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
The ABCs of Strategic Market Choices
Strategic Market Choices for where a contractor chooses to play must be balanced between diverse enough, large enough, and focused enough. These are the highest leveraged decisions that leaders of construction businesses make.
Related Article
Five Stages of Adult Behavior
The larger your team gets the more important it is to learn as much about talent development as you have learned about construction means and methods. These are not skills that can be delegated to someone in HR.
Related Article
Resource - Negotiation (3 Prerequisites + 4 Perspectives)
Negotiation skills will enhance nearly everything your management teams do from winning work through building the project to working with your bank and surety. This is a collection of the best resources we've used to build these capabilities.
Related Article