Construction Cash Flow and Payment Management (CM-055) Training Course

Construction Cash Flow and Payment Management

Cash is the lifeblood of the construction industry. Contractors and subcontractors often finance work for weeks or months before being paid, and late or disputed payments…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

Cash is the lifeblood of the construction industry. Contractors and subcontractors often finance work for weeks or months before being paid, and late or disputed payments can push otherwise profitable businesses into insolvency. Clients, too, need accurate cash flow forecasts to arrange funding and control expenditure.

This Construction Cash Flow and Payment Management training course explains how to forecast, manage and protect cash flow on construction projects. Participants learn about payment mechanisms in common contract forms, interim applications and valuations, payment notices and certification, retentions, advance payments and bonds, cash flow forecasting techniques, working capital management and the handling of payment disputes.

The course provides practical tools for both contractors and clients to improve cash performance and reduce payment conflict.

Course Objectives

By the end of this training course, participants will be able to:

Explain the importance of cash flow in construction businesses
Describe payment mechanisms in common construction contracts
Prepare and assess interim payment applications and valuations
Apply payment notice, certification and withholding procedures
Manage retentions, advance payments, bonds and guarantees
Forecast project and company cash flow accurately
Improve working capital through commercial practices
Resolve payment disputes efficiently

Target Audience

This training course is suitable for a wide range of professionals, including:

Quantity surveyors and commercial managers
Finance managers in construction companies
Project managers and project directors
Client cost managers and certifiers
Subcontractor managers and owners
Credit control and accounts staff in construction

Training Methodology

The course uses worked examples, spreadsheets and case studies based on real contract mechanisms. Participants prepare an interim application, assess a valuation, build a project cash flow forecast and analyse a payment dispute, comparing contractor and client perspectives throughout.

Target Competencies

Payment mechanism understanding
Valuation preparation and assessment
Payment procedure compliance
Cash flow forecasting
Working capital management
Payment dispute handling

Course outline

1Day One: Cash Flow in Construction

Why construction businesses are vulnerable to cash problems
Profit compared with cash and why both matter
The payment chain from client to supply chain
Impacts of late payment and insolvency
Payment legislation and fair payment practices in overview
Key cash flow measures for projects and companies
Exercise: analysing the cash position of a project

2Day Two: Payment Mechanisms and Valuations

Lump sum, remeasurement and milestone payment
Interim valuations and payment applications
Valuing work in progress and materials on site
Variations and claims in interim payments
Supporting documentation and evidence
Assessing applications as a client or certifier
Workshop: preparing and assessing an interim application

3Day Three: Notices, Retentions and Securities

Payment notices, pay less notices and timing
Certification procedures and certifier duties
Retention percentages, release and alternatives
Advance payments and advance payment guarantees
Performance bonds and parent company guarantees
Set-off, withholding and deductions
Exercise: applying payment notice procedures

4Day Four: Forecasting Cash Flow

Building project cash flow forecasts
S-curves and standard cash flow profiles
Linking programme, cost and payment timing
Company-level cash flow and funding requirements
Scenario analysis for delays and disputes
Monitoring actual cash against forecast
Workshop: building a project cash flow forecast

5Day Five: Improving Cash and Resolving Disputes

Commercial practices that accelerate payment
Managing supply chain payments fairly
Escalating overdue payments effectively
Suspension rights and their careful use
Adjudication and other routes for payment disputes
Lessons from construction insolvencies
Personal action plan for payment management

Frequently asked questions

How long is the Construction Cash Flow and Payment Management course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Construction Cash Flow and Payment Management course?

The next public date is 7 - 11 Dec 2026 in Frankfurt. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Frankfurt, London, Barcelona, Munich, Paris, Rome, Vienna, Amsterdam, Dubai, Geneva, Kuala Lumpur, Madrid.

Can I take Construction Cash Flow and Payment Management online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Construction Cash Flow and Payment Management

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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