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Financial Strategy

In: The Management of Construction Firms

Author

Listed:
  • Jacqueline Cannon
  • Patricia M. Hillebrandt

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.

Suggested Citation

  • Jacqueline Cannon & Patricia M. Hillebrandt, 1989. "Financial Strategy," Palgrave Macmillan Books, in: Patricia M. Hillebrandt & Jacqueline Cannon (ed.), The Management of Construction Firms, chapter 5, pages 57-74, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-13626-1_5
    DOI: 10.1007/978-1-349-13626-1_5
    as

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