Higher Professional Diploma in Construction (City & Guilds)
UNIT 14 FINANCE IN CONSTRUCTION
Unit Summary
This unit is about running a business in a manner which is financially sound and acceptable. If you are involved in a running a business, either by yourself or with partners, you will appreciate the importance of this to ensure business survival. The subject is considerable and this unit therefore only provides an overview. Specialist advice should be sought wherever this is required.
Aims
The unit aims to enable the candidate to:
- understand that the business is operated as efficiently as possible to increase profits
- understand that the firm receives an adequate return on its capital invested
- give careful consideration is given towards maintaining positive cash flows
These are examples of good financial practice.
Outcomes
On successful completion of the unit the candidate will be able to:
- prepare a business plan
- identify suitable sources of finance
- ensure that the firms activities are carried out profitability and that the return on the capital invested is appropriate
- monitor cash flow forecasting and its measurement
- understand the principle of book keeping, accounting and financial procedures
- prepare financial statements
Assessment
The outcomes of this unit will be assessed on the production of a case study of some 1500 words. The case study should examine a contractor’s financial position and use this in comparison with other information from published companies.
The report should be supported by data from the candidate’s organisation and should preferably relate to his/her own work.
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