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Managing the Lifeblood of Contracting - Cash Flow
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Wednesday, April 18, 2018 “Managing the Lifeblood of Contracting – Cash Flow” Presented by Christine Rahlf, Associate Director – Maxim Consulting Group, LLC 8:00 am – 12:00 pm Open to ECA members, only.

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When: Wednesday, April 18, 2018
8:00 AM
Where: Drake Oak Brook Hotel
2301 York Road
Oak Brook, Illinois  60523
United States

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Wednesday, April 18, 2018

“Managing the Lifeblood of Contracting – Cash Flow”

Presented by Christine Rahlf, Associate Director – Maxim Consulting Group, LLC

8:00 am – 12:00 pm
Drake Oak Brook Hotel
2301 York Road
Oak Brook, IL 60523
(630) 571-0000

Open to ECA members, only.

Cash flow is one of the most important issues facing contractors today. As the market continues to stay strong, companies are faced with starting new projects, hiring staff, and investing in assets to support the business. More companies go bankrupt due to cash flow issues than due to profitability. Many things can and should be done to improve cash management practices. We will explore a range of tools and techniques, from simple to complex, that allow firms to manage and control cash flow. Examples include contractual negotiation strategies, pricing and bidding practices, development of cost and resource-loaded schedules that tie to billing activities in the schedule of values, use of 12-week cash flow forecasts, project closeout procedures, and managing the billings and collection cycle. An interactive cash flow simulation provides hands-on experience that enhances the learning outcomes.

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