The prospect of erecting a building is an exciting one, but there are few people who want to bear the brunt of having to decide on how much should be spent, when it should be spent, and then monitoring that spending. Fortunately, we at M Power Consulting are not only able to assist you with cash flow forecasting for the term of the project, or a predefined period, but also with complete construction cost management from initiation to completion.

Cash flow forecasting in the construction and engineering environment demands a highly specialised skillset. While project budget planning, drafting of bills of quantities and estimating the complete building cost are vital components – the cash flow allows you to be able to integrate all these variables into a systematic and easy to understand format. This forecast will help to determine how much money should be spent, at what stage of the project, and on which materials or resources.

The skills involved here are highly sought after since most clients are not familiar with project budget planning intricacies, and it’s preferable that the quantity surveyor manages the project spending. Estimating building cost is not something you would want to handle in an arbitrary manner. Running out of money or spending injudiciously can prejudice a project, even to the point of abandonment! Indeed poor forecasting and inept construction cost management can have devastating consequences, including the loss of jobs.

The real key to successful cash flow management lies in being proactively involved in monitoring the cash flow. This involves measuring the predictions against the actual spend and reporting back, re-budgeting, and being flexible enough to make necessary adjustments as the project ensues. The role of cash flow forecasting is therefore a critical one, and demands specialised construction cost management skills – which you can confidently expect when you engage M Power Consulting.