OPTIMALISASI CASH FLOW TERHADAP PROFITABILITAS PELAKSANAAN PROYEK KONTRUKSI (Studi Kasus Proyek Pembangunan Gedung Kantor SMK Negeri 7 Denpasar)

Abstract

Construction projects require proper management of cash flow and the Implementation Budget Plan (RAP) to ensure smooth execution and profitability. This study aims to determine the RAP value and existing cash flow of the Office Building Construction Project of SMK Negeri 7 Denpasar, as well as to select the optimal cash flow policy alternative. The research method is a case study using primary data from material price surveys, equipment, labor wages, interviews, and secondary data from the contractor, including the Bill of Quantity (BoQ), project schedule, technical specifications, and working drawings.

The results show that the RAP value is IDR 8,439,099,848. The existing cash flow without additional working capital, using a payment system based on installments without advance payment and monthly credit payments for materials, resulted in a net profit of IDR 695,401,098 (7.37% margin). Among fifteen alternatives, the 15th policy proved to be the most optimal, requiring working capital of IDR 320,000,000 (5% of the contract value), with a 30% down payment through a monthly certificate payment system, one-month credit payments for materials, and without bank loans, thus increasing profit to IDR 988,939,008.50 (10.48% margin). This study recommends a cash flow strategy that utilizes advance payments, optimizes working capital, and applies material credit payments to enhance project efficiency and profitability.