Budgeting process for a construction company
Topics covered : Budget item calculation, budget variance analysis, bidding process.
Subcategories covered : Training not specific to work execution
General objective :
Be able to prepare forecasted financial statements and analyze budget variances.
Specific objectives :
- Learn budget calculation methods;
- Choose the budgeting method best suited to the company's budget items;
- Calculate budgets and prepare projected financial statements;
- Calculate budget variances;
- Interpret budget variances;
- Identify the financial components of a bid and judge the relevance of "negotiating" a final price.
Contents:
Participants learn financial terminology and develop their ability to operate the budgetary cycle of a company operating in the construction sector.
Budget process : Balance sheet forecasting, income statement forecasting, traditional method, ratio method, item development method, sales percentage method; budget variances, fixed and variable costs.
Submission :Variable site costs, variable operating costs, indirect variable costs, fixed site costs, fixed operating costs, margin for maneuver, profit percentage.
Delivery mode: Virtual
Cancellation / Modification
All requests to cancel or modify an activity must be made in writing 10 working days before the event. APECQ retains the full amount of the registration fee if the request to cancel the activity is made 9 working days or less.
In all cases, APECQ agrees to modify the activity at no charge. In addition, it is possible to be replaced by another person, to whom the certificate will be sent.
APECQ reserves the right to cancel any training activity. In such a case, APECQ's sole responsibility will be to reimburse in full the registration fees paid by the participant.