Understanding Fraud in Energy Contracting - Learn Where The "Hidden Profits" Are

A One-Day Classroom Seminar (CPE Approved)

Register Soon to get Early Bird Pricing.

Fraud is defined as "Intentional deceit". In contracting, it is called "Hidden Profit". Most contracts are based on actual costs, plus margins for profit, even Lump Sum contracts.

This seminar identifies all the areas of hidden profits, and how to eliminate them. It gains you full contract-compliance ability for Design, as well as Construction/Maintenance contracts.

These teachings are based on project-proven techniques brought by the presenter, Don Ridge, an independent auditor of contractors, who has served various major energy clients since 1985 and documented many millions of credit exceptions for client's settlement.

What You Will Learn

Understand the true cost of markups on labor.
Learn what is to be in the bid for Overhead, and the methodology for adjustments as the costs change over the life of the contract.
Understand the true bid items of Markups on Indirect Labor. Although this is a bid item, it will be based on a manning-level that needs to be maintained for client to receive full value of the markup.
Learn the importance of crew-mixing in construction and maintenance workers to optimize efficiency and productivity, and reduce costs.
Learn how to manage the rental of construction equipment that holds the cost to approximately 10% of labor costs.
This seminar will provide prototype bid invitations that feature "fill-in-the-blanks" for clarity and uniformity. These bid invitations combine cost-plus and unit-price (a form of lump sum) to gain

Hotel and Seminar Information

This one-day seminar will be held at the hotels listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM on the first day. The program includes continental breakfast, lunch, and coffee/cookie breaks for each day. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars

COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.

Registration Fee and Discounts

The price for this comprehensive two-day seminar is $895 (USD).

Additional attendees and government employees receive a 10% discount.
Register 4 or more attendees and receive 20% Off. Special pricing is available for groups of 5 or more.
If you want attendees to pay with separate credit cards or have other questions, please call (843) 212-4038 for assistance.

Payments and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane • Hilton Head Island, SC 29926. Cancellations will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (843) 212-4038.

CPE Credits in Specialized Knowledge

This live group seminar is eligible for 7.0 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements.

PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd. Please inform PGS Energy Training that you are a GARP CPE participant upon seminar registration.

The Global Association of Risk Professionals (GARP) is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP's membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and Energy Risk Professional (ERP) Exams – certifications recognized by risk professionals worldwide. Visit www.garp.org/cpd.

Who Should Attend

Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners. Types of companies that typically attend this program include energy producers and marketers; utilities; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators and electric generators.

Prerequisites and Advance Preparation

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.

Program Level & Delivery Method

Intermediate level. CPE delivery method is "Group-Live."

IN-PERSON CLASSROOM SEMINARS