Course overview
This course provides 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.
Course learning outcomes
- Generate financial viability reports, cash flow forecasts, cost reports and model working capital requirements with respect to construction projects
- Analyse clauses in construction contracts relating to time-related prolongation costs and variations to contract scope of works and describe how prolongation costs band variations are valued on construction projects
- Prepare and calculate interim progress payment claims, payment certificates/schedules, final accounts on construction projects 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