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Course

HNC Construction Management for England (Site Supervision) PT

Unit Number and Title

Unit 11 Financial management & Business practices in Construction

Academic Year

Unit Tutor

Assignment Title

Financial Management & Business Practices

Issue Date

Submission Date

IV Name & Date

Submission Format

The submission is comprised of a Written design report.

Unit Learning Outcomes

LO1 Explain the legal status of different types of construction companies
LO2 Explore different sources of finance available to a construction company and strategies used to manage finance
LO3 Evaluate different forms of company organisation in the contemporary construction industry.
LO4 Illustrate the different strategies used by construction companies to manage resources.

Assignment Brief and Guidance

You have been appointed as a financial and Business manager for a new contracting firm which is going to start business soon. The company will provide a wide range of services for construction projects of all sizes. You have been asked to prepare a report in which you discuss different types of construction companies and the process of their formation. Discuss their legal status, including company law, responsibility of shareholders, Bankruptcy and insolvency. Compare different company types and advise a suitable type for your company. Also assess the different strategies available for the winding-up or dissolution of a company.

In you report explore different sources of capital available for borrowing by a company and discuss a range of techniques for assessing the cost of borrowing. Your company wants to bid for a five-storey hotel building, £30M, analyse the borrowing requirement for this project. Analyse the balance sheet of a typical construction company.
Discuss different strategic policies available for a construction company and explain different organisational structures for different sizes of construction company. Suggest a suitable organisational structure for your company and assess its suitability that may support collaborative working practices. Appraise a range of different leadership styles suitable for construction management.

Describe different types of labour, and strategies used for their management, by construction companies. Evaluate different strategies for incentivising labour productivity in construction companies.
Discuss the importance of cost control for projects and the different parties involved in managing costs. Discuss the factors to be considered when considering the purchase or hire of plant and equipment for your company.

Pass

Merit

Distinction

LO1 Explain the legal status of different types of construction companies

D1 Assess the different strategies available for the winding-up or dissolution of a company.

P1 Discuss the different types of companies and their legal status.
P2 Explain the process of company formation.

M1 Compare different company types and advise on a suitable type for a given context.

LO2 Explore different sources of finance available to a construction company and strategies used to manage finance

D2 Analyse the balance sheet of a typical construction company.

P3 Explore the different sources of capital available for borrowing by a company.
P4 Discuss a range of techniques for assessing the cost of borrowing.

M2 Analyse the borrowing requirements for a given project.

LO3 Evaluate different forms of company organisation in the contemporary construction industry

D3 Appraise a range of different management leadership styles suitable for construction management.

P5 Discuss the strategic policies of a construction company.
P6 Explain the different organisational structures in different sizes of construction company.

M3 Assess company organisational structures that may support collaborative working practices.

LO4 Illustrate the different strategies used by construction companies to manage resources

D4 Evaluate different strategies for incentivising labour productivity in construction companies.

P7 Describe the different types of labour, and strategies used for their management, by construction companies.
P8 Discuss the importance of cost control for projects and the different parties involved in managing costs.

M4 Discuss the factors to be considered when considering the purchase or hire of plant and equipment.