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Contractor cash flow case studies
Manage episode 371033475 series 3314227
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If you've listened to the Contractor Success Forum before, you know how crucial cash flow is to the health and longevity of your construction company. This week, we're sharing some real life examples of cash flow nightmares, how they happened, and what you can do to avoid similar mistakes.
Topics we cover in this episode include:
- Cash flow and billing for retainage
- How good (and bad) relationships can affect your cash flow
- How to approach private projects when funding hasn't been secured to protect your cash flow
- Billing issues can take even large companies down
- Liquidated damages and unreasonable time to complete a job
- Identify and address flawed processes and ongoing systemic issues
- Errors with bank feed accounting can cause cash flow problems
LINKS
Visit the episode page at https://CarpenterCPAs.com/casestudies for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. Contractor Cash Flow Case Studies (00:00:00)
2. Cash flow and billing for retainage (00:01:45)
3. How good (and bad) relationships can affect your cash flow (00:06:44)
4. How to approach private projects when funding hasn't been secured to protect your cash flow (00:11:55)
5. Billing issues can take even large companies down (00:13:39)
6. Liquidated damages and unreasonable time to complete a job (00:17:52)
7. Identify and address flawed processes and ongoing systemic issues (00:19:29)
8. Errors with bank feed accounting can caush cash flow problems (00:22:27)
167 episodes
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