Construction finance - a construction company is negotiation on a construction project with 3 month...
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Construction finance - a construction company is negotiation on a construction project with 3 month duration . On the last day of each month the construction company may bill the owner for the work completed during the month . The owner pays the monthly bills one month after they are received . The owner also holds 10% retention . Final payment is expected one month after completion of the project and includes payment of the retention . The construction company pays materials suppliers in full when it receives payment from the owner. The construction company pays subcontractors when it receives for the owner but withholds 10% retention from the subcontractors payment. The construction company pays for labor weekly. Determine the monthly cash flow and complete the table
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