Contracts: Making sure YOU get Paid!
Presenter:
Aaron Dean
Wednesday, December 7, 2011
Check-in 7 a.m.
Class 7:30 a.m. to 10:00 a.m.
Radisson Roseville
Hotel
Finish the 2011 construction season and
start the next season without repeating pesky mistakes by attending
this seminar to see how to protect your company's bottom line and
get paid for your work.
-Prevent disasters from occurring in the
first place. Essential terms and conditions for your
bid.
-Did I really agree to this? Contract terms to be wary of
and reject before signing a contract.
-What do I do now?
Memorializing changed conditions and pursuing claims.
-How to get paid.
Pursuing all of your legal remedies including mechanic's liens,
payment bonds, breach of contract, equitable claims, account stated
claims, and prompt payment claims.
-Did the general
contractor get paid, but didn't pay me? Using the Freedom of
Information Act to determine who was paid when on Minnesota and outside
of Minnesota public construction projects.
-Know your rights
under Minnesota Law. Contractors Bill of Rights and common statutes
used by contractors.
-Possible new Legislative
changes.
Speaker: Aaron A. Dean of Fabyanske, Westra, Hart &
Thomson, P.A.
Mr. Dean is a local construction lawyer
who represents general contractors, subcontractors, and suppliers in
Minnesota and outside of Minnesota. Dean is also the President of the
Construction Law Section of the Minnesota State Bar Association.
Construction lawyers across Minnesota elected Mr. Dean to this
position.
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PRO-10: The Core4 Basics You MUST Have
Presenters: Vicki Sandberg and Tom Cherioli
Tuesday, December 20, 2011, 12:30 p.m. to 4:30
p.m.
Thursday, February 23, 2012, 12:30 p.m. to 4:30
p.m.
March date TBA
Classes begin promptly at starting
time
Location: Federal Mediation Center, 1300 Godward Street NE, Minneapolis, MN
55413
If you haven't heard the term
"PRO-10" you may want to read this and attend this seminar.
PRO-10 is training that owners/clients will start putting in the
bid-specs on projects very shortly. The training starts off with the
Core4, which are the building blocks of PRO-10 covering communication,
safety, mutual respect, and professionalism. Owners and clients
understand that contractors and workers know our trade but are now
demanding a higher form of cooperation between themselves, contractors,
and union members. That's why all three parties, or whoever is
working on a dedicated PRO-10 jobsite, will need to carry a PRO-10
certification card.
Certified instructors will instruct the
Core4 class, and to make sure our members receive this training
we've lined up three sessions. The Core4 basic topics include
Professionalism, Safety, Communication, and Mutual Respect. An
additional six hours of "Professional" training will be
required of each person to become PRO-10 certified. If you've taken
any classes dealing with communication or employee relations within the
past five years, they may qualify for the additional six hours of this
training; check with MMCA (651-646-2121) if you've taken classes
that you think may qualify.
To register call Vicki Sandberg at
(651) 260-3432 or respond to vickis@ibewpros.org with your name, company
name, class date (include 2nd and 3rd option), and trade you're
affiliated with. DUE TO THE CLASS SIZE BEING LIMITED TO 30, YOU MUST
RECEIVE NOTICE THAT YOU ARE REGISTERED. DO NOT ASSUME YOU ARE
REGISTERED UNTIL YOU RECEIVE NOTIFICATION.
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Exit Planning: The End is Near - Part 1
Presenter:
Dyanne Ross-Hanson of Exit Planning Strategies, LLC
Wednesday, January
18, 2012
Check-in 7 a.m. Class 7:30 a.m. to 9:30
a.m.
Location: Roseville
Radisson
Internal Transitions: Can They
Work?
Many construction businesses transition
to internal buyers, i.e. co-owners, key employee groups and/or family
members. The reality is that rarely do these parties come to the table
with much capital for purchase. In addition, many strategies utilized
are ridden with unnecessary taxation, thereby benefiting a "silent
partner", the IRS, most often.
Yet with adequate
pre planning, time and capable management, internal transitions can and
do work. This workshop will discuss the most common strategies used for
transitioning to internal buyer(s) and still maximizing value for the
sellers. Installment sale, "modified buy-in", ESOP, Old
Company/New Company (often used in construction industry) will be
covered.
Key Employee's Incentive
Plans
Any successful business has one or more
Key Employees. An owner's job is often to develop this talent
thereby reducing his or her own significance within the company. The
more valuable the owner is to the company, the less value the company
is within the marketplace.
How does an owner identify key employees?
Why are they important? What are five key ingredients to designing
effective incentive/retention plans? Should plans involve stock
incentives, cash incentives or both? Learn what Non Qualified Deferred
Compensation Plans, Phantom Stock and Stock Appreciation Rights Plans
are and when to use them. What circumstances make one better than the
other? What tax implications are there to the company and the
executives with each? When and where are non-compete agreements
appropriate.
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Exit Planning: The End is Near - Part 2
Presenter:
Dyanne Ross-Hanson of Exit Planning Strategies, LLC
Wednesday, January
25, 2012
Check-in 7 a.m. Class 7:30 a.m. to 9:30
a.m.
Location: Roseville Radisson
Exit Planning
Part 1 is not a prerequisite for attending Part
2
Contingency Planning: Do You Have a
Plan? What is your "back-up" plan? If one exists, has
it been "dusted off" within the past 5 years? Does it cover
all of the potential "triggering" events that affect a
transition of ownership? Does your bank/bonding company know your
plan?
Learn more about the vital issues that should be addressed
including stock transfer, loss of financial resources and talent and
loss of key employees and customers. Depending upon whether you are a
sole owner or co-owner, strategies exist and yet differ. Do you have a
Buy Sell Agreement? Will the intended parties have the ability and
capital necessary to assume leadership roles? Will your Key Employees
stay during transition if not a part of the new ownership? Learn how to
develop a purposeful, complete plan that addresses each of these issues
and more.
