How to Avoid Bankruptcy in Construction: Control Your Cash Flow
Cash flow is one of the most important issues facing contractors today. With the market continuing to stay strong, companies are faced with starting new projects, hiring staff, and investing in assets to support the business; yet, more companies go bankrupt due to cash flow issues than profitability issues.
Many actions can and should be taken to improve cash management practices. This session explores a range of simple to complex tools and techniques to help contractors manage and control cash flow and touches on new legislation regarding prompt payment.
After this session, you will be able to:
- Recognize the importance of cash management practices
- Increase profits with billings and collections
- Apply tools and techniques that optimize cash flow
- Maximize cash flow with process standardization
- Create transparency and accountability with measurement
Level & Prerequisites
This program is a Basic Level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
Earn 1 CPE credits in the field of Finance upon successfully completing this course and achieving at least 70% on the final exam.
Earn 1 CCIFP Professional Development credits which can be applied to either the General or Construction Requirement.
This on-demand course is based on a popular session from CFMA’s 2023 Annual Conference. Please note that you cannot receive CPE or CCIFP Professional Development credit if you have already participated in this session during CFMA’s 2023 Annual Conference.
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Take This Course?
- Business Owners
- Construction Financial Professionals
- Professional Advisors
- Risk Managers
- $79 for CFMA Members
- $99 for Non-members
CFMA Colleague Discount
If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at firstname.lastname@example.org for more information.
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at email@example.com
for more information.