Cash Flow Forecast
Definition
A cash flow forecast for a construction project projects the monthly flow of income (interim payment applications) and expenditure (subcontractor payments, materials, labour, preliminaries) over the project duration. It identifies periods of peak financing need and the overall working capital requirement.
In construction tendering, this means...
Cash flow forecasting is essential for GC financial management. Construction is notoriously cash-intensive, contractors often fund significant amounts of work before receiving payment. Understanding the project's monthly cash position, including the impact of retention and payment terms, helps GCs plan their financing and avoid being caught short.
Takshy automates the parts of the tendering process that involve cash flow forecast, extracting scope, managing documents, and keeping your workflow organised from first document to final award.
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Understanding the terminology is step one. Takshy handles the rest, from extracting scope from project documents to sending structured RFQs and managing the returns.
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