Research Article
Dec 1976
Construction Cash Flow Management System
Publication: Journal of the Construction Division
Volume 102, Issue 4
Abstract
Cost estimate and durations for construction work packages are input by a user-oriented language. The program assembles the activities into a network and computes the monthly cash flow requirements. Different escalation rates may be given for each work package, and simple or compound interest on funds during construction may be used. Activities affected by weather conditions are automatically lengthened if they fall in the winter. Estimates of the uncertainty in costs and durations may be input, and the program calculates the resulting uncertainty in the project milestone completion dates and the cash flow projections. If limitations on the total cash flow in any period are imposed, the program automatically reschedules the project to meet the restrictions with the least delay in completion date. Application of the program to a coal-fired power plant is illustrated, and the effects of various cash flow limitations on project duration, interest, escalation, and total cost are compared.
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Information
Published In
Journal of the Construction Division
Volume 102 • Issue 4 • December 1976
Pages: 615 - 627
Copyright
© 1976 American Society of Civil Engineers.
History
Published in print: Dec 1976
Published online: Feb 11, 2021
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Authors
Affiliations
Kenneth F. Reinschmidt, M.ASCE
Consultant; Littleton, Mass.,; formerly, Assoc. Prof. of Civ. Engrg., Massachusetts Inst. of Tech., Cambridge, Mass.
Walter E. Frank, AM.ASCE
RG&E Grad. Fellow; Dept. of Civ. Engrg., Massachusetts Inst. of Tech., Cambridge, Mass.
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.