The money owed to a contractor by the owner for work that has been completed and billed but not yet collected.
Accounts receivable (AR) in construction represents the amounts owed to a contractor by the owner for completed work that has been billed but not yet paid. Managing AR closely is critical to cash flow, as slow-paying owners can create cash shortfalls even on profitable projects. AR aging analysis identifies overdue invoices for collection efforts.
Get AI-powered bid alerts, automated form filling, and proposal drafting.
Start Free Trial