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Controlling the cash flow and expenditure for a medium rise construction project is a big task, and one that requires input and assistance from others.
- Controlling the cash flow and expenditure for a medium rise construction project is a big task, and one that requires input and assistance from others. Describe the processes you have implemented, and the way in which you supervise staff who work with you to ensure that:
- All invoices are 'posted' to the correct cost centre to enable accurate cost monitoring
- Regular and accurate financial and costing reports are generated and shared with key stakeholders
- Creditor payments are monitored and managed, on a daily basis, in line with contracts and terms of credit
- Actual project costs are recorded and organisational rates are adjusted as necessary
- Schedules for payments and cash flows are revised to match actual project performance
- All invoices are 'posted' to the correct cost centre to enable accurate cost monitoring
- Regular and accurate financial and costing reports are generated and shared with key stakeholders
- Creditor payments are monitored and managed, on a daily basis, in line with contracts and terms of credit
- Actual project costs are recorded and organisational rates are adjusted as necessary
- Schedules for payments and cash flows are revised to match actual project performance
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