Without good cash flow, it can be difficult to take care of business essentials such as paying employees and subcontractors, purchasing materials or buying equipment.
The larger the company, the more finance people you may have in place to help manage this key task. But good cash flow principles go beyond your finance people.Steve Lords, vice president and chief financial officer of Arizona Pipeline, has made it a mission to educate people on this topic. He’s taught courses on cash flow for the Construction Financial Management Association and has taught it at every company he’s worked at since he first became involved in finance
