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Barrett, P S and Barrett, L C (2003) Research as a kaleidoscope on practice. Construction Management and Economics, 21(07), 755-66.

Cho, Y (2003) The organizational boundaries of housebuilding firms in Korea. Construction Management and Economics, 21(07), 671-80.

Dainty, A R J and Edwards, D J (2003) The UK building education recruitment crisis: a call for action. Construction Management and Economics, 21(07), 767-75.

Kaka, A P and Lewis, J (2003) Development of a company-level dynamic cash flow forecasting model (DYCAFF). Construction Management and Economics, 21(07), 693-705.

  • Type: Journal Article
  • Keywords: Financial planning; cash flow; management information systems; simulation; budgeting
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619032000116561
  • Abstract:

    Current methods of predicting cash flow have a number of significant weaknesses. At the project level, previous models are simple and incorporate only some of the variables affecting cash flow. On the company level, budgeting is performed on an overall basis (i.e. no account is taken of individual contracts). This is mainly due to the fact that a considerable amount of any year’s turnover is contributed by contracts that have yet to be won (or even known of) at the time of the budget. This approach, in addition to being inaccurate, precludes the role of budgeting as a tool for strategy evaluation. This paper presents a dynamic cash flow forecasting model that would assist contractors to effectively plan and manage the cash flow of individual projects and at a company level. The advances made in the model can be represented by three of its main features. First, the development of a more accurate and complex cash flow calculation mechanism. Second, the development of an information system that will help the contractor enter the data necessary for this mechanism. Third, the development of a company-level model that is based on individual projects, both known and unknown to the contractor at the time of the forecast.

Perttula, P, Merjama, J, Kiurula, M and Laitinen, H (2003) Accidents in materials handling at construction sites. Construction Management and Economics, 21(07), 729-36.

Phua, F T T and Rowlinson, S (2003) Cultural differences as an explanatory variable for adversarial attitudes in the construction industry: the case of Hong Kong. Construction Management and Economics, 21(07), 777-85.

Pongpeng, J and Liston, J (2003) A multicriteria model's survey: state of the art and some necessary capabilities of future models. Construction Management and Economics, 21(07), 665-70.

Shohet, I M (2003) Building evaluation methodology for setting maintenance priorities in hospital buildings. Construction Management and Economics, 21(07), 681-92.

Su, C-K, Lin, C-Y and Wang, M-T (2003) Taiwanese construction sector in a growing 'maturity' economy, 1964-1999. Construction Management and Economics, 21(07), 719-28.

Tam, C M, Fung, I W H, Yeung, T C L and Tung, K C F (2003) Relationship between construction safety signs and symbols recognition and characteristics of construction personnel. Construction Management and Economics, 21(07), 745-53.

Wanous, M, Boussabaine, A H and Lewis, J (2003) A neural network bid/no bid model: the case for contractors in Syria. Construction Management and Economics, 21(07), 737-44.

Zhi, M, Hua, G B, Wang, S Q and Ofori, G (2003) Total factor productivity growth accounting in the construction industry of Singapore. Construction Management and Economics, 21(07), 707-18.