Lecture 8A Cost Control, Measuring and Controlling Cash Flow in a Construction Business

Construction projects often involve millions of dollars exchanging hands in the supply chain. As a result there are often delays in that exchange of money or the exchange was not well enough understood by one of the parties involved. This lack of understanding can bring down small business owners and large businesses if they are not able to pay their employee, contractors, suppliers in a timely fashion. This lecture goes over the main things to look out for in managing cash flow and of course the cost of financing and importance of liquidity.