Explore
For Enterprise
Join for Free
Log In

艺术与人文
商务
计算机科学
数据科学
信息技术
健康
数学和逻辑
个人发展
物理科学与工程
社会科学
语言学习
学位和证书

浏览 Coursera 的全部课程

浏览
搜索
企业版
登录
免费加入

Payment Cycle

Loading...

Construction Cost Estimating and Cost Control

哥伦比亚大学

4.7（678 个评分） | 13K 名学生已注册

课程 3（共 4 门，营建管理专项课程）

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.

查看授课大纲

您将学习的技能

Cash Flow, Cost, Cost Control, Cost Estimate

审阅

4.7（678 个评分）

5 stars
514 ratings
4 stars
128 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.

从本节课中

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

教学方

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

脚本

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.

探索我们的目录

免费加入并获得个性化推荐、更新和优惠。

Coursera 致力于普及全世界最好的教育，它与全球一流大学和机构合作提供在线课程。

© 2019 Coursera Inc. 保留所有权利。

通过 App Store 下载

通过 Google Play 获取

Coursera
关于
管理团队
工作机会
目录
证书
MasterTrack™ 证书
学位
企业版
政府版

社区
Learners
Partners
Developers
Beta Testers
Translators

连接
博客
Facebook
领英
Twitter
Instagram
YouTube
技术博客

更多
条款
隐私
帮助
内容访问
媒体
联系我们
目录
附属公司