Current economic affairs have put an undue burden on the construction business. More and more contractors are being audited and scrutinized by their financial institutions for their performance and despite lower cost of money offered by the government guaranties; the availability of capital is still very scarce. More than half of the contractor’s bankruptcies are due to cash-flow and not lack of profits.

Without adequate cash flow, contractors cannot survive. This program will teach the elements of aggressive cash-flow management with focus on correct recognition of job progress, labor productivity and its impact on billing, procurement management, payments and project financial management.

Following this course, participants will be able to:

• Examine how to manage cash in tough economic times
• Explain elements of aggressive cash-flow management
• Discuss labor productivity and billing impact