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How to deal with problems in the project capital chain?

2009-03-07View Original

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The international financial turmoil affects us* * It has had a great impact. How does a construction unit respond to the crisis? What measures should be taken?
Reply #22009-03-07
The issue you mentioned is very complicated. Even if there is no financial crisis, it is still a problem for construction units, especially the project department.
Reply #32009-03-07
This question is difficult to answer, as I don’t know your specific situation. I made a proposal to my friend's company a year ago: We must make every effort (using various means) to turn back the receivables and shrink the business across the board. If you don't think of a solution until now, it's indeed a bit late. But now some wise owners have begun to quietly promote the launch of the project: Now is a rare opportunity to realize low-cost projects. When the project is completed in two or three years, the economic crisis should have basically passed. Therefore, as a construction unit, we must persist with all our strength, "the leftover is king". As for the funding problem, the bank's loan policy is already quite loose now, so you might as well think of a way.

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