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Level: Intermediate
TCM Section(s):
9.2. Progress and Performance Measurement
9.1. Project Cost Accounting
Venue: 2020 AACE International Conference & Expo
Abstract: Many owners establish standardized earning rules of credit for progress measurement. Cash flow is most certainly an important consideration on any project whether from an owner’s perspective or a contractor’s perspective. The weighting associated with these rules of credit will undoubtedly have an impact on cash flow. This paper will discuss and illustrate the impact to cash flow for various rules of credit scenarios. The paper will focus on standard rules of credit for engineering, procurement, and construction. In the end, understanding how rules of credit for progress measurement affect cash flow can lead to a sustainable methodology that be used to mitigate the challenges of accurately measuring projects.
TCM Section(s):
9.2. Progress and Performance Measurement
9.1. Project Cost Accounting
Venue: 2020 AACE International Conference & Expo
Abstract: Many owners establish standardized earning rules of credit for progress measurement. Cash flow is most certainly an important consideration on any project whether from an owner’s perspective or a contractor’s perspective. The weighting associated with these rules of credit will undoubtedly have an impact on cash flow. This paper will discuss and illustrate the impact to cash flow for various rules of credit scenarios. The paper will focus on standard rules of credit for engineering, procurement, and construction. In the end, understanding how rules of credit for progress measurement affect cash flow can lead to a sustainable methodology that be used to mitigate the challenges of accurately measuring projects.