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A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

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Improve Cash Flow Forecasting with Autodesk Construction Cloud

Autodesk Construction Cloud

For any business, having enough operational cash on hand is critical. 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. Cash Flow Forecasting with Autodesk Construction Cloud. Project Level Cash Flow Analysis.

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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

The low-bid method sends the wrong signals to a contractor about their role in the project: You are less valuable than the architect or design firm The owner does not trust you to offer a fair price for the work performed You are a commodity, and therefore have less control over how the project goes. Low Bidding Impacts Contractor Cash Flow.

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Suppliers left high and dry as Haydon M&E goes under

Construction Enquirer

The collapse comes less than a year after Haydon entered a Company Voluntary Arrangement with its creditors in August 2022 following cash flow pressures. The CVA deal was designed to distribute at least £7.2m The company is now in the hands of administrators from insolvency specialist Leading.

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Beware the Cash Flow Manager!

PSMJ Resources

Anyone who wants to learn more about how a Sources and Uses of Cash statement works, drop a line to my colleague Kim Pazera here at PSMJ (kpazera@psmj.com). In this economy, if the prime is in trouble with cash so are the subs and vendors. Mike offers some real life anecdotes: Southern California during the 90’s.

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9 Tips for Starting an Architecture Firm

Levelset

These tips are well-tested and designed to get your architecture company off to a successful start. Most architects start their own firms because they want to spend more time being creative and expressing their design ideas. Make sure that you have a realistic expectation of how much design work you’ll be able to do.

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Haydon M&E files administration notice

Construction Enquirer

Haydon entered a Corporate Voluntary Arrangement with its creditors in August 2022 following cash flow pressures. The CVA deal was designed to distribute at least £7.2m Latest results for the London based M&E specialist show it had a turnover of £66.2m for the year to December 31 2021 generating a pre-tax loss of £6.2m.