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Managing the Lifeblood of Service Contracting: Cash Flow

April 11 @ 8:00 am - 12:00 pm CDT

Instructor: Stephane McShane

Cash flow is one of the most important issues facing contractors today. Having survived the downturn, companies are faced with starting new projects, hiring staff, and investing in assets to support the business. More companies go bankrupt due to cash flow issues than due to  profitability. Many things can and should be done to improve cash management practices. We will explore a range of tools and techniques, from simple to complex, that allow firms to manage and control cash flow.

Examples include contractual negotiation strategies, pricing and bidding practices, development of cost and resource loaded schedules that tie to billing activities in the schedule of values, use of 12-week cash flow forecasts, project closeout procedures, and managing the billings and collection cycle. An interactive cash flow simulation provides hands-on experience that enhances the learning outcomes.

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Details

Date:
April 11
Time:
8:00 am - 12:00 pm

Venue

MCA Construction Education Institute® – Burr Ridge
7065 Veterans Blvd.
Burr Ridge, IL 60527 United States
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