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Cash FlowGlossary Term

Contingent Payment

Payment tied to a specific condition being met, such as project completion or client approval. Subcontractors must track these triggers carefully to invoice on time. Delayed conditions can create serious cash-flow gaps in the field.

Related Terms

Close-Out

Cash Flow

The final phase of a contract where all work is confirmed complete, documentation is submitted, and outstanding invoices are settled. For subcontractors, delays in close-out often mean delayed final payment. Completing punch lists, timesheets, and lien waivers promptly helps accelerate the process.

Material Escalation

Cash Flow

A contract provision allowing price adjustments when material costs rise above a set threshold. Subcontractors use it to recover cost increases on longer-duration projects. Without it, unexpected price spikes in steel, pipe, or consumables come directly out of your margin.

CAPE (Consolidated Administration and Processing of Entries)

Cash Flow

A centralised system used by operators to consolidate and process contractor timesheets, work records, and billing entries. Subcontractors submit field data through CAPE to trigger payment and compliance verification. Accurate, timely entries are critical to avoiding payment delays.

Callbacks

Cash Flow

A return visit to a job site to fix work that failed inspection or did not meet spec. Callbacks are unpaid rework that directly cuts into a subcontractor's margin. Minimising them is critical to staying profitable on fixed-price contracts.

Lease Bid

Cash Flow

A formal pricing submission to secure a contract for equipment, vehicles, or workspace on a lease basis. Subcontractors use lease bids to compete for longer-term site access or equipment rental agreements. Winning a lease bid typically locks in your daily or monthly rate for the contract duration.

Price Book

Cash Flow

A document listing agreed-upon rates for various services, equipment, and materials between an operator and contractor. Field tickets are validated against the price book before approval.

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