General contractor cash flow You are a new project manager (PM) for a small general construction...
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General contractor cash flow You are a new project manager (PM) for a small general construction (GC) firm whose annual volume is $100 million. All of the work is proceeding well on your first project, which is a local retail facility. You have been preparing the pay requests and picking up the checks from your client. You know that your construction firm is being paid on your project. You have been approving the subcontractor and supplier invoices. You begin to hear rumors that your company may be in financial difficulty, which is not because of you or your project. Your subcontractors have been complaining that they are not getting paid. When you check with your comptroller, she indicates that the subcontractors' checks are "in the mail." Your client also begins to hear complaints from your subcontractors, and pre-lien notices are being filed. What do you do? General contractor cash flow You are a new project manager (PM) for a small general construction (GC) firm whose annual volume is $100 million. All of the work is proceeding well on your first project, which is a local retail facility. You have been preparing the pay requests and picking up the checks from your client. You know that your construction firm is being paid on your project. You have been approving the subcontractor and supplier invoices. You begin to hear rumors that your company may be in financial difficulty, which is not because of you or your project. Your subcontractors have been complaining that they are not getting paid. When you check with your comptroller, she indicates that the subcontractors' checks are "in the mail." Your client also begins to hear complaints from your subcontractors, and pre-lien notices are being filed. What do you do?
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As a project manager firstly I would reach to the contractor or sub contractor who is complaining fo... View the full answer
Related Book For
Excellence in Business Communication
ISBN: 978-0136103769
9th edition
Authors: John V. Thill, Courtland L. Bovee
Posted Date:
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