Shinn provides detailed information on how an accounting system operates and the basic principles for processing financial data. This fifth edition includes the updated NAHB Chart of Accounts, and shows builders how to take control of their finances.

Step-by-step instructions for standardizing your financial reporting system and measuring your current performance against previous years, and the rest of the industry. Shows how to design an accounting system for your business, how to record and process financial data, how to prepare budgets, and how to analyze financial statements to make sure that your company is profitable.

For all courses in construction accounting and construction finance, and for courses in engineering economics taught in construction management programs. This book helps construction professionals and construction management students master the principles of financial management, and adapt and apply them to the challenge of profitably managing construction companies. It integrates content that has traditionally been taught through separate accounting, finance, and engineering economics texts. Students learn how to account for a construction company’s financial resources; how to manage its costs, profits, and cash flows; how to evaluate different sources of funding a company’s cash needs; and how to quantitatively analyze financial decisions. Readers gain hands-on experience through 220 example problems and over 390 practice problems, many of them based on situations actually encountered by the author. This edition adds more than 100 new discussion questions, and presents financial equations and accounting transactions more visually to support more intuitive learning.

This book includes self-test section at the end of each chapter. Test yourself, then check answers in the back of the book to see how you score. CD-ROM included.

The audience for this book in the United States alone is well over half a million: construction managers (389,000), architects (113,000), engineers (228,000), and urban planners (32,000)

Nearly 100 of the most useful business forms and contracts for builders are gathered from builders across the country: sales and marketing forms, contracts, agreements, trade contractor specifications, checklists, orientation and quality control documents, and more. Documents can be downloaded from the CD and customized.

This authoritative text provides a detailed insight into how construction companies manage their finances at both corporate and project level. It will guide students and practitioners through the complexities of the financial reporting of construction projects within the constraints of accepted accounting practice. The book is written for non-accountants and from a contractor’s perspective and is equally relevant to subcontractors and main contractors. The authors examine the relationship between the external annual accounts and the internal cost-value reconciliation process. CVR is covered in depth and the authors consider issues such as interim payments, subcontract accounts, contractual claims, final accounts, cash flow management and the reporting of the physical and financial progress of contracts. A broad perspective of all the financial aspects of contracting is taken along with related legal issues and the authors explain how things operate in the ‘real world’. They describe good practice in financial control while at the same time being honest about some of the more questionable practices that can - and do - happen. The approach taken is unique as the financial management of construction projects is considered from the perspective of the contractor’s quantity surveyor. The book deals with the real issues that surveyors have to address when using their judgment to report turnover, profitability, cash flow, and work in progress on projects and the financial problems faced by subcontractors are frankly and pragmatically explored. The payment and notice requirements of the Construction Act are explained in detail and relevant provisions of JCT2011, NEC3, ICC, DOM/1 and other standard contracts and subcontracts are also covered. Financial Management in Construction Contracting addresses the wide variety of external factors that influence how construction companies operate, including government policy, banking covenants and the financial aspects of supply chain management. Cost reporting systems are described and real-life examples are used to illustrate cost reports, accrual systems and how computerised systems can be employed to provide the QS with information that can be audited. Examples drawn from practice demonstrate how work-in-progress (WIP) is reported in contracting. Cost value reconciliation reports are featured and the book demonstrates how adjustments are made for overmeasure, undermeasure, subcontract liabilities and WIP as well as explaining the processes that contractors use when analysing external valuations. This is the ideal core text for final year degree and post-graduate level modules on Quantity Surveying, Commercial Management, Construction Management and Project Management courses and will provide an invaluable source of reference for quantity surveyors and others who may be engaged in the financial management of construction projects. The book’s companion website at www.wiley.com/go/rossfinancialmanagement offers invaluable resources for students and lecturers as well as for practising construction managers: end-of-chapter exercises + outline answers PowerPoint slides for each chapter ideas for discussion topics links to useful websites

*The fourth edition of Residential Construction Performance Guidelines should be used for all contracts written after August 16, 2010. Contracts written prior to August 16, 2010, can still reference the third edition. NAHB's Residential Construction Performance Guidelines were created to offer a third-party view of quality issues in residential construction (both new homes and remodeling). The Consumer Reference makes it easy to provide a copy of the guidelines to every customer. Sold in affordable packs of 10, the Consumer Reference is a great addition to your warranty claims process and: - Helps customers understand the basics of a properly constructed home, warranty, and maintenance items - Enables you to resolve customer concerns before they escalate into complaints or worse - Demonstrates that you are a professional who consistently meets or exceeds accepted industry guidelines Includes Residential Construction Performance Guidelines for: - Site Work and Foundation - Floors, Walls, and Roofs - Plumbing and Electrical, including Interior Climate Control - Interior and Floor Finishes - Fireplace and Wood Stove - Concrete Stoops and Steps - Garage, Driveways, and Sidewalks - Wood Decks - Landscaping A Glossary and Index are also included. To build customer satisfaction and boost your bottom line, you'll want to provide a copy of the Consumer Reference with every home you build A great tool for critical measure guidance when communicating to employees, independent contractors, suppliers, retailers and homeowners. -- Jim Trepinski, Fleetwood Homes, Waco, TX Codes and standards have no guidance on tolerances, fit and finish, and customer expectations vs. realistic construction results. The Residential Construction Performance Guidelines provides a basis to evaluate construction results and resolve disputes between contractors and owners. -- Charles Coones, Forensic Investigations and Technologies, Knoxville, Tennessee I give this book to all my home buyers prior to starting construction. This book is very valuable as a reference to proper construction practices for the homeowner and contractor. Without it you will end up doing more extensive repairs than necessary. -- Shane Chapman, Chapman Custom Homes L.C., Wichita, KS I have used the guide lines on several occasions. When clients deplete their funds there are always workmanship complaints. The guide has been a strong asset to settle the complaints. -- Joe Peperone, Peperone Construction L.L.C, Metairie, LA Save Big with Bulk Orders

NAHB Business Management & Information Technology Committee Profits are increasing! How does your business measure up? NAHB's economics and business management experts collected and analyzed 2017 financial statements from builders across the country. They reported average revenue of $16.4 million, slightly over 2014's average of $16.2 million but 20% higher than in 2012. The Cost of Doing Business Study, 2019 Edition provides statistics and analysis so you can see how you compare to other builders, whether you build two homes a year or 2,000. This one-of-a-kind resource discusses financial performance according to builder type and size, as well as industry-wide averages using these key indicators: ? Gross margins ? Net profits ? Cost of sales ? Operating expenses ? Financial ratios

This is a comprehensive book on infrastructure development and construction management. It is written keeping in mind the curricula of construction management programmes in India and abroad. It covers infrastructure development, the construction industry in India, financial analysis of the real estate industry in India, economic analysis of projects, tendering and bidding, contracts and contract management, FIDIC conditions of contract, construction disputes and claims, arbitration, conciliation and dispute resolution, international construction project exports and identifying, analysing and managing construction project risk. Thus, this book covers most of the construction management activities that are carried out at different stages of a construction project. This is an essential book for students of construction management, construction professionals, academicians and researchers.