Qualitative Analysis of Cash Flow Policies and Their Impact on Large Commercial General Contractors in the Southeastern United States
The number of business failures in the U.S.construction industry is significant.Over the past several decades,construction businesses have gone bankrupt at one of the highest rates of all U.S.business entities.Cash flow problems are one of the primary causes of these failures,and in many cases more so than a lack of profitability.In the construction industry,this aspect can often be as important as the technical and managerial components of a projects delivery.This paper presents a qualitative analysis of the cash flow policies targeting commercial general contractors in the southeastern United States,whose annual volumes are between 250 million and 1.5 billion.Policies are examined with respect to the cost of construction financing,percentage of self-performed work,retainage,mobilization costs and payments to subcontractors and vendors.From this data,best practices are recommended for contractors operating or who wish to operate in similar markets.
cash flow general contractors financial policies commercial construction
GUJAR Purva HOLLEY Paul
Department of Building Science, Auburn University,Auburn, AL 36849, USA Department of Building Science, Aubum University, Auburn, AL 36849, USA
国际会议
2006 International Conferncen on Construction & Real Estate Management(2006建筑与房地产管理国际会议)
美国奥兰多
英文
1392-1397
2006-10-05（万方平台首次上网日期，不代表论文的发表时间）