Construction Contract Financial Management
Module Description
This module provides students with the required financial knowledge of construction related project financing.
Students will be guided to manage construction related project finance while applying modern management methods; project feasibility studies, discounted cash flow, life-cycle costing, project budgeting, earned value analysis.
The module will emphasize various methods of project financing as they apply to construction settings including Public Private Partnerships, Private Financing Initiatives and other financing models.
Entry Requirements
Candidates who apply for this course must possess one of the following:
- a Level 6 degree in a related field;
OR
- a Level 5 diploma or higher diploma and 5 years’ work experience in a managerial role.
Preference is given to applicants having a Level 6 degree in a discipline related to construction, and a minimum of 3 years’ work experience in management within the industry.
Target Audience
This course is targeted at professionals with supervisory and/or middle management experience in the construction industry who wish to have a more thorough background in the subject in order to further advance their careers , namely:
- Architects and Civil Engineers
- Mechanical and Electrical Building Services Engineers
- Project Managers and Coordinators
- Project Owners
The target group can be extended to groups working within the construction industry, such as logistics managers, maintenance managers and facilities managers.
Career Paths
This programme aims to prepare you for senior posts within the industry, such as that of construction manager, head of the construction department or construction director of any construction organisation both in the private and public sector.
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Assessment 1
- Assessment 2
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Additional Info
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Assess critically the financial environment within which construction projects must operate.
- Critically evaluate the financial results of construction projects and investigate sources of financial gains and losses.
- Critically evaluate alternative sources of finance and investment opportunities such as PPP and BOT etc.
- Critically assess the factors taken into consideration for investment decisions and opportunities.
- Critically analyse construction related projects financial performance and make appropriate recommendations.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
Students will be asked to critically analyse, challenge, evaluate, assess and synthesize the following content in context of construction industry settings:
- The theoretical and practical role of financial management in construction related projects.
- The finances of own projects both in terms of financial performance and capital requirements.
- The risk involved within the context of financial decision-making within construction projects scenarios.
- The financial decision-making process and critically evaluate its impact on future construction investments.
- The different financial evaluation and assessment methods.
- Construction capital projects budgeting techniques under risk and uncertainty.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Critically analyse and apply classical and modern methods of financial analysis and evaluation as they relate to construction industry.
- Critically evaluate and forecast financial resources to ensure future developments of construction organization(s)
- Critically analyse and plan investment projects in context of construction company’s investment policy.
- Critically analyse and apply techniques in managing construction project finances appropriately.
Module-Specific Digital Skills and Competences
The learner will be able to:
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc.