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Chan, D W M and Kumaraswamy, M M (1999) Modelling and predicting construction durations in Hong Kong public housing. Construction Management and Economics, 17(03), 351-62.

Gaafar, H K and Perry, J G (1999) Strategies for insuring sub-contracted works. Construction Management and Economics, 17(03), 383-91.

Green, S D (1999) A participative research strategy for propagating soft methodologies in value management practice. Construction Management and Economics, 17(03), 329-40.

Irurah, D K and Holm, D (1999) Energy impact analysis of building construction as applied to South Africa. Construction Management and Economics, 17(03), 363-74.

Kenley, R (1999) Cash farming in building and construction: a stochastic analysis. Construction Management and Economics, 17(03), 393-401.

  • Type: Journal Article
  • Keywords: cash farming; liquidity; Monte Carlo; net cash flow; stochastic modelling
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461999371592
  • Abstract:

    Cash flow management is a significant issue in the management of a building or construction firm. This paper steps back from the well researched area of poor cash management and its relationship with failure, to focus on the funds which are generated through operations, and the positive benefits which can follow in a well managed organization. A stochastic model is developed which illustrates how an average of 16% of turnover can be available for reinvestment. This is sufficient to allow investment in non-liquid assets, provided that this is managed carefully and precautions are taken against a severe reduction in turnover. This level of funds is sufficient to encourage firms to enter the industry with the motivation of generating funds, rather than a desire to build. This has implications for large clients and for government when dealing with the industry.

Leung, A W T and Tam, C M (1999) Prediction of hoisting time for tower cranes for public housing construction in Hong Kong. Construction Management and Economics, 17(03), 305-14.

Okoroh, M I and Torrance, V B (1999) A model for sub-contractor selection in refurbishment projects. Construction Management and Economics, 17(03), 315-27.

Pietroforte, R and Bon, R (1999) The Italian residential construction sector: an input-output historical analysis. Construction Management and Economics, 17(03), 297-303.

Runeson, G and Skitmore, M R (1999) Tendering theory revisited. Construction Management and Economics, 17(03), 285-96.

Scott, S and Assadi, S (1999) A survey of the site records kept by construction supervisors. Construction Management and Economics, 17(03), 375-82.

Slaughter, E S (1999) Assessment of construction processes and innovations through simulation. Construction Management and Economics, 17(03), 341-50.

Stocks, S N and Singh, A (1999) Studies on the impact of functional analysis concept design on reduction in change orders. Construction Management and Economics, 17(03), 251-67.

Vermande, H M and Mulligen, P-H v (1999) Construction costs in The Netherlands in an international context. Construction Management and Economics, 17(03), 269-83.