Build your professional network on facebook via our app Go to app
 
<< Prev  86 of 122 in Topic  Next >>
Topic : Construction Project Management
  Rate : 
 
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...!!!

 
Share
 
 
  Rate : 
 
 
 
 
  1 0
 
 
 
 
 
 
 
1 2
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...!!!

1
No supporting Arguments for this idea
Add your argument:

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.

0
No supporting Arguments for this idea
Add your argument:

Add your Idea
Idea* : 
Add your argument:
edit in rich text ...
Could not find any idea interesting in: "Working Capital Management Strageies in Construction Projects...???" ? Click here to add a new idea...

Found the idea contest "Working Capital Management Strageies in Construction Projects...???"  interesting ?  Click here to refer to your connections and communities
Leading Health Care Recruitment Firm
JOBS Dermatologist (Keralite), Dubai, mail your resume to m.krishnan@medicalnaukri.com
Jobs for Ophthalmologist in South India, mail your resume to m.krishnan@medicalnaukri.com
Jobs : Specialist Orthopedic Surgeon @ Sharjah - Mail your profiles to betsy@medicalnaukri.com
Viewers also viewed
As everyone knows about the importance of Lean thinking in the Construction process as customers...
 
12 referals 10 votes, 2940 views
The increasing cost of construction rehabilitation, led by escalating raw materials and labour...
 
250 referals 10 votes, 2399 views
more...  
Recent Knowledge (4)
When we are watching news channels or any other channel or reading news papers you bump upon...
 
2022 referals 11 votes, 200 views
we all know the perils of talking on cell phones while driving. besides being hazourdous to...
 
290 referals 2 votes, 36 views
more...  
More From Author
I think this is a perpetual INDIAN Phenomenon..and situation would become worse if we don't embrace Mechanization to the Core and also train and engage/ encourage more skilled workforce and professional workpractices.. Gone are the days of enaging...
What are the various unique features and aspects of the Construction of Hospitals in India? Any insights from those who have worked in such projects abroad can also be helpful..
Subcontracting works forms the heart of executing project for any Main Contractor... While negotiating with the Subcontractor, there are various contractual terms to be considered and agreed upon.. Of these terms please highlight the most...
more...