Create Financial Plans - Case of Unforeseen Circumstances - Finance Assignment Help

Assignment Task :

Assessment 1: Create financial plans. 
Metharom has been hired to build a single storey home in Northcote, Victoria for Mr. Kavi Albif.
Metharom has informed the client that the building works will take 35 weeks (approximately 8 months) and will begin on 03/03/16. Mr Albif has made his initial deposit of 10% of the sale price. (Refer to appendix A for additional information regarding the project)

To manage the finances for this build, you will need to forecast cash flow and prepare a plan for money management that includes the following information:
a) A financial plan for the build that shows when payments will be received from the client and the work that those payments will need to cover.
b) A contingency plan, in case of unforeseen circumstances
c) A process for monitoring spending on site, including the frequency of monitoring

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