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Cattell, D W, Bowen, P A and Kaka, A P (2010) The risks of unbalanced bidding. Construction Management and Economics, 28(04), 333–44.

Cui, Q, Hastak, M and Halpin, D (2010) Systems analysis of project cash flow management strategies. Construction Management and Economics, 28(04), 361–76.

  • Type: Journal Article
  • Keywords: project cash flow; overdraft; cash flow management strategies; system dynamics; scenario analysis
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446191003702484
  • Abstract:
    Cash flow management is one of the most important determinants of the success of construction project management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of construction jobs. Particularly, in an attempt to reduce project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in project cash flows, a system dynamics model is developed for project cash flow management. The model is flexible to incorporate typical front-end and back-end loading cash flow management strategies and provides an interactive predication of project cash flows. A warehouse project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraft requirements while using an overbilling strategy, and 30% reduction if the trade credit strategy is implemented.

Dulaimi, M F, Alhashemi, M, Ling, F Y Y and Kumaraswamy, M (2010) The execution of public-private partnership projects in the UAE. Construction Management and Economics, 28(04), 393–402.

Hallowell, M (2010) Safety risk perception in construction companies in the Pacific Northwest of the USA. Construction Management and Economics, 28(04), 403–13.

Lai, I K W and Lam, F K S (2010) Perception of various performance criteria by stakeholders in the construction sector in Hong Kong. Construction Management and Economics, 28(04), 377–91.

Lai, J H K (2010) Operation and maintenance budgeting for commercial buildings in Hong Kong. Construction Management and Economics, 28(04), 415–27.

Raisbeck, P, Duffield, C and Xu, M (2010) Comparative performance of PPPs and traditional procurement in Australia. Construction Management and Economics, 28(04), 345–59.