Navigating the Post Pandemic Supply Chain Issues, Price Escalations and Maintaining Profitability

·       How are you managing material shortages and project delays?

·       Given delays on jobs associated with the ongoing labor and supply chain issues are becoming more common, are you running into liquidated damages?

·       How do you sustain profitability with continuous price escalations?

·       Do you have to purchase materials in larger quantities to lock in lower rates?

·       Are customers allowing you to bill for the price escalations?

·       Are you having to manage inventory for the first time?

·       What keeps you up at night?

Best Practices to Capture all the Uncertainties in Your Financial Statements

·       How often do you review/adjust job estimates? Has the frequency of those reviews increased amid the ongoing price escalations?

·       If you have periodic job cost meetings, who is included in those meetings and how do you ensure the discussed uncertainties/margins are appropriately relayed back to your WIP schedule?

Cash Flow

·       Now that all government stimulus money has run out what cash flow issues are you running into?

·       Have you seen improvement over the past year in timeliness of AR collections now that a lot of the initial uncertainties with the pandemic are behind us?

·       What are some of the strategies you are utilizing to maintain positive cashflows?

Panelists:

Nathan Beyler, CFO Pavement Recycling Systems, Inc.

Jeff Morton, CFO Calmex Engineering, Inc.

John Richards, CFO Pacific Restoration Group, Inc.

Moderator: Matthew Wilson, CPA, Wilson Ivanova CPAs