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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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Improve Cash Flow Forecasting with Autodesk Construction Cloud

Autodesk Construction Cloud

Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The challenge with forecasting is that it’s often a time-consuming process making sense of scattered data , various spreadsheets, and multiple disconnected processes or systems.

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Kier whittles net debt down to £230m

Construction Enquirer

In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. He added that Kier had generated better positive operating cash flow for the year and would now report a net cash position of around £60m at the year-end, higher than the £2.9m

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. These are the reports that will be key to understanding how profitable you are on the projects you undertake.

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Types of Capital for Construction Businesses

Levelset

Many companies are only thinking in terms of the next month — the next two payroll periods or upcoming vendor payments — but stable companies typically have sufficient cash forecasts to project their working capital further out.” Debt capital can be vital for managing cash flow in construction.

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Forecast – the forecast needs to at a bare minimum identify what your budget numbers are, costs or committed costs to date and anything left over or any over run.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

Because preconstruction offers the biggest opportunity to de-risk a project. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation. Doing so enables you to eliminate potential change orders and pay applications, ultimately leading to better cash flow.