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The North Coast Surety Business of Construction University Program Introduction.

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Presentation on theme: "The North Coast Surety Business of Construction University Program Introduction."— Presentation transcript:

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2 The North Coast Surety Business of Construction University Program Introduction

3 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

4 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

5 Overview – Ethics The North Coast Surety family of companies are committed to providing students an educational experience that prepares them for the challenges of the modern workplace, with all its complexities.

6 Overview – Ethics One of the biggest challenges will be to impart a sense of ethical standards that will help students in both their professional and personal lives. The North Coast Surety family of companies are committed to providing students an educational experience that prepares them for the challenges of the modern workplace, with all its complexities.

7 Overview – Ethics One of the biggest challenges will be to impart a sense of ethical standards that will help students in both their professional and personal lives. So that as technology provides an automated efficiency that removes the human contact, the human side is still recognized. The North Coast Surety family of companies are committed to providing students an educational experience that prepares them for the challenges of the modern workplace, with all its complexities.

8 Overview – Ethics One of the biggest challenges will be to impart a sense of ethical standards that will help students in both their professional and personal lives. So that as technology provides an automated efficiency that removes the human contact, the human side is still recognized. So that as they build the technology that provides that automated efficiency, they have an understanding of the cost of removing the human contact, and build the future with a human side, not just a technical one. The North Coast Surety family of companies are committed to providing students an educational experience that prepares them for the challenges of the modern workplace, with all its complexities.

9 Overview – Business of Construction The Business of Construction Program is designed to expose University students to a wide range of business issues that involve the construction community through an integrated approach of seminars and guest speakers coupled with hands on experiences and internships.

10 The goal of the program is to promote the interaction of the University with the Private Sector under a Public/Private partnership primarily for the benefit of the students, but with a byproduct of valuable contributions to private industry. The Business of Construction Program is designed to expose University students to a wide range of business issues that involve the construction community through an integrated approach of seminars and guest speakers coupled with hands on experiences and internships. Overview – Business of Construction

11 The Business of Construction Program is designed to expose the students at California State University to a wide range of business issues that involve the construction community through an integrated approach of seminars and guest speakers coupled with hands on experiences and internships. The goal of the program is to promote the interaction of the University with the Private Sector under a Public/Private partnership primarily for the benefit of the students, but with a byproduct of valuable contributions to private industry. The more the students become engaged towards making an industry contribution the better the graduate The better the graduate, the better for the industries that will rely on them Overview – Business of Construction

12 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

13 While the most of the speakers and seminar topics will deal with traditional subjects, the predominate theme of the Business of Construction program is technology, the impact it has having on the way business is conducted, and what skills will be vital for companies to possess to be successful. Ethics in Construction

14 While the most of the speakers and seminar topics will deal with traditional subjects, the predominate theme of the Business of Construction program is technology, the impact it has having on the way business is conducted, and what skills will be vital for companies to possess to be successful. Ethics in Construction Technology is in our future, but perhaps more than any other industry construction will change from an community that relies on personal relationships to one that becomes detached as internet applications reduce, if not eliminate, human contact on any number of fronts. From online bid solicitations, electronic bidding, supply procurements online, and online collaborative project management the personal interactions will change and students must be cognizant of the perils of detachment, and be encouraged to adopt ethical practices in spite of the ease of looking the other way, or doing business as usual.

15 Companies with long rich histories can not fall back on their knowledge, or expertise, when requirements they must meet draw from technological advances and systems they do not understand. From online bidding to collaborative project management the landscape is quickly evolving in an industry that has a generational disadvantage, and they will look for talent today that can meet the challenge of tomorrow. Ethics in Construction

16 Companies with long rich histories can not fall back on their knowledge, or expertise, when requirements they must meet draw from technological advances and systems they do not understand. From online bidding to collaborative project management the landscape is quickly evolving in an industry that has a generational disadvantage, and they will look for talent today that can meet the challenge of tomorrow. Ethics in Construction Where today's talent may be well versed in the technical aspects of getting things accomplished in tomorrows online environment, they will not have the experience that draws from the personal side of construction.

17 Companies with long rich histories can not fall back on their knowledge, or expertise, when requirements they must meet draw from technological advances and systems they do not understand. From online bidding to collaborative project management the landscape is quickly evolving in an industry that has a generational disadvantage, and they will look for talent today that can meet the challenge of tomorrow. Ethics in Construction Where today's talent may be well versed in the technical aspects of getting things accomplished in tomorrows online environment, they will not have the experience that draws from the personal side of construction. Where a handshake was a contract, a commitment didn’t rely on interpretation, and problems were dealt with in person, not by email.

