ABSTRACT
Organisational cash flow management is fundamental to any business and construction is no different, yet it is very poorly understood in the construction industry. As a direct result, companies continue to fail, often quite spectacularly, due to a fundamental breakdown in their financial systems. The literature consistently points to cash flow management as being essential for the successful management of a construction business. This statement is often made in reference to gross cash flows, always made in reference to net cash flows, and just occasionally made where it really matters, in relation to organisational cash flow management.
