ABSTRACT
The consistent message running through this book is how important it is to continuously manage the working capital – and especially the cash flow – which is the lifeblood of the practice. The majority of construction projects are long term in nature and can take many years to reach handover and completion. Such projects are complex and involve many different people and organisations with conflicting agendas. It is unsurprising that the vast majority of projects end up being delayed. All of the different potential reasons for delay have an identical financial effect on the architect, which is that the payment of fees is delayed too.
