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A survey of contractors corporate-planning and financial budgeting
journal contributionposted on 2014-11-20, 14:53 authored by Ammar P.F. Kaka, Andrew Price
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.
- Architecture, Building and Civil Engineering
Published inBUILDING RESEARCH AND INFORMATION
Pages174 - 182 (9)
CitationKAKA, A.P. and PRICE, A.D.F., 1994. A survey of contractors corporate-planning and financial budgeting. Building Research and Information, 22 (3), pp. 174 - 182.
Publisher© Taylor and Francis (E. and F.N.Spon)
- VoR (Version of Record)
Publisher statementThis work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
NotesThis article is closed access.