A residential building business operates on delayed cash flow cycles. Unlike retail or service businesses that get paid immediately, builders often pay for everything upfront and only get paid in progress payments over time.
Here’s where things go wrong:
1. You Pay Before You Get Paid
Builders have huge upfront costs—materials, subcontractors, permits, and insurance. These payments are due before you see any revenue from the job. If your next progress payment is delayed (which happens often), you’re stuck covering costs out of pocket.
Example: You start a project in January and pay $50K for materials and labour. But your next progress payment isn’t due until March. That’s two months where your cash is tied up—while your bills keep rolling in.
2. Slow-Paying Clients & Retention Money
Clients, especially developers, take their time paying invoices. Some contracts even include retention money (5-10% of the contract value), which isn’t released until months after the project is finished.
Example: You complete a $300K job, but 10% ($30K) is held back for six months. That’s $30K of your cash, locked away, while you’re trying to keep your business running.
3. BAS, Payroll, and Loan Repayments Don’t Wait
Even if you’re waiting for payments, you still owe money to the ATO, suppliers, employees, and lenders. A profitable business can still go broke if there’s no cash to meet these commitments on time.
4. Too Many Projects Can Create a Cash Crunch
Ironically, growing too fast can sink your cash flow. More projects mean more upfront expenses—before payments start coming in. If you’re not carefully managing cash flow, scaling up can actually push you into financial distress.
5. Cost Overruns & Delays
Unexpected delays (weather, material shortages, council approvals) stretch out project timelines, delaying progress payments while fixed costs (rent, insurance, wages) keep draining cash.