18 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

19 Objectives To introduce students with an interest in construction to the business elements that are essential to being successful in construction, and the ethical challenges facing each industry and how there are being addressed

20 To encourage students with an interest in construction to consider careers in construction related industries like Surety, Accounting, Technology, Banking and Risk Management. Objectives To introduce students with an interest in construction to the business elements that are essential to being successful in construction, and the ethical challenges facing each industry and how there are being addressed

21 To encourage students with an interest in construction to consider careers in construction related industries like Surety, Accounting, Technology, Banking and Risk Management. To encourage private industry to form relationships with the University as guest speakers, with internships and career recruiting. Objectives To introduce students with an interest in construction to the business elements that are essential to being successful in construction, and the ethical challenges facing each industry and how there are being addressed

22 To encourage students with an interest in construction to consider careers in construction related industries like Surety, Accounting, Technology, Banking and Risk Management. To encourage private industry to form relationships with the University as guest speakers, with internships and career recruiting. To provide students with hands on projects that serve to both offer an educational experience for the student, and a produce a valuable contribution to the construction community in the public interest. Objectives To introduce students with an interest in construction to the business elements that are essential to being successful in construction, and the ethical challenges facing each industry and how there are being addressed

23 To encourage students with an interest in construction to consider careers in construction related industries like Surety, Accounting, Technology, Banking and Risk Management. To encourage private industry to form relationships with the University as guest speakers, with internships and career recruiting. To provide students with hands on projects that serve to both offer an educational experience for the student, and a produce a valuable contribution to the construction community in the public interest. To provide the University with income to sustain its efforts. Objectives To introduce students with an interest in construction to the business elements that are essential to being successful in construction, and the ethical challenges facing each industry and how there are being addressed

24 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

25 Components Guest Speaker Series University Sponsored Seminars Surety Connection Project Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University

26 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

27 Guest Speaker Series The guest speaker series will be 1-2 hour presentations on campus and each will address the following general outline: Overview of specific industry and its role in construction Typical duties and functions Impact of technology on industry Challenges the industry faces and what skills will be needed. Ethical challenges and how they are being met. What employers look for in hiring new employees

28 Guest Speaker Series The topics will include: Construction accounting Surety underwriting Surety claims Risk management and insurance Bank credit analysis for contractors Ethics in construction Automation of the construction process and procurement Politics in construction

29 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

30 University Sponsored Seminars Automation issues with electronic bonding Risk management in construction Accounting for construction Surety claims Ethics in construction Automation in construction Credit and/or risk analysis for construction companies Politics in construction The University sponsored seminars will provide more time, and will include participation with the students. Topics will be of interest to active professionals and will may be held off campus, or over the web, to attract a wider audience, as well as be a fund raising opportunity for the University. Topics include:

31 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

32 The Surety Connection Project is designed to engage students in the evolving area of internet based data management and electronic transactions. In cooperation with North Coast Surety Connection and North Coast Surety Technologies the students will develop a series of applications that replicate the current paper based systems used by the surety industry to internet based systems. Surety Connection Project

33 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

34 Bid List Connection Bid List Connection is an internet based bid management tool for contractors that also serves as a collaborative communication application for the surety and insurance industry. A University has an option to use the application as a fund raiser for the University through subscriptions and advertising. It also serves as the center piece in the overall Surety Connection Project with respect to: Working with the management of data flow and data exchange Working with technology companies Working with surety and insurance companies, and agents Working with contractors

35 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

36 Bid data flow and integration One of the most dramatic recent developments in construction is the emerge of owners posting their projects out to bid on the web, various online services that provide contractors with bid information, owners that want their bids submitted electronically, and surety companies that are being required to submit bid and final bonds electronically.

37 Bid data flow and integration One of the most dramatic recent developments in construction is the emerge of owners posting their projects out to bid on the web, various online services that provide contractors with bid information, owners that want their bids submitted electronically, and surety companies that are being required to submit bid and final bonds electronically. Being able to effectively exchange data between users, applications and systems is the challenge the entire industry is facing, and is the perfect environment to participate in a learning environment.

38 Bid data flow and integration One of the most dramatic recent developments in construction is the emerge of owners posting their projects out to bid on the web, various online services that provide contractors with bid information, owners that want their bids submitted electronically, and surety companies that are being required to submit bid and final bonds electronically. Being able to effectively exchange data between users, applications and systems is the challenge the entire industry is facing, and is the perfect environment to participate in a learning environment. By working with Bid List Connection as a starting point students will be working on real issues, with real applications, and with real potential for constructive consequences.

39 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

40 Internships Internships have become very popular in the private sector and the Business of Construction Program will include an effort to not only locate existing internships students can apply for, but will be working to create new internships tailored specially for the skills encompassed in the program.

