Improving Combined Time-Cost Forecasting Capabilities for Contractor
Contractors must carefully manage cash outflow (e.g. for materials to enable their work) and inflow (after the work) to be profitable, especially in the current economy. The importance of cash flow for business success is undisputed, as bankruptcies due to insufficient cash flow underline. This study investigated current business practices of electrical contracting companies of different sizes with respect to their financial planning and management. As part of this research project a simple spreadsheet implementation was created to provide contractors who have not yet planned, controlled, and managed their cash flow in detail for each transaction with a quick and simple tool.
Download Cashflow Calculator.