Ongoing investment in working capital management, particularly billing and collections processes, is vital to the construction and engineering sector, but research undertaken by the McGrathNicol Cash and Working Capital Centre of Excellence shows some businesses still aren’t getting it right.

This is an industry with a clear challenge, a structural funding gap that means, on average, businesses within the sector are paying suppliers twice as quickly as they get paid by their own clients. So taking a focussed approach to working capital management is vital to maintain liquidity.

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This article was first published by Mayfam Media on Inside Construction, please click here to view.