Explore
For Enterprise
Join for Free
Log In

artes y humanidades
Negocios
Ciencias de la Computación
Ciencia de Datos
Tecnología de información
salud
Matemáticas y Lógica
Desarrollo Personal
Ciencias Físicas e Ingeniería
Ciencias sociales
Aprendizaje de un idioma
Grados
Certificados

Explorar todo lo que Coursera tiene para ofrecer

Explorar
Buscar
For Enterprise
Inicia Sesión
Únete de forma gratuita

Payment Cycle

Loading...

Construction Cost Estimating and Cost Control

Universidad de Columbia

4.7 (696 calificaciones) | 13K estudiantes inscritos

Curso 3 de 4 en Gestión de obras Programa Especializado

This course introduces the types of cost estimation from the conceptual design phase through the more detailed design phase of a construction project. In addition, the course highlights the importance of controlling costs and how to monitor project cash flow. Students will work on a break-even analysis of construction tasks in a project.

Destrezas que aprenderás

Cash Flow, Cost, Cost Control, Cost Estimate

Revisiones

4.7 (696 calificaciones)

5 stars
526 ratings
4 stars
134 ratings
3 stars
22 ratings
2 stars
7 ratings
1 star
7 ratings

SP

Jun 25, 2018

If you are having an civil engineering background or from the Management background you must right away take this course it was reall helpfu to widen my knowledge.

SP

Jun 18, 2018

One of the important course in specializations. Many useful tools can be found in this course which are used in construction industry and project management.

De la lección

Project Cash Flow

Ben Miller, Project Manager at Gilbane Building Company, discusses contracts and cash flows. Revenues, expenses and how they impact projects as a whole will be covered.

Cash Flow Method14:16

Accrual Method8:11

Contractor Cash Flow6:51

Charting Cash Flow3:30

Calculating Billing7:29

Payment Cycle6:56

Payment Cycle Drivers5:57

Payment Cycle Delays12:34

Impartido por:

Ibrahim Odeh, Ph.D., MBA
Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University

Transcripción

All right, so we know we've billed, right?

But we still don't really have revenue, and we're a contractor, we're this guy,

right, the low man on the totem pole.

We want to get some cash flow.

We want this revenue part to be filled in because we have our expense line here.

We know we have expenses, but so far we haven't seen any payment.

That brings us to our payment cycle.

The payment cycle is the period of time between billing and receipt.

It's that period of time where we're waiting for the money to come in.

Now, on most projects that's about 30 days.

It can be as many as 90 days, sometimes.

I mean,

the contractor isn't receiving money until 90 days after they've submitted a bill.

But we're going to assume 30.

So add that assumption up here.

Billings are a 30 day pay.

So, Down here in our chart, let's go ahead and add some information.

We got our payment.

Go ahead and add the line.

So, We're going to assume 30 days, which for most people is a month, right?

So if we build $810 in month one we simply translate it here.

Wait a minute, we're in the same position we were before.

The project's done in month eight, but we build the whole thing in month nine and

now we're waiting a whole nother month.

We gotta add another month to our chart.

This thing's just growing and growing.

Here's month ten, all right?

Our earned value is that same 12,000, we're complete.

Retainage is down to nothing.

We're still billing a total value of $12,000.

And finally, two months after the project is complete, they've checked,

they know our work's done, and we're going to get paid.

We're finally going to get paid the full project amount.

Now this is something we can actually chart, right?

If we want to use this chart to figure out cash flow,

we already have our expenses here.

Now we need to go ahead and chart our revenues.

We really have them now.

So this is actually pretty simple, right.

Now we've gotten paid, and now we can actually chart this.

So we're going to continue our earned value curve here.

And our expense curve.

These go flat, right?

So, in about like that.

Now if we chart up, Each month,

the end of month one, Zero payment.

The end of month two, we're going to receive our payment for month one,

it's going to be $810.

We're going to be right about, Here.

At the end of month three, we're going to receive

our payment, $1,620 right about here.

End of month four, $2,700.

About there.

With our $5,000 mark

10,530, we know that's

just above our line here.

10,800 is going to bring us up right about between the two lines,

a little bit on the low side.

And finally, right, in month ten,

at the end of that month we're going to go ahead and get paid our full amount.

So, how do we connect these dots?

We've got all these little green dots on the screen showing our revenues, but

how do they get connected?

Well, we talked about this before, right?

That every month we're going to receive a lump payment.

We aren't receiving a small payment over time.

We're receiving one stepped payment.

So the end of month two we receive our payment.

Month one we received nothing.

Month two we still aren't receiving until the end of the month.

We're going to see a step.

We're going to stay at that same level revenue, only through the month.

We're going to see another step.

We just continue connecting the dots in this way.

So we know that revenue minus expense equals capital.

Now we can look at this chart, and we can see something here, right?

We can see really clearly that for the entirety of this project,

all the way up through, up to the point, right,

the end of month eight we're completing the project.

We've completed the project.

And it's not until we're done this project that we actually start turning a profit,

right, when I can start shading this in green.

This is the color I like to color in.

It's not until we're done that we see a profit.

Now, why might this be?

A lot of it's this billing cycle, right?

It's a lag between when we've earned our value and

when we actually receive the money for that value.

Next we're going to talk about why that happens and why that exists.

Explora nuestro catálogo

Inscríbete de manera gratuita y obtén recomendaciones personalizadas, actualizaciones y ofertas.

Coursera brinda acceso universal a la mejor educación del mundo, al asociarse con las mejores universidades y organizaciones, para ofrecer cursos en línea.

© 2019 Coursera Inc. Todos los derechos reservados.

Descargar en la App Store

Consíguelo en Google Play

Coursera
Acerca de
Liderazgo
Empleo
Catálogo
Certificados
Certificados MasterTrack™
Grados
For Enterprise
For Government

Comunidad
Learners
Partners
Developers
Beta Testers
Translators

Conectar
Blog
Facebook
LinkedIn
Twitter
Instagram
Youtube
Blog de Tecnología

Más
Términos
Privacidad
Ayuda
Accesibilidad
Prensa
Contacto
Directorio
Afiliados