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Apr 18, 2024
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CNST 570 - Financial Planning for Construction Projects
Prerequisites: Graduate standing or permission of instructor
Delivery: Distance Delivery
Financial planning prior to the design of a major construction project is required to determine the feasibility of the project. The assembly of the resources of all the participants prior to commitment to a project assures the owners and the constructors that the project success is attainable. This course will review the similarities and differences in financial requirements for large national and international construction projects. Topics include: the financial framework for a construction project prior to the bid phase; the risk involved in funding a major construction project and developing funding alternatives to accommodate the risks identified; a collaborative approach to dealing with the owner of a construction project during the planning phase to alleviate funding issues; incentives for the constructor to provide the maximum feasible or the minimum feasible amount of funding for a construction project; sources of funding for a construction project (owner, vendor, sub-contractor, etc.); “what if” analyses that allow the Constructor to plan for contingencies during the construction process; and, assigning a quality value to any profit gained.
3 credits
Fall, Spring
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