Managing Company and Project Cash Flow for Profitability
More than 80% of construction company failures are due to budgetary and macroeconomic issues1, so how does a growing contractor avoid these pitfalls? Effective cash management is a key factor in determining a construction company’s financial success.
Cash management is the art of organizing, planning and controlling the collection, investment and disbursement of cash. In the construction industry, it is crucial to keep an eye on a company’s overall cash flow, as well as the cash flow on major projects. Comprehensive knowledge of this process, which begins at the project level, is essential to …read more
Read more here:: Construction