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Topic : Construction Project Management
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Started by : M NITIN SHENOY, PMP, IPMA-D, CEng MICE, Manager   03 19 2009 09:46:44 +0000
Industry : ConstructionFunctional Area : Project Management(Technology)
Activity:  44 views;  last activity : 07 06 2010 20:18:09 +0000

Working Capital = Current Assets - Current Liabilties

Current Assets = Stock, Unfinished Goods, Cash /  Bank Balances, Oustanding Claims etc.. (What you OWN)

Current Liability = Payment due to Sub Contractor, Vendor balances, etc.. (What you OWE)

A negative Working Captial is a healthy sign in any Construction Project, that is in Simple Terms "Work with others MONEY...!!!"

Its very simple said than done... Kindly share ur IDEAS on WCM...!!!

 
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1 Minimize Stock and Reduce Cash/ Bank Balance...!!!
2 Material, menpower and finance managment in scheduled time .

Minimize Stock and Reduce Cash/ Bank Balance...!!!

idea posted by M NITIN SHENOY, PMP, IPMA-D, CEng MICE Manager

A Good Procurement Plan and Fund Management Plan could aids in Timely Procurement & Utilization of Materials as well as Funds thus reducing Working Capital...!!!

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Material, menpower and finance managment in scheduled time .

idea posted by rakeshbhatnagar GM Projects., wig brothers india pvt.ltd.

IF MENPOWER, MATERIAL AND FINANCE IS MANAGEDIN SCHEDULE IT WILL ACT AS A CATALYST TO ACCELERATE THE PROJECT SCHEDULE.BEYOND THIS PAYMENT OF OUR BILLS TO BE RECOVERED INTIME TO MAINTAIN FINANCE.

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