Construction Executive published an article by Partner Robert Mercado and Senior Manager Michelle Johnson, about the importance of projecting cash flow.
Aggressively requisitioning the customer for work and front-end loading could be great ways to increase cash flows and reduce the need to borrow cash through a line of credit or owner cash infusion. Proper attention to the SOV and project analysis can eliminate future cash flow and project completion issues for the contractor.
Marcum Construction Group
One of the leading construction accounting firms in the U.S., Marcum LLP’s Construction Services group provides audit, consulting, and taxation services to 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 serve as technical reviewers for the AICPA’s construction audit and taxation guides. Marcum’s construction group also publishes several definitive industry resources – including the annual Marcum National Construction Survey, the quarterly Marcum Commercial Construction Index, the Marcum PAS Contractor Compensation Quarterly, and the annual Marcum JOLTS Analysis of construction employment trends – and presents an ongoing series of industry summits and technical webinars focused on the unique needs of construction contractors.