| Original language | English |
|---|---|
| Journal | Journal of Engineering, Design and Technology |
| DOIs | |
| Publication status | Published (VoR) - 17 May 2022 |
Funding
It worth noting that the turnaround time of the CI is not constant holistically but unique to specific projects as the size of a project spells out the financial parameters. Payment for work done in most instances is a challenge affecting construction firms’ cash flows and WCM particularly in developing countries. Even well positioned construction companies with good balance sheet end up contracting financial assistance from the financial institutions to support operations when payment delays (). Most developing countries have no infrastructure development banks that can grant medium- to long-term loans therefore fail to offer loans to the industry players to execute long term construction projects. It means failure on the part of the client paying contractors on time hence affecting the firms’ WCM and eventually its operations.
Keywords
- Construction industry
- Practices
- Working capital management