity” sponsored by Courtenay Thompson & Associates. He has also instructed in-house seminars related to construction contract audit and construction cost control for a wide variety of organizations and industries throughout the United States and Canada.

Prior to starting his consulting firm, Rich spent 13 years with the auditing department of a major retail corporation. During his internal auditing career (1971-1984), he served in several staff and audit management positions with a specialization in audits of construction contract activity.

Mr. Townsend is a Certified Internal Auditor (CIA), a Certified Public Accountant (CPA), and Certified Construction Auditor (CCA). He currently serves on the advisory board for The National Association of Construction Auditors.

He is a graduate of Waynesburg College (Waynesburg, Pennsylvania) where he obtained a Bachelor of Science Degree with a major in accounting.

Debbie Townsend
President

R. L. Townsend & Associates, LLC

Debbie Townsend has managed construction audits at the firm since 2001.  Effective January 1, 2012, she became the president and majority owner of R. L. Townsend & Associates and is responsible for the majority of the construction audit engagements currently performed by the firm.

Debbie is often invited by owners to conduct workshops and/or provide assistance on contract language and establishing efficient construction audit processes. She has served as a construction audit expert by providing testimony relating to construction contract and audit issues in legal disputes. Prior to joining R. L. Townsend & Associates, Debbie was an internal audit manager with EDS.

Program Fee

$100 Early Registration Discount Available Until June 30, 2023 = $795 – REGISTER

REGULAR SEMINAR REGISTRATION Fee = $895

Program fee includes instruction and all program materials.

Cancellation and Refund

If you register for a virtual training and are unable to attend, please notify us by email and we will apply your credit toward any future training. For information regarding refund, concerns and/or program cancellation please contact Marie Jones at 254-736-0309 or email  marie.jones@caacci.org

CPE

All participants are eligible to receive up to 12 Continuing Education Credits (CPE’s) to fulfill professional accreditation requirements. Field of Study: Auditing. Course Level: Intermediate. Group-live, lecture-style seminar; no prerequisites or advanced preparation required. For information regarding CPE, complaint, or program cancellation, please contact Marie Jones at (254) 736-0309 or Rich Townsend at (972) 679-6762 or email info@caacci.org.

Construction Audit & Cost Control Institute (CAACCI) is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Register Using the Form Below

$100 Early Registration Discount Available Until June 30, 2023 = $795

Regular Seminar Registration Fee = $895.00

To Register by Telephone:  Call Marie Jones at (254) 736-0309

• Your registration confirmation will be emailed to you after you register.  If you do not see it in your Inbox, check your “Other” folders and add us to your email service list of “Safe Senders” to receive future emails containing seminar details.
• To Pay by Check:  Select the option to “pay later” and we will email an electronic invoice.
• To Register a Group:  Select the quantity in the form below.
• International Payments:  must be made by credit card in advance of this seminar.
• Need Assistance: Contact Marie Jones through the chat box, call (254) 736-0309 or email: marie.jones@caacci.org

Click here for a copy of a W-9 for Construction Audit & Cost Control Institute, Inc.