ABSTRACT
Introduction At tender stage, a contractor sets up his fi nancial and time objectives by calculating construction costs and producing a project programme. By linking the two sets of data, an estimator can fi rstly help a client produce his forecast of payments and secondly compare this with his likely payments (to suppliers and sub-contractors) to produce his own cashfl ow forecast. In this way a contractor is in a unique position to give accurate information to the building team.