41 Internships Internships have become very popular in the private sector and the Business of Construction Program will include an effort to not only locate existing internships students can apply for, but will be working to create new internships tailored specially for the skills encompassed in the program. Our ability to generate new individual internship positions, or innovative group internships, will be based on the interest the students demonstrate, and in their efforts to make the program produce the valuable contributions to the industry as it sets out to.

42 Internships Internships have become very popular in the private sector and the Business of Construction Program will include an effort to not only locate existing internships students can apply for, but will be working to create new internships tailored specially for the skills encompassed in the program. Our ability to generate new individual internship positions, or innovative group internships, will be based on the interest the students demonstrate, and in their efforts to make the program produce the valuable contributions to the industry as it sets out to. North Coast Surety will be coordinating internship applicants for the Business of Construction program, and all students will be encouraged to apply. The more students, and the caliber of the applications, will translate to a successful effort to create new internships and secure existing ones.

43 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

44 Part Time Employment Opportunities Students that are active in the program will gain an understanding of some of the issues facing private industry, and can be a resource for solving some of the smaller issues, and gain experience while doing it. Examples of some “paid” work that could be provided to the students are: - Initial modifications to Bid List Connection - Tool Belt Connection - Modifications to Surety Access Connection - Financial peer review application - Prototype of Qualification Connection - Website design

45 Components Guest Speaker Series University Sponsored Seminars Bid List Connection Bid data flow and integration Internships Part Time Employment Opportunities Income Opportunities for the University Surety Connection Project

46 Income Opportunities for the University A core objective of the Business of Construction Program is the ability to raise funds for the University to sustain the program. This is accomplished in the following ways: Subscriptions to Bid List Connection Advertising on the Bid List Connection website Financial support and/or grants from private industry

47 Overview Objectives Components Disciplines Website Timeline Ethics in Construction

48 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

49 Construction Management Whether a student goes into the construction trades, or the businesses that serve contractors, the business side of construction is a valuable and necessary component of the education process. Every student that has desires to run their own company some day will need to know every aspect of the business, and this program will provide the best insight there is. Bid List Connection is a real application, and the results will be real life experiences.

50 Construction Management Class Project Assignment Each Construction Management could be encouraged to sell one subscription to Bid List Connection. One is not hard at all, but will require a general sense of how the industry manages the bid activity, what applications does, as well as the selling points. The selling of subscriptions should always be voluntary, unless it is a paid position. Bid List Connection is a real application, and the results will be real life experiences.

51 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

52 Marketing Bid List Connection is the perfect “hands on” learning experience as the students decide: How to market Bid List Connection What are the pricing considerations What is the elasticity of demand for an internet application What avenues work for getting the application noticed by contractors How to market to a select group – such as alumni or AGC chapters How to get press coverage and prepare a press kit What are the factors that prevent contractors from adopting new technology that is clearly superior to present systems. Bid List Connection is a real application, and the results will be real life experiences.

53 Class Project Assignment Put together a Press Packet and develop a Public Relations campaign. Getting trade association and professional trade journals to write about the school program should be no problem as a general interest story. The exposure would benefit the overall effort considerably while favorably representing the University. Bid List Connection is a real application, and the results will be real life experiences. Marketing

54 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

55 Management Information Systems Bid List Connection is a real application, and the results will be real life experiences. The processing of data, and the exchange of data, is the core essence of Bid List Connection and its efforts to communicate with the various industries that it associates with. MIS students that successfully develop “The Chico Process” application between the State agency and an insurance company will be very challenged as they tackle the task of exchanging bid data with all its variations and multiple parties. The theory is simple, the reality is not. Should they even get close the learning experience, and the contacts they make, will make the difference in their education and their career options.

56 Class Project Assignment Develop “The Chico Process” Prepare to assume total control of Bid List Connection Participate in a labor pool for North Coast Surety Technologies Bid List Connection is a real application, and the results will be real life experiences. Management Information Systems

57 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

58 Advertising Bid List Connection is a real application, and the results will be real life experiences. There are different aspects of advertising the students will get to work with: Securing advertising for Bid List Connection as a pro bono placement Selling advertising on Bid List Connection. Determining the pricing and terms for advertising on site Designing the advertising for Bid List Connection

59 Class Project Assignment Prepare an advertising program for all Program websites. An original set of advertisers will be provided space in exchange for their participation, but that space will be subject to 90 day time limits. After 90 days if there is an offer for paid advertising, the space goes to the highest bidder. If a company familiar with the site, or found the site, and wanted to advertise, the structure and written material must be there to provide direction. Bid List Connection is a real application, and the results will be real life experiences. Advertising

60 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

61 Business Business is a generic term that encompass a broad range of disciplines already addressed individually, but the following professions are clearly “Business” and are a targeted industry: Banking Surety Surety Agency Insurance Insurance Agency The guest speaker and seminar series, in conjunction with the individual disciplines, will provide a wealth of background and insight for those students interested in construction related careers. Bid List Connection is a real application, and the results will be real life experiences.

