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Masterclass Training: Understanding the Numbers in Construction - VILT

Maximize Profit, Control Costs, and Drive Project Success

A practical, real-world training course for construction professionals who want to improve project execution and strengthen financial results. Learn how to manage budgets, track costs, control change orders, reduce risk, and lead more successful projects - from field to financials.

Understanding construction costs and estimates is critical for all roles. Project managers use it to control costs, accounting and admin teams rely on it for budgeting and reporting, and G&A leaders need it to manage overhead and guide strategic decisions. When everyone understands the numbers, the whole operation runs smoother - and profitably.

Delivered over three half-day (4-hour) sessions, this course takes participants through the real-world lifecycle of a construction project - from concept and estimating to closeout and financial wrap-up. Whether your projects are under $1 million or over $100 million, mastering operations and financial controls is key to reducing costs, improving productivity, and protecting profits.

Whether you work in operations, supervision, estimating, accounting or executive leadership, Masterclass will help you bridge the gap between field execution, finance and strategy to improve coordination, reduce costs and increase profits.

You Will Learn To:

  • Efficiently manage project lifecycles
  • Build robust cost controls and job costing processes
  • Connect estimating with field execution and financial reporting
  • Manage contracts and change orders to protect cash flow and margins
  • Key principles to improve labour productivity and site logistics
  • Minimize the misleading effects of revenue and cost accruals on financial reports
  • Identify the costs and underlying causes of productivity gaps

Who Benefits by Attending?
Masterclass is ideal for anyone responsible for delivering profitable work: project managers, estimators, supervisors, accounting staff, and company executives. Participants will understand how operational and financial decisions affect project success and company performance. The comprehensive course manual contains tables, case studies, financial and cost reports.

Bonus Tools Included:

  • Checklists for cost control & productivity
  • Templates for forecasting and reporting
  • Change order and risk management guides
  • Real-world case studies

Course Format:

  • Virtual instructor-led training (live and online). 
  • This course is facilitated by the instructor via Zoom. Access information from the instructor will be provided to you in advance of the training.

Course Requirements (Technology & Participation):

This course requires full face-to-face interaction and participation from both the instructor and students. In order to attend, you’ll must make sure you have the following:

  1. Computer or laptop with webcam (webcams are mandatory): This course will involve 100% on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, and we do not permit students to attend using a tablet or cell phone.
  2. A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for attendance in an in-class program.

Course Dates:

  1. September 30, 2025 - 8:30am-12:30pm
  2. October 1, 2025 - 8:30am-12:30pm 
  3. October 2, 2025 - 8:30am-12:30pm 

Attendance in all sessions is mandatory for course completion.

Next Scheduled Date:  December 2-4, 2025

Course Credits:

  • 4 - CCA Gold Seal Credits 
  • 12 - BC Housing CPD points

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Course Credits Information
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Gold Seal Credits:
4
Course Certificates

Upon successful completion of this workshop a digital copy of your certificate will be emailed to you.

Course Instructor Information

Facilitator: Wayne Newell, Wayne Newell Management & Seminar Services

Wayne Newell has over 35 years of experience in financial and operational management across construction, manufacturing, and service sectors in Canada, the U.S., and the Caribbean. A CMA since 1972, Wayne has trained more than 4,000 construction professionals in the past 20+ years. His courses are known for being clear, relevant, and results-focused, helping contractors improve performance and profitability.

Course Contact Information

training@sicabc.ca
778-721-8451

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