Construction firms clear debt at faster pace on higher number of public projects
Construction firms have been having an easier time in their cash flow management as the sector continues to benefit from a boom in the number of projects.
Firms in the sector took just 32 days to settle a debt in the fourth quarter last year, 12 days shorter than the previous quarter, according to the DP SME Commercial Credit Bureau.
The debt repayment period over the fourth quarter is the shortest in four years for construction firms.
An average of 55 days were needed for construction firms to settle their debt in the fourth quarter of 2009.