Kaka, A P and Price, A D (1994) A survey of contractors' corporate planning and financial budgeting: Contractors lack effective and accurate methods of corporate planning, financial budgeting and cashflow forecasting identified in survey of 15 british construction companies. Building Research & Information, 22(3), pp. 174-182. ISSN 0961-3218
Abstract
The authors found that contracting-only firms were more vunerable in cases of inaccurate budgets; fluctuations in working capital could lead to the bankruptcy of a contractor who could not raise loans quickly. Two reasons were identified as the cause of inaccurate budgets: forecasting on an overall basis and the inability to take into account accurately variations in strategies and the environment.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cashflow forecasting; corporate planning; financial budgeting; financial ratios; strategic decisions |
| Index terms: | strategy, construction company, survey, budgeting, financial ratio, corporate planning, variation, forecasting, bankruptcy |
| Subjects: | business, data collection methods, prediction and forecasting, contractual condition, financial management, management, organization, economic analysis |
| Topics: | Research Practice, Business Strategy, Governance, Contract Administration |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here