And many of these levers have negative business consequences including the slow payment of suppliers or borrowing money.
Furthermore neither of these options may even be available options.
Most of what goes into a contractor having good cash flow falls is the responsibility of those selecting the right opportunities to pursue and operations.
Contractors with great cash flow are typically very integrated between getting work, doing work and keeping score. They understand that sustainable growth only comes through balanced execution.
How effectively are the functional areas of your business integrated?
Are you happy with your scoreboard including cash flow?
How would your banker and surety rate your company’s cash flow as compared to your competition?
Do they know all the tips, techniques and tools for improving cash flow?
We are revamping our publicly available cash flow workshop that includes 18 techniques that contractors can use to accelerate cash flow. Stay informed of updates on release.