Cashflow
Cashflow
(OP)
Can anyone help me with determing a cashflow system?
Maybe some tips and/or tricks.
The problem is that we make tenders in which we are sometimes allowed to make statemanents about payment periods. i.e. 10% at project start 45% at 50% of execution complete and so on.
Our customers pay us after i.e. 60 days. We have to pay our contractors after 30 days and some after 45 days.
I want to make a payment schedule so that the cashflow is preferably positive at all times.
Currious for solutions.
Greetings Wili2
Maybe some tips and/or tricks.
The problem is that we make tenders in which we are sometimes allowed to make statemanents about payment periods. i.e. 10% at project start 45% at 50% of execution complete and so on.
Our customers pay us after i.e. 60 days. We have to pay our contractors after 30 days and some after 45 days.
I want to make a payment schedule so that the cashflow is preferably positive at all times.
Currious for solutions.
Greetings Wili2





RE: Cashflow
You are a mechanical engineer, like myself. We make our living getting the correct bolts supplied at the correct time in a project.
Suggestion: pretend the necessary cash to be in gold bars, put it on the material list and contact suppliers (banks, earlier customers, bosses - and economic departments) on how to have it available within critical time for the project.
(This is actually what people with economic education do, -only that they spend five years at university learinig to describe it with fancy words
RE: Cashflow
Other is to subsidize this project with other projects that have better payment conditions.
The last one is to force your suppleirs to accept new payment conditions.