Financial Strategy

Jacqueline Cannon and Patricia M. Hillebrandt

Chapter 5 in The Management of Construction Firms, 1989, pp 57-74 from Palgrave Macmillan

Abstract: Abstract Contracting is a service which is related to individual projects each one of which may be likened to a firm with a relatively short and finite life. In the short term, the number of projects which a firm can undertake is more or less fixed by its management or skills capacity, and it is usually found that relatively few projects account for the major part of the operations of the firm. If one project fails, for whatever reason, the effect can thus be very damaging to the overall health of the firm. This is especially so because the potential loss is a very high proportion of total turnover, and hence of the total resources of the firm.

Keywords: Cash Flow; Capital Structure; Capital Gain; Share Price; Inflation Expectation (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-13626-1_5

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