More contractors go bankrupt due to cash flow than they do because of profitability. Given the unprecedented events of COVID-19, the construction industry is particularly prone to major cash flow issues that could easily bankrupt your business. During this session we will address critical cash flow considerations including:
- Making sure the basic blocking and tackling is handled
- Sales or leaseback of capitalized assets to free up liquidity
- Know your options in lender negotiations
- Learn specific strategies to deal with contract issues now and in the future to maintain adequate cash flow
The presenter is Michael McLin, Managing Director at Maxim Consulting Group responsible for leading several service line teams within the firm.
This webinar is co-hosted by NECA and the Construction Financial Management Association.
CPE Credits: This program provides 1 CPE credit in the field of Accounting. These credits will be coordinated by CFMA.
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