Business

Tips to Measure and Maximize Cash Flow in Construction Businesses

Positive cash flow is the best, and most challenging, measure of success—and it’s essential to a company’s ability to grow. Following are accounting tools and concepts that help contractors understand and increase their cash flow.
By William Simon
February 13, 2017
Topics
Business
by William Simon
William Simon is a member of Marcum LLP’s national Construction Industry Practice group. Marcum provides audit, consulting and taxation services to construction clients ranging from start-ups to multi-billion-dollar enterprises. The group's professionals, among the country’s foremost experts in construction accounting, are frequent industry authors and speakers and also serve as technical reviewers for the AICPA’s construction audit and taxation guides. The group publishes the quarterly Marcum Commercial Construction Index and the annual Marcum JOLT Survey Analysis, a discussion of employment trends in the construction industry. For more information, visit www.marcumllp.com.

Related stories

Business
Peer to Peer: Comparing Construction Company Metrics Cover Art

Peer to Peer: Comparing Construction Company Metrics

By Michael McLin
“If your friends did that, would you do it too?” Well-meaning parents have repeated this trouble-stopping phrase for decades. But when it comes to evaluating your construction business’ success, measuring against your peers might not be such a bad idea after all.
Business
September Construction Job Openings, Distorted by Storms, Decrease by 40,000 Cover Art

September Construction Job Openings, Distorted by Storms, Decrease by 40,000

By ABC
There is more than meets the eye, especially when it comes to construction job openings for September.
Business
The Four Paradigms of Construction Scheduling Cover Art

The Four Paradigms of Construction Scheduling

By René Morkos
Scheduling accuracy is arguably the most critical contributor to a construction project's success; a great schedule can make a project, while a poor one can break it.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.