Managing Company and Project Cash Flow for Profitability
In parts one and two of our cash management series for construction companies, we discussed the Pre-Bid and Bid stage, as well as the Contract Award phase. This article focuses on how you can make effective cash management decisions in the Pre-Construction phase.
TIP: During the planning phase of the project, management should discuss the workpaper flow. This can be done by establishing a performance and billing schedule before construction begins so the owner knows what to expect.
Based on a schedule …read more
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