Financial Management in Construction Contracting

<p>Highly recommended <p>Hi guys, thought I would share some thought provoking and agendastimulating reading I have recently come across. The book isentitled Financial Management in ConstructingContracting by Andrew Ross & Peter Williams, but couldeasily have been called The Constructor sAlmanac or Wisdens Construction Guide . If youwant the inside line on construction know how, thisbook covers it all. <p>From an understated promise to explain how the financialposition on construction contracts is reported the bookexpands into every conceivable avenue the authors could explore intheir quest to open up, explain, walk through and map, theprocesses that guide the industry and control the businessoperation of a construction company, from finance to bidding,managing risk to delivery, and every stop in between. <p>If you are a student, the early chapters on finance, accounting,contracts and procurement, will set out the basics of the industryin straightforward language, lots of good worked examples andclearly labelled diagrams. The later chapters address thesubtleties of cash management, budget control, risk and opportunitymanagement, progress monitoring, valuations and cost/valuereconciliations, in far deeper detail and with contemporary worksheets to guide you through and explain the complexities ofreporting cost and value in equal proportion. <p>The authors have extensive practical experience of the industry,both having risen from the shop floor to the lecture theatre, aresuitably qualified to add insight to knowledge and have managed tocapture in many ways the essence of the industry, its conflicts,collaborations, power plays and team working. And if you are of thesocial networking generation there is even a website on which tohone your new found skills. Fully interactive, it provides detailedworksheets and schedules to further explain the lessons containedin the printed version. David Monaghan <p>