Financial Management in Construction Contracting, 1/e
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Financial Management in Construction Contracting, 1/e

Author : Andrew Ross & Peter Williams
© Year : 2013
ISBN : 9781405125062
Pages : 456
Binding : Paperback
Weight : 0.90   kg

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  • About the Book
  • Salient Features
  • Table of Contents
  • About the Author

This authoritative text provides a detailed insight into how construction companies manage their finances at both corporate and project level. It will guide students and practitioners through the complexities of the financial reporting of construction projects within the constraints of accepted accounting practice. The book is written for non-accountants and from a contractor’s perspective and is equally relevant to subcontractors and main contractors.
The authors examine the relationship between the external annual accounts and the internal cost-value reconciliation process. CVR is covered in depth and the authors consider issues such as interim payments, subcontract accounts, contractual claims, final accounts, cash flow management and the reporting of the physical and financial progress of contracts.
A broad perspective of all the financial aspects of contracting is taken along with related legal issues and the authors explain how things operate in the ‘real world’. They describe good practice in financial control while at the same time being honest about some of the more questionable practices that can - and do - happen. The approach taken is unique as the financial management of construction projects is considered from the perspective of the contractor’s quantity surveyor. The book deals with the real issues that surveyors have to address when using their judgment to report turnover, profitability, cash flow, and work in progress on projects and the financial problems faced by subcontractors are frankly and pragmatically explored.

end-of-chapter exercises + outline answers
PowerPoint slides for each chapter
ideas for discussion topics
links to useful websites

1.Finance in the construction industry 1
2.Stakeholders and the regulatory environment 23
3.Risk and uncertainty 42
4.Contracts and documentation 70
5.Payments in construction 88
6.Managing the supply chain 105
7.Getting work 122
8.Corporate governance and management 136
9.Company structure 153
10.Service departments 165
11.Financial management 198
12.Project governance 222
13.Budgets 255
14.Resource procurement 284
15.Project risk and control 294
16.Programme and progress 329
17.Valuations and payments 352
18.Cost value reconciliation 391

Andrew Ross :- Andrew Ross is Head of Postgraduate Programmes in the School of the Built Environment, Liverpool John Moores University. He teaches construction project financial management to undergraduate and post graduate students and has successfully supervised many PhD students as well as acting as external examiner to numerous UK and overseas Universities for undergraduate, postgraduate and research degree courses.

Peter Williams :- Peter Williams is a Consultant and Lecturer with extensive practical experience in building, civil engineering and surveying. Formerly a chartered builder, chartered quantity surveyor and principal lecturer, he is now a writer, researcher, lecturer and consultant with particular interests in contracts and finance, delay analysis and health and safety management

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