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Project Finance for Construction [Kietas viršelis]

(University of Bolton, UK), (University of Bolton, UK), (University of Salford, UK)
  • Formatas: Hardback, 400 pages, aukštis x plotis: 234x156 mm, weight: 680 g, 108 Tables, black and white; 62 Line drawings, black and white
  • Išleidimo metai: 22-Dec-2016
  • Leidėjas: Routledge
  • ISBN-10: 1138941298
  • ISBN-13: 9781138941298
Kitos knygos pagal šią temą:
Project Finance for ConstructionDidesnis paveikslėlis
  • Formatas: Hardback, 400 pages, aukštis x plotis: 234x156 mm, weight: 680 g, 108 Tables, black and white; 62 Line drawings, black and white
  • Išleidimo metai: 22-Dec-2016
  • Leidėjas: Routledge
  • ISBN-10: 1138941298
  • ISBN-13: 9781138941298
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781138941298.html
Raktažodžiai:

The world of construction is intrinsically linked with that of finance, from the procurement and tendering stage of projects right through to valuation of buildings. In addition to this, things like administrations, liquidations, mergers, take-overs, buy-outs, floatations, share price movements, and pension fund deficits affect construction firms as they do all other companies.

This book is a rare explanation of common construction management activities from a financial point of view. While the practical side of the industry is illustrated here with case studies, the authors also take the time to build up an understanding of balance sheets and P&L accounts before explaining how common tasks like estimating or valuation work from this perspective.

Readers of this book will not only learn how to carry out the tasks of a construction cost manager, quantity surveyor, or estimator, they will also understand the financial logic behind them, and the motivations that drive senior management. this is an essential book for students of quantity surveying or construction management, and all ambitious practitioners.  

 

