TOP 5 STRATEGIES TO BOOST CASH FLOW IN CONSTRUCTION
Running out of cash is not a healthy sign of progress during a construction project. However, with the need to monitor the day-to-day construction operations, managing the expenses of a project can often be overlooked. In such situations, the construction activities may come to a halt due to insufficient funds. This is why managing the cash flow of a project is of great importance in the construction business. With positive cash flow, the contractors, along with the project management, will successfully achieve the formulated plan without landing up in a financial crisis. Positive cash flow indicates that the contractors and the construction crew have enough resources to continue their work, while negative cash flow is an indication of financial mismanagement. Executing a project requires proactive thinking and planning. Let us look at some of the effective tactics that can boost the cash flow in construction. TOP 5 STRATEGIES TO BOOST CASH FLOW IN CONSTRUCTION Table of contents: ...