Transcription of Cash Flow Forecasting - RICS
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Cash Flow Forecasting - RICS
RICS QS & Construction Standards (the Black Book') RICS QS & Construction Standards GN 79/2011. Cash flow Forecasting RICS Practice Standards, UK. 1st edition, guidance note This guidance note summarises what cash flow Forecasting is, how to produce a useful forecast and how to use the forecast to assess Cash flow Forecasting progress on site and assist both employers and contractors to analyse 1st edition, guidance note actual expenditure against forecast expenditure. Guidance is given on the cash flow of construction contracts (project cash flows ) and not specifically for the cash flows of companies (organisational cash flow), although many principles do overlap. Guidance is given under the following headings which map to the Assessment of Professional Competence (APC): General Principles (Level 1: Knowing). Practical Application (Level 2: Doing). Practical Considerations (Level 3: Doing/Advising).
1.1.4 Forecasting business performance 4 1.1.5 Stakeholder management 4 1.1.6 Managing consultants’ resources 5 1.2 Cash flow forecasting and business failure 5 1.3 Standard contracts, methods of valuation and cash flow forecasting 5 1.3.1 Types of valuation 5 1.3.2 The effect of valuation method upon cash flow forecast 6
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