The businesses and individuals that provide goods and services to an organization are considered its vendors. A company could work with a few, dozens, or even hundreds of different vendors, all with different contract terms,
pay rates, and points of contact that must be managed through a vendor manager.
The building of any structure requires a number of labourers, artisans and professionals to complete the specific tasks in which they specialize. A general contractor estimates the total cost for building
a project and places a bid or estimate on the entire project. quality and budget.
The cash flow sets out when costs will be incurred and how much they
will amount to during the life of the construction project. Predicting the cash flow is very important in order to ensure that an
appropriate level of funding is in place and that suitable draw-down facilities are available.