Course overview
To provide students with essential knowledge and skills in relation to the commercial management of finance, working capital, cash flow, project costs, time-related prolongation costs, variations to contract scope, payment and final accounts on construction projects.
- Project Financial Management
- Payment on construction projects
Course learning outcomes
- Generate financial viability reports, cash flow forecasts, cost reports and model working capital requirements with respect to construction projects
- Evaluate prolongation costs arising from project delays, as well as the management of price fluctuations and cost escalation in construction projects.
- Prepare and calculate interim progress payment claims, payment certificates/schedules, and final accounts on construction projects according to contractual requirements. Demonstrate an understanding of how post-contract variations to the scope of works are directed and valued according to contractual requirements.
- Explain and demonstrate how the statutory payment and adjudication schemes in the building and construction industry security of payment legislation affect progress and final payments on construction projects
Degree list
The following degrees include this course