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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.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Armed with this information, guesswork becomes a thing of the past.

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8 Tips to Manage Cash Flow Like Your Construction Business Depends on It

Autodesk Construction Cloud

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Armed with this information, guesswork becomes a thing of the past.

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What is ‘Retainage’: Understanding Its Role in Construction Contracts

Building Radar

For more information, check out NetSuite’s resource on retainage. Commonly, 5-10% of each payment is withheld until the project’s completion. This withholdage helps manage cash flow and ensures that contractors address any final issues before receiving the full payment.

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The most important construction KPIs to improve profits and productivity

Lets Build

Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. Cash flow Cash isn’t king – cash flow is. But capturing all that data at scale is hard to do.

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The most important construction KPIs to improve profits and productivity

Lets Build

Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. Cash flow Cash isn’t king – cash flow is. But capturing all that data at scale is hard to do.