Addressing Unfair Payment Practices

Description

Electrical contractors are expected to manage many forms of risk; some of which is inherent to the trade. Other forms of risk, such as payment practices that result in carrying the cost of capital for 30-60-90 days, have a significant impact on your ability to remain financially solid and/or acquire new work. This ELECTRI research project identifies strategies that address unfair payment practices and protect the interests of electrical contractors.

Speakers

• 

  Michael McLin

  Michael McLin is the Managing Director at Maxim Consulting Group responsible for leading the business and guiding the strategic direction. Michael works with construction related firms of all sizes to evaluate business practices and assist with management challenges. Having worked in the industry, Michael has developed a practical and objective perspective to solving business challenges. Mr. McLin is a nationally recognized, dynamic public speaker and published author that works with many NECA contractors to achieve best-in-class results.

• 

  Stephen Bonebrake

  Steve is a Director at Maxim Consulting Group, working with construction firms to address strategic, operational and financial issues. Prior to joining Maxim, Steve was CFO of a rapidly growing construction company where he transformed the financial and strategic operations of the company and led business development activities. This included deploying an ERP system to integrate all applications and centralize data, which facilitated the opportunity to re-engineer business processes and implement software to automate key business processes. Steve recruited and trained the finance and administrative staff during a period of exceptional revenue growth and was responsible for all banking relationships, including expanding the firm’s borrowing capacity to meet working capital requirements.