As a construction manager gains more and more responsibilities, they find that they are managing incredible amounts of revenue and risk. Poor cash flow is the number one reason for company failures, which emphasizes the importance of understanding the principles taught in this course. This in-person training will help learners understand the construction payment cycle, the critical value of timely and consistent invoicing, and the impacts of delayed invoicing and receivables. It will help construction managers navigate the contractual relationships with owners/owner’s representatives, and how to use a Work-In-Progress (WIP) report. The application of these principles will certainly lead to improved cash flow and profitability.
Key Takeaways:
Project level cash flow can make or break a company, independent of profitability. Proper management of a company’s most valued asset must be a primary concern – and this course teaches principles and strategies for improving performance.
Intended Audience:
The primary audience for the course is the operations group, e.g. project managers, project engineers, and superintendents. Personnel such as project accountants and project executives are welcome to join and may find benefit from taking a train-the-trainer approach.