62 Class Project Assignment Business students are in charge of administering the guest speaker and seminar program. A core skill every business person must have is the ability to pull something together. From making sure the students know about upcoming speakers and seminars, to making sure there are properly outfitted rooms with speakers that are coordinated and treated professionally. Bid List Connection is a real application, and the results will be real life experiences. Business

63 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

64 Accounting Bid List Connection is a real application, and the results will be real life experiences. Accounting students that are interested in construction will not only have the opportunity to hear guest speakers on the subject, and seminars specially directed at construction accounting, they also will have the opportunity to participate in the new challenge facing the accounting profession; financial data that is exchanged over the internet. From project billings being submitted online, to the emerging use of data change standards that are currently be developed by the accounting trade associations.

65 Class Project Assignment Accounting students are responsible for the Bid List Connection subscription accounts, and advertising revenue. Handling the books of Bid List Connection should be a simple and strait forward task, and will put the students in the middle of the effort. Bid List Connection is a real application, and the results will be real life experiences. Accounting

66 Disciplines Construction Management Marketing Management Information Systems Advertising Business Accounting Private industries that serve construction

67 Construction Company Construction Management Risk Management Construction Accounting Banking Surety Brokers Surety company Insurance Brokers Insurance Company Technology Provides Management to Construction Company Provides oversight for owner Provides risk analysis and consulting Provides accounting and consulting services Provides line of credit and banking facilities Negotiates for Surety bonds Provides Surety Bonds Negotiates insurance coverage's Provides insurance coverage Applications that serve the construction community Private industries that serve construction

68 Construction Company Construction Management Risk Management Construction Accounting Banking Surety Brokers Surety company Insurance Brokers Insurance Company Technology Provides Management to Construction Company Provides oversight for owner Provides risk analysis and consulting Provides accounting and consulting services Provides line of credit and banking facilities Negotiates for Surety bonds Provides Surety Bonds Negotiates insurance coverage's Provides insurance coverage Applications that serve the construction community These Images are used throughout to represent the various industries

69 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

70 Timeline The speaker and seminar series can be confirmed once the University has made the decision to proceed with the program. The times and dates would be spread out over the semester.

71 Overview Objectives Components Disciplines Website Timeline Ethics in Construction Summary

72 Website The Website maintained by the students will provide information on the speakers, posting of student work, links and a sign-up section for notification purposes.

73 Overview Objectives Components Disciplines Website Timeline Technology in Construction Summary

74 The Business of Construction is an idea whose development will be guided by what happens along the road of discovery, not by any fixed agenda. Its mandate is to stay true to its primary objective; to create a learning experience for the students regardless of any possible outcome.

75 Summary The Business of Construction is an idea whose development will be guided by what happens along the road of discovery, not by any fixed agenda. Its mandate is to stay true to its primary objective; to create a learning experience for the students regardless of any possible outcome. It won’t matter if the Bid List Application does not generate any subscription revenue, as the effort will be a learning experience with little if any expense.

76 Summary The Business of Construction is an idea whose development will be guided by what happens along the road of discovery, not by any fixed agenda. Its mandate is to stay true to its primary objective; to create a learning experience for the students regardless of any possible outcome. It won’t matter if the Bid List Application does not generate any subscription revenue, as the effort will be a learning experience with little if any expense. It won’t matter if The Chico Procedure is never successfully developed, or doesn’t change the way electronic surety transactions are administered. Exchanging data electronically is a major aspect all students will need to master, and the educational experience and challenge alone warrants the effort.

77 Summary The Business of Construction is an idea whose development will be guided by what happens along the road of discovery, not by any fixed agenda. Its mandate is to stay true to its primary objective; to create a learning experience for the students regardless of any possible outcome. It won’t matter if the Bid List Application does not generate any subscription revenue, as the effort will be a learning experience with little if any expense. It won’t matter if The Chico Procedure is never successfully developed, or doesn’t change the way electronic surety transactions are administered. Exchanging data electronically is a major aspect all students will need to master, and the educational experience and challenge alone warrants the effort. The risk is the students get an excellent education opportunity

78 Summary The Business of Construction is an idea whose development will be guided by what happens along the road of discovery, not by any fixed agenda. Its mandate is to stay true to its primary objective; to create a learning experience for the students regardless of any possible outcome. It won’t matter if the Bid List Application does not generate any subscription revenue, as the effort will be a learning experience with little if any expense. It won’t matter if The Chico Procedure is never successfully developed, or doesn’t change the way electronic surety transactions are administered. Exchanging data electronically is a major aspect all students will need to master, and the educational experience and challenge alone warrants the effort. The risk is the students get an excellent education opportunity The reward is immeasurable

79 Thank you


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