financial skills that a construction professional must have to be successful in the management of a construction company and its projects. Its topics address many of the questions that any construction administrator will face, such as: How to organize and use a company's financial reports; What amount of cash must be made available to the contractor to complete a project; Why the early payment of supplier invoices can enhance profitability; How to quantify the time value of money in financial decisions; What tax amount is owed by a company and how it impacts the bottom line; How to control project costs; What financial sources are available to a construction contractor for capital expansion. In this text, you will learn about accounting fundamentals, project-related financial matters, and company level financial issues - three factors that are key to your career success. An ideal reference for students of construction management and engineering, as well as professionals who need a quick refresher when dealing with cost control analysis and other financial issues, this text also offers: Easy-to-understand coverage of financial concepts specific to the construction industry, including business taxation, project control, engineering economy, and financial forecasting; Numerous worked examples, plus end-of-chapter review questions and exercises; Helpful appendices that present the structure of a typical chart of accounts, the flow of transactions through a construction accounting system, and tables required for computing interest and the time value of money. |