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Financial management in construction

Technical Information Sheet 108

Financial management in construction

Document Status

Current

Supplement

Construction Management Supplement

Series

Technical Information Sheet

Abstract

Discusses financial management in the construction industry. Covers: using the information from site; management checks and identification of anomalies; adequacy and changes in provision; budgeting and monitoring performance; cash received and receivable; disputes and claims; using financial reports; monitoring results against company targets and objectives; distinction between profit on work in progress and profits taken in financial accounts; frequency and depth of investigations into financial performance; and cash control on a company basis.

Author

Bell, G. D.

Subjects

Publisher History

With members drawn from a wide range of professional disciplines working within building and construction supply chains, the CIOB is a body of knowledge concerning the management of the total building process. Publications include technical information sheets, guides, construction papers and Construction Information Quarterly.


Information

NBS

NBS has produced specification systems and information products for construction industry professionals for more than 40 years. The National Building Specification is the recognised UK national standard and is used by over 5,000 organisations. NBS is part of RIBA Enterprises Ltd.

IHS Markit

IHS Markit is a leading global source of critical information and insight for customers in a broad range of industries. Our customer product and service solutions span four major areas of information: energy, product lifecycle management, environmental and security. By focusing on our customers first, we deliver data and expertise that enable innovative and successful decision-making. Customers range from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS has been in business since 1959 and employs more than 3,500 people in 35 locations around the world.

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