Clients and Construction Manager corporate finance managers are increasingly requiring detailed cash flow estimates with high levels of accuracy each month.
When subcontractors first enter their SOV detail in Textura, it would be highly beneficial if they were also able to provide their cash flow forecast by month.
Subcontractors know their cash flow expectations far better than the Construction Managers can estimate.
Cash Flow forecasts require updates each month based on actual monthly billings. Subcontractors should be able to make these updates as part of submitting their pay applications each month.
Cost loaded schedules can be used for cash flow forecasting, but it is cumbersome to setup and arduous to maintain each month.
If the subcontractors are able to provide cash flow forecasts and monthly updates with each pay application, it delegates the work load to the resources that know the future costs the best.