Cash Flow - 18 Tips to Improve Cash Flow Scoreboard

It is crucial that contractors continue to improve their cash flow.

D. Brown Management Profile Picture
D. Brown Management
November 2, 2018 3 minute read
Share

Construction contractors can use these 18 specific tips to improve their cash flow scoreboard.  

Cash Flow: 18 Cash Flow Tips.
  1. Finding the Right Markets & Customers
  2. Win and Build Profitable Projects - Right Mix & Velocity
  3. Contractual Details Matter 
  4. Delight Your Customers - Direct & Indirect
  5. Flowchart the Cash Flow Process - Project Specific
  6. Build Relationships @ All Levels
  7. Schedule of Values (SOV) + Billing Formats
  8. Subcontractors and Vendors - Terms & Pay Schedules
  9. The Project Schedule and Cash Flow
  10. The Submittal Log - Managing All Deliverables
  11. Change Order Management:  Identification to Payment
  12. Effective Close-Out Process - Getting Off the Job and Paid
  13. Projecting Cash Flow - Driving Awareness 
  14. Aggressive Billings and Pre-Wiring the Process
  15. Contractual Compliance - Don’t Get Payments Held 
  16. The 5/10/15 Collection Process - Keep Cash Flowing
  17. Cascading Reporting Systems - Key Metrics & Details
  18. Making Cash Flow a Game - Having Fun Getting Paid
Cash Flow - 18 Tips to Improve Cash Flow Scoreboard
Great cash flow is a key driver of valuation and successful successions. Running out of cash is is the #1 reason contractors fail. Improving cash flow improves your Return on Equity. Protect yourself and never let cash flow be the limitation to your profitable growth....
Previous Next Go To Series
Related Insights Series
Cash Flow - 18 Tips to Improve Cash Flow Scoreboard
Great cash flow is a key driver of valuation and successful successions. Running out of cash is is the #1 reason contractors fail. Improving cash flow improves your Return on Equity. Protect yourself and never let cash flow be the limitation to your profitable growth....
Previous Next Go To Series
Related Insights Series
Creative Adaptability as a Company Culture and Capability
Ensure that your business and career thrives in the current COVID shutdown and in the likely post-COVID recession. Be like Batman and build yourself into who you need to be in order to thrive in all situations.
Related Article
Prioritize and Execute
You are simultaneously building a construction project, a construction company and a career in construction. There will always be more problems to solve and potential opportunities to explore than you have the resources for.
Related Article
Effective Job Role Descriptions for Organizing, Recruiting, Developing, and Retaining Talent
Clarity in job role descriptions is a foundational building block for successful careers and contracting businesses.
Related Article