article thumbnail

3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
article thumbnail

How to get paid: 4 cash flow solutions for construction companies

Lets Build

Unfortunately, in the construction industry, cash flow is a common pain point. One in 5 construction companies notes that cash flow problems are a frequent issue, according to a 2019 survey. Have you ever dipped into your own savings or passed up paying yourself to cover payroll?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

Cash flow Cash isn’t king – cash flow is. The entire industry knows the pain of extended payment cycles, especially when profit margins are always tight. The most important cash flow construction KPIs include: Days sales outstanding Operating cash flow Gross margin/net income Project costs 5.

article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

Cash flow Cash isn’t king – cash flow is. The entire industry knows the pain of extended payment cycles, especially when profit margins are always tight. The most important cash flow construction KPIs include: Days sales outstanding Operating cash flow Gross margin/net income Project costs 5.

article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process.

article thumbnail

Construction quality management: Everything you need to know

Lets Build

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. From ambient weather to subcontractor failures, construction projects can be derailed in numerous ways. There’s always more to learn.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Equipment Management. Industry News. Industry Statistics. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

Cash Flow 120