List of figures
ix
List of tables
xi
Preface xiv
1 Pre-contract financial management
1(59)
1.1 Project appraisal and developing the business case
1(2)
1.2 Introduction
3(1)
1.3 Order of cost estimate
4(8)
1.4 Cost planning
12(24)
1.5 Preparing and pricing bid documents
36(12)
1.6
Chapter summary
48(1)
1.7 Model answers to discussion points
48(10)
1.8 Model answers to exercises
52
References
58(2)
2 Procurement systems
60(40)
2.1 Introduction
60(2)
2.2 Risks
62(1)
2.3 Employer objectives
63(2)
2.4 Four pragmatic high risks in procurement systems
65(2)
2.5 Costs that arise if projects are completed late; who pays?
67(2)
2.6 Other risks
69(3)
2.7 Integrated or separated teams
72(3)
2.8 Methods of agreeing prices; inviting bids and e-tendering
75(2)
2.9 Procurement categorisation
77(2)
2.10 Lump sum methods of procurement
79(9)
2.11 Management contracts
88(4)
2.12 Partnering and frameworks
92(1)
2.13 Prime contracting and the private finance initiative (PFI or PF2)
93(3)
2.14
Chapter summary
96(1)
2.15 Model answers to discussion points
97(3)
References
98(2)
3 Elements of a contractor's bid
100(67)
3.1 The decision to bid
100(4)
3.2 Performance bonds
104(3)
3.3 Project insurance
107(9)
3.4 Collateral warranties in construction
116(3)
3.5 Pricing other risks
119(5)
3.6 Contingency sums
124(2)
3.7 Provisional sums
126(1)
3.8 Prime cost or PC sums; nominated subcontractors and suppliers
127(2)
3.9 Daywork in tender bids
129(3)
3.10 Fixed/firm price or fluctuation
132(5)
3.11 Subcontractors
137(6)
3.12 Preliminaries and the tender programme
143(3)
3.13 Plant; hire, buy or subcontract
146(1)
3.14 Discounts
147(3)
3.15 Company head office overheads
150(4)
3.16 Company profits
154(2)
3.17 Model answers to discussion points
156(6)
3.18 Model answers to exercises
162(3)
3.19 Model answers to tasks
165(2)
References
165(2)
4 Design and consultancy teams managing finance and risk for employers
167(54)
4.1 Introduction
167(1)
4.2 Cost prediction accuracy
167(2)
4.3 Value management and value engineering
169(14)
4.4 Risk management
183(22)
4.5 Establishing project cashflow -- the perspective of employers
205(5)
4.6 Managing consultancy income and contracts with employers
210(3)
4.7
Chapter summary
213(1)
4.8 Model answers to discussion points
213(4)
4.9 Model answers to exercises
217(4)
References
219(2)
5 Valuations and interim payments
221(26)
5.1 Introduction to interim payments
221(6)
5.2 Elements of the valuation (employer to main contractor)
227(8)
5.3 Retention
235(3)
5.4 Example interim payment valuation
238(3)
5.5 Model answers to discussion points
241(1)
5.6 Model answers to exercises
242(5)
References
246(1)
6 Post-contract
247(51)
6.1 Contractors' cashflow introduction
247(2)
6.2 Assuring payments on time
249(1)
6.3 Predicting the cashflow of projects
250(7)
6.4 Multiple project cashflows
257(2)
6.5 Cashflow in private housebuilding
259(2)
6.6 Using cashflow projections to forecast turnover
261(4)
6.7 Employment of labour; direct, indirect (self-employed) and subcontracting
265(3)
6.8 Incentive schemes or fixed pay?
268(2)
6.9 Cost control
270(6)
6.10 Dayworks
276(9)
6.11 Combining the effect of cashflow and profits/losses
285(5)
6.12 Model answers to discussion points
290(5)
6.13 Model answer to exercise
295(1)
6.14 Model answers to tasks 295 References
296(2)
7 Financial management post practical completion
298(39)
7.1 Introduction
298(1)
7.2 Final accounts
298(8)
7.3 Budgets for life cycle and maintenance
306(22)
7.4
Chapter summary
328(2)
7.5 Model answers to discussion points
330(3)
7.6 Model answers to exercises
333(4)
References
335(2)
8 Capital investment appraisal
337(14)
8.1 Introduction
337(3)
8.2 Non-discounting methods for simple projects
340(1)
8.3 Discounting methods of appraising capital investment projects
340(1)
8.4 The time value of money
341(5)
8.5 Conclusions
346(1)
8.6 Present value table
347(1)
8.7 Model answers to activities
348(3)
9 Capital investment appraisal -- further considerations
351(8)
9.1 Introduction
351(1)
9.2 Relevant costs and revenues
352(1)
9.3 Projects with unequal lives
353(1)
9.4 Inflation
354(1)
9.5 Taxation
355(1)
9.6 Conclusions
355(1)
9.7 Model answers to questions
356(3)
10 Corporate accounts
359(14)
10.1 Interpretation of accounts
359(11)
10.2 Income statement (pro forma)
370(1)
10.3 The statement of financial position (balance sheet)
371(1)
10.4 Equity and liabilities
371(2)
11 Raising capital and managing liquidity
373(17)
11.1 Capital for small- and medium-sized enterprises
373(2)
11.2 Equity finance
375(1)
11.3 Raising capital for larger organisations (PLCs)
376(7)
11.4 Working capital -- liquidity management
383(4)
11.5 Acquisitions and mergers
387(3)
Index 390
Anthony Higham is a Senior Lecturer and Chartered Quantity Surveyor at the University of Salford, UK. He has delivered both undergraduate and postgraduate modules in quantity surveying and commercial management for the last 10 years.



Carl Bridge is a Chartered Management Accountant at the University of Bolton, UK, and Head of Accounting within the universitys Business School. He joined the university in 1989 as a Senior Management Accountant within the central finance office and moved into an academic management role in 2008.



Peter Farrell is a Reader in Construction Management at the University of Bolton, UK, and Programme Leader for the universitys MSc degree in construction project management. He has delivered undergraduate and postgraduate modules in construction management, commercial management and quantity surveying for 20 years.