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Cashflow Projections
Cashflow projections are important factors to consider in the construction industry. No business wants to pull a job part way through due to cash constraints, this is even more critical in the building industry which relies upon final completion of projects where client needs the project handing over by a certain date.
Ensuring cashflow projections are accurate is, therefore, of critical import to any business involved in construction. Contractors and professionals all require payment on time, so keeping the supply chain up to speed and paying invoices on time is not an issue to neglect.
For further information, see our blog post on the construction act amendments by clicking here.
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