Finance For Construction Management, 4th Edition
by John Mench Ph.D.
Trade paperback: 220 pages
ISBN: 1-58152-472-1
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About this book

Construction Project Management can be accomplished by integrating the estimate, budget, and the schedule. Benchmarks can be created and variances determined and presented in a management report.

This book traces:

  1. the formation of a construction company

  2. the partners necessary to run a construction company

  3. bonding

  4. line of credit

  5. cash flow

  6. management reports

  7. construction equipment

About the author

John Mench Ph.D., PE

Lecturer Construction Dept.

Southern Polytechnic State University

Education:

US Navy electricity & electronics

BSEE Univ. S. Carolina

Certificate: HVAC

MBA Ohio Univ.

Ph.D. Business California Coast Univ.

Experience: Over twenty Five years in the food manufacturing and retain business as a facilities engineer.

Table of Contents
SECTION ONE - The Company
Chapter 1 The Formation of Now Construction Inc. 9
Chapter 2 Now Construction Inc. and a Business Plan 15
Chapter 3 The Crosslink between Construction Estimating and Construction Financial Data 25
Chapter 4 Partners in Construction Management 39
SECTION TWO - Construction Financials
Chapter 5 Construction Project Financials 49
a. (Project Revenue — Project Expense)  
Chapter 6 Percent of Completion 55
Chapter 7 Billing the Owner 59
a. Completion of a payment application  
Chapter 8 Soft Costs 65
a. Not all expenses are related to physical placement of construction elements  
SECTION THREE - Financial Statements
Chapter 9 Construction Financial Statements 71
a. Journal  
b. Income Statement  
c. Balance Sheet  
Chapter 10 General and Administrative Expenses 85
Chapter 11 The Cost of Money 89
SECTION FOUR - Management Reports
Chapter 12 Project Management Reports for the Contractor 95
a. Coding the Information  
b. Project Margin  
c. Project Cost Status  
d. Project Cost Efficiency  
e. Exception Reports  
Chapter 13 Project Management Reports for the Owner/Developer 107
a. Coding  
b. Project Margin  
     a. Feasibility
 
     b. Proforma
 
c. Project Status  
     a. Cost
 
     b. Schedule
 
d. Exception Reports  
Chapter 14 Construction Equipment 117
a. Yellow Fever  
b. Ownership Benefits  
c. Ownership Costs  
d. Operational Costs  
SECTION FIVE - Conclusion & New Beginning
Chapter 15 Filling in the Blanks 123
a. Cashflow  
b. Income Statement  
c. Balance Sheet  
Glossary of Terms 212
Index 217
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