The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
This is why I started The Construction Cashflow podcast, in order to keep these issues at the forefront of people's minds when setting up and carrying out construction projects.
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In this episode, I interview Ricard Brackstone CEO of RBMC. Richard has many years of experience in the industry working on all sides of the fence, for clients, contractors and specialist subcontractors.
Richard is a highly accomplished business executive and entrepreneur, known for his expertise in corporate strategy, finance, risk management and leadership. As the founder and CEO of RBMC, Richard has built a reputation for creating innovative solutions and driving successful outcomes for his clients.
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