Financial Management in Construction

Upon completion of this training programme, you will be able to: 

• Recognise the fundamentals of project planning and execution.
• Discover where to find funding for the development of projects. 
• Examine the subcontractors' work and determine how to handle their progress claims.
• Discover how to apply Variation Orders (V.O.) to project cash flow and how to handle them.
• Ascertain how insurance documents will be used to protect the project's financial exposure. 

In order to maximise understanding, comprehension, and retention of the material delivered over the course of the five days, this training course will make use of a range of tried-and-true adult-learning strategies. 

To improve the training session, the facilitator uses group discussions, role plays, and active learning strategies. A few difficult case studies with real-world site circumstances will also be given to the delegates, and the facilitator will assist them in coming up with appropriate and practical answers. To fully appreciate this action, one must have a solid understanding of the conditions of the contract and a typical letter of award.

Staff will be able to recognise the value of effectively managing a project's finances thanks to the knowledge they have learned over the course of the five days. Here are the particulars as they are presented: 

• Recognise the importance of sponsoring a project.
• Find out how to get money from different sources so that the organisation can benefit more. 
• Use the appropriate money management techniques for the given tasks.
• Utilise appropriate risk management techniques to protect the project risk, as it is intimately linked to financial exposure. 

For those working in the sector and similar fields, the training programme will be eye-opening. All questions regarding funding and finances will be answered by the facilitators' use of case studies and examples from real life. Excellent knowledge and expertise will be brought back to the office by the delegates, which will improve their own work contributions.

This course on financial management is suitable for a range of individuals in the construction sector, and it is further upon below. 

Delegates working on construction projects will find this useful for site management and planning. A variety of technical topics of construction financial management will be covered, and the pitch will be at an intermediate level.

Though a wide range of professionals can benefit from this training, the following will be especially noted: 

• Workers in the construction industry, including project managers, quantity surveyors, engineers, and other pertinent team members from the following firms:
• Builders, Subcontractors, Suppliers, Developers, and Contractors.
• Professionals in Construction: Architects, Consultants, and Building Surveyors
• Attorneys, paralegals, and supervisors/upper management from:
• Law businesses, solicitors' offices, local councils, government bodies, and utility providers.
• Managers and Officers in Financial Institutions and Banks