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Days Sales Outstanding (DSO)

noun

A measure of the average number of days that a company takes to collect revenue after a sale has been made. In construction, DSO is typically calculated from the date that an invoice or pay application is sent.

According to a report from Price Waterhouse Coopers, in 2018 the average DSO in construction was 83 days.

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Construction attorneys: Courtney Stricklen, Christopher Ng, Andrea Goldman, and Peter Ryan