Financing construction

Cash flows and cash farming
by Dr Russell Kenley

Cash is king, not least in the construction industry. Recent government-commissioned reports have highlighted the importance of better financial management in the construction industry.

This professional text-Financing construction provides a considered analysis of the tools and techniques of project financial management in construction; notably it covers cash flow modelling and provides the first detailed investigation of the contentious issue of cash farming.

Through use of case studies, worked examples and questions Financing construction will appeal to practitioners and students alike.

There are times in one’s life when certain comments or experiences shape one’s attitudes, views and beliefs. Financing construction arises from a few such significant comments and experiences, which together have formed in author’s mind particular beliefs about the financial structure of the construction industry.

This has been an immensely rewarding journey, in which the power of structured reasoned argument has generally prevailed over the prevailing rhetoric.

In one-to-one debates the logic has held true. In industry seminars the support has been emphatic, if sometimes surprising.

It remains to be seen what will be the effect of setting the argument out in this comprehensive form, where the clarity of logic can get lost amongst the academic jargon and apparently obscure modelling