The Five Most Common Mistakes Owners Make in
Transition Planning
With 30 years of experience in helping
owners of privately held companies valued between $3M and $35M develop
purposeful transition/exit strategies, we've assembled a "top
5" list of common mistakes.
This workshop will
cover them and offer strategies that owners can use in avoiding them.
Waiting too long to begin planning is one. Treating family members
equally vs. fairly is another. Thinking Key Employees will stay loyal
in the event of an unexpected departure may be another. Thinking your
advisors will proactively address this planning issue or are capable of
it, may be another. Regular C Corporation vs. Subchapter S structure
results in double taxation upon a sale. And the list goes
on.
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AA/EEO Training – Staying Compliant
Presenter:
Minnesota Department of Human Rights and JobConnectMN
Wednesday, February 1, 2012
Check-in 7 a.m.
Class 7:30 a.m. to 10 a.m.
Location: Roseville
Radisson
Affirmative Action and Equal Economic
Opportunity have become very important phrases, especially in the
construction community. With contractors fighting for jobs your company
not only needs competitive bids but when working on city, county, and
state projects you may need to have your AA/EEO records and efforts
documented. Our office receives a lot of questions on what contractors
need to do to be compliant, who to report to, how to complete AA/EEO
forms, what things they can do to show good faith efforts, and many
other questions.
To answer AA/EEO related questions
we've invited representatives from the Minnesota Department of Human Rights to speak
to our members on the above topics and also to answer any questions
about (State EEO) forms and anti-harassment policies. In addition
we'll have John O'Phelan give a presentation on JobConnectMN.com, which is an organization with a
helpful website that we strongly recommend using when looking to fill
any positions within your company.
Whoever is
charged with the Human Rights responsibilities in your office should
plan to attend this very informative and helpful
seminar!
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Common Problems that Make Contractors Go Broke or Go Out of Business
Presenter:
Aaron Dean and Tom Lahl
Wednesday, February 15, 2012
Check-in 7 a.m. Class 7:30 a.m. to 9:30
a.m.
Radisson Roseville Hotel
The Minnesota
Mechanical Contractors Association is providing a seminar at the start
of the 2012 construction season that is a must-attend for your
company's Project Managers, Chief Financial Officer, President, and
executives. Local construction lawyer, Aaron Dean, and surety
professional, Tom Lahl, will make a joint presentation regarding common
problems that put contractors out of
business.
The following topics will be
discussed:
1. Bidding the wrong jobs to the wrong
customers. When getting the work is not worth the
risk.
2. Be careful what you wish for: Trying to be the low
bidder without paying attention to your bid terms and conditions or
contract terms.
3. Never again: bidding to or signing
the contract with the problematic customer.
4. Material
price escalation: make sure you don't get stuck with all
risk.
5. Keeping track of costs: what internal controls do
you have to ensure that all costs are properly coded and tracked by
job?
6. You agreed to WHAT? Why? Important contract terms
to know before you submit your bid or sign your
contract.
7. Why can't I close out this job? Project close
out issues keep you tied to the job.
8. Cash flow
issues. Everyone wants to get paid, yet I am having trouble getting
paid. How do I stop this?
9. Communication issues. What happens
in the field is not communicated to the home office.
10. What to do in
the event of a default or a termination for default.
Co-Presenters:
Aaron Dean. Mr. Dean is a construction
lawyer and a shareholder at the Fabyanske, Westra, Hart & Thomson,
P.A. law firm in Minneapolis. For 2011-2012, Mr. Dean is the President
of the Construction Law Section of the Minnesota State Bar Association.
He was elected to this position by the other construction lawyers in the
State of Minnesota. For 2011-2012, Mr. Dean is on the Board of
Directors of the American Subcontractors
Association.
Tom Lahl. Mr. Lahl is a Surety Bond
Agent at Pate Bonding in St. Paul, Minnesota. Mr. Lahl has 15 years
experience representing contractors and helping sureties underwrite
surety bonds on public and private construction projects.
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The Legality of Drug/Alcohol Testing
Presenter:
Lee Mauk
Tuesday, March 6, 2012
Check-in 7 a.m.
Class 7:30 a.m. to 9:30 a.m.
Radisson Roseville
Hotel
One of your technicians pulls his service
vehicles into your parking lot and when he opens the door you detect an
overpowering smell that you believe to be marijuana. What do you do?
The answer may not be as clear as you would think, and that's the
first thing you need to do...keep your cool and think.
Last year we held a seminar on Reasonable Suspicion to
identify drug and alcohol use at work but attendees wanted more.
Contractors want and need to know what they can and should do before
you enact a substance abuse policy, what procedures must be followed,
and what action can get you in legal trouble by not following your
policy. This seminar is one that will help keep you out of the
attorney's office and keep your business in your hands by knowing
the correct procedures.
Lee Mauk is one of Minnesota's top
experts on substance abuse policies and will help you avoid legal
landmines that your employees and their attorneys may have set for you.
If you've worried about testing or not testing someone for substance
abuse, this seminar is a necessity for you.
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Registration and Seminar Location
To
register for any of these classes (except for PRO-10/Core4) contact
MMCA at pberg@minnesotamca.org with the class
title in the subject line and your company name and attendee(s) names
in the message area.
All MMCA seminars except for the three
PRO-10/Core4 seminars will be held at the Radisson Hotel in Roseville.
Food will be served prior to the seminars. The Radisson Hotel is
located at 2540 North Cleveland Ave., Roseville MN 55113 (near
35W and Hwy 36).
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