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Evaluating, Underwriting, and Lending to Construction Contractors
- Volatility of construction risk in economic cycles
- Supply chain risk for contractors
- Payment process for contractors and subcontractors
- Contractor status report and key elements in contractor accounting and financial statements
- Progress billings, retention, and collateral value
- Role of sureties in providing bonds to contractors—lien priorities
- Evaluating contractor downside cash flow, collateral , and guarantors for repayment ability
- Useful conditions and covenants in contractor loan underwriting
- Evaluating contractor cash flow, collateral, and guarantors
Overview of the webinar
- Learn how to analyze key contractor accounting disclosures such as underbillings, overbillings, progress billings and the contractor job status reports
- Learn how to judge your contractor’s financial condition and performance compared to industry ratios and statistics
- Learn how to evaluate repayment ability by projecting downside operating cash flow based on the contract status report and the contractor’s financial statements
- Learn how to analyze key underwriting elements of loans to contractors to determine if there is sufficient cash flow, collateral, and guarantees to repay in full, on time, and as agreed
Who should attend?
- Commercial Bankers
- Commercial Real Estate Lenders
- Credit Analysts
- Credit Department Staff
- Loan Underwriters
- Loan Review Officers
- Credit Department Managers
- Senior Lenders
- Chief Credit Officers
Why should you attend?
Lending to construction contractors is risky business, but this session will show you how to evaluate that risk, how to underwrite an appropriate lending structure, and how to monitor and manage that credit exposure. The construction industry accounts for 10 to 20% of a local economy, so extending credit thoughtfully to this sector benefits both your organization and the market you serve.
Faculty - Mr.Dev Strischek
A frequent speaker, instructor, advisor and writer on credit risk and commercial banking topics and issues, Martin J. "Dev" Strischek is principal of Devon Risk Advisory Group based near Atlanta, Georgia. Dev advises, trains, and develops for financial organizations risk management solutions and recommendations on a range of issues and topics, e.g., credit risk management, credit culture, credit policy, credit and lending training, etc. Dev is also a member of the Financial Accounting Standards Board’s (FASB’s) Private Company Council (PCC). PCC’s purpose is to evaluate and recommend to FASB revisions to current and proposed generally accepted accounting principles (GAAP) that are more appropriate for privately held firms. He also serves as the PCC’s representative to FASB’s Credit Losses Transition Resource Group supporting the new current expected credit loss (CECL) standard. Dev is the former SVP and senior credit policy officer at SunTrust Bank, Atlanta. He was responsible for developing, implementing, and administering credit policies for SunTrust’s wholesale lines of business--commercial, commercial real estate, corporate investment banking, capital markets, business banking and private wealth management.