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From the PublisherHighly recommended *****
Hi guys, thought I would share some thought provoking and agenda stimulating reading I have recently come across. The book is entitled “Financial Management in Constructing Contracting” by Andrew Ross & Peter Williams, but could easily have been called “The Constructor’s Almanac” or “Wisdens Construction Guide“. If you want the “inside line” on construction know how, this book covers it all.
From an understated promise to “explain how the financial position on construction contracts is reported” the book expands into every conceivable avenue the authors could explore in their quest to open up, explain, walk through and map, the processes that guide the industry and control the business operation of a construction company, from finance to bidding, managing risk to delivery, and every stop in between.
If you are a student, the early chapters on finance, accounting, contracts and procurement, will set out the basics of the industry in straightforward language, lots of good worked examples and clearly labelled diagrams. The later chapters address the subtleties of cash management, budget control, risk and opportunity management, progress monitoring, valuations and cost/value reconciliations, in far deeper detail and with contemporary work sheets to guide you through and explain the complexities of reporting cost and value in equal proportion.
The authors have extensive practical experience of the industry, both having risen from the shop floor to the lecture theatre, are suitably qualified to add insight to knowledge and have managed to capture in many ways the essence of the industry, its conflicts, collaborations, power plays and team working. And if you are of the social networking generation there is even a website on which to hone your new found skills. Fully interactive, it provides detailed worksheets and schedules to further explain the lessons contained in the printed version.