This is the eighth in our fourteen-part webinar series The Advanced Webinar Series on Construction Contracts, Claims and Risk Management. Focusing on the Subcontractor's perspective and its interests, this course provides an in-depth analysis of pass-through aspects of construction contracts and the methods of recognizing and accounting for the risks arising from the construction project, including the claims and notice requirements associated with changes, differing site conditions, delays, disputes, and payment terms. The course addresses methods of perfecting and presenting Subcontractor claims and disputes whether they arise from General Contractor conduct, other Subcontractor's conduct, or from the Owner's conduct. The discussion focuses on the contract terms as they impact the Subcontractor in recognizing the risks and properly account for them in negotiating the subcontract and administering it during performance. Learning Objectives: After completing this course, you will be able to:  Understand the Subcontractor's perspective regarding the language and parts of the Changes clause under the FAR government contract clause and the private construction AIA contract clause.  Recognize how flow-through among the Owner, General Contractor and the Subcontractor(s) affects the rights and obligations of Subcontractor.  Understand the Disputes Clause and how the concept of flow-through and contract drafting can protect the Subcontractor.  Understand how bond claims can be addressed through contract drafting and flow-through.  Identify the Subcontractor's position on the basic risk assignment issues among the Owner, the General Contractor, and the Subcontractor(s).  Identify potential language to amend and adjust the clauses according to your risk assessment.

This is the seventh in our fourteen-part webinar series The Advanced Webinar Series on Construction Contracts, Claims and Risk Management. Analyzing the General Contractor's perspective and how it may protect its interests, this course provides an in-depth analysis of pass-through aspects of construction contracts and the methods of recognizing and accounting for the risks arising from the construction project. The program covers the claims and notice requirements associated with changes, differing site conditions, delays, disputes, and payment terms, including methods of dealing with Subcontractor claims and disputes when they arise from Owner conduct or when arising from General Contractor conduct. The object of the course is to recognize the risks and account for them in negotiating and administering the prime contract and its subcontracts during performance. Learning Objectives: After completing this course, you will be able to:  Understand the General Contractor's perspective regarding the language and parts of the Changes clause under the FAR government contract clause and the private construction AIA contract clause.  Recognize how flow-through among the Owner, General Contractor and the Subcontractor(s) affects the rights and obligations of the General Contractor.  Understand the Disputes Clause and how the concept of flow-through and contract drafting can protect the General Contractor.  Understand how bond claims from Subcontractors can be addressed through contract drafting and flow-through.  Identify the General Contractor's position on the basic risk assignment issues among the Owner, the General Contractor, and the Subcontractor(s).  Identify potential language to amend and adjust the clauses according to your risk assessment.

February 21, Noon-1:00 pm ET - In this presentation, we discuss various situations that require a company to prepare a cost impact proposals when altering a "cost accounting practice" (48 CFR 9903.302-2). We explore the rationale behind these various types of changes, challenges in isolating cost accounting practices, while navigating through a mire of ambiguity. After an introduction, in which we discuss situation in which a cost impact proposal is needed, we specifically explore: 1. Types of accounting changes that give rise to the requirement to submit a cost impact proposal (required, desirable or unilateral) 2. Differences between requirements for General Dollar Magnitude (GDM) and Detailed Cost Impact (DCI) cost impact proposals 3. The process for resolving cost impacts identified in cost impact proposals Brought to you by CohnReznick This live webinar is eligible for both CLE and CPE credit. NOTE: CPE/CLE credit for attendees is subject to participation and approval by the governing boards. About the speakers: Jeff Witt and Darrell M. Hineman

September 13, 1pm- 2pm ET - ASC 606 is all about revenue recognition, a process which is historically inconsistent across companies and industries. The guidelines are about the results of your end-to-end processes starting with contracts, through pricing, quotes, orders, and ending with revenue recognition. The full name of the rule is ASC 606: Revenue from Contracts with Customers. While the effective dates for the new guidance were staggered and delayed, they are now upon us. Many public entities have already implemented ASC 606, and nonpublic entities are required to implement ASC 606 in their first annual reporting period beginning after December 15, 2018. Please join Carl Kumpf, NeoSystems Consultant, CPA, and Principal at Integral Financial Group for this 1-hour webinar designed to teach you how to optimize revenue recognition. Mr. Kumpf has been at the forefront of helping companies meet the requirements of ASC 606 since the FASB first issued the standard in 2014. He brings decades of knowledge by servicing a diverse client base throughout the DC Metro Area and beyond, helping them conquer complex challenges in finance, accounting and compliance.