Cash Management Strategies for the Construction Industry

Posted on July 19th, 2023 in Construction & Real Estate

Red crane on top of a condo building currently under construction

The construction industry operates in a project environment that often involves progress payments from their customers.

Contractors typically submit invoices at specific stages of the project. Customers then may have 60 to 90 days from acceptance of the invoice to pay for the services performed.

Therefore, matching cash inflows against outflows can be challenging. In this short article, written by RSM, they explore a few strategies that can help to reduce liquidity risk in construction entities.

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Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.