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CONSTRUCTION CHALLENGES

Constructing Cash Flow Program

There are many challenges that face construction business owners today.  Uncertainty around collections, restrictive vendor terms, fixed payroll costs, and unforeseen business liabilities all create angst for today’s construction business owner.  However, these are symptoms of a larger problem, which is an ineffective cash flow management strategy. 

Based on our experience with our construction clients, the root cause of ineffective cash flow within a business is caused by 4 key issues:


1.     Lack of process around regular invoicing and collections

2.    Project expense creep resulting in profit fade
3.    Labor burden bleed 
4.    Unanticipated cash liabilities (including tax liabilities and insurance audit liabilities) 

To address these issues we have developed the Constructing Cash Flow Program.  This is a 4 step program designed to address the 4 key issues which are common among our construction clients.

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We work with you to understand how your revenue is earned and identify technology solutions that can be embedded within your accounting process.

We help you establish a reliable process which leverages technology for efficiently capturing job expenses.

We work with you to implement a reliable time tracking application that is easy to use for your crew so that time is consistently captured.

We develop a process for regular financial analysis of your business which provides critical insight into the health of your business and also helps to plan for unforeseen expenses.

Ready to get started?

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