EXECUTIVE EDUCATION

Construction Finance Management

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Course Dates

STARTS ON

June 30, 2021

Course Duration

DURATION

3 months, online
4 – 6 hours per week

Course Duration

Why Study Construction Finance Management?

From residential and nonresidential properties to infrastructure, the global construction industry is booming, with continued fast-paced growth expected. Thriving in this expanding ecosystem will require professionals who speak the financial language of construction management fluently, from development projects and investments to predicting and mitigating risks. Whether you’re managing a large development or smaller scale remodel, this course will help you learn to control costs, monitor project cash flow, and mitigate risk to ensure you are able to stay within your project budget and meet delivery timelines.

$10.5 trillion

The global construction industry is expected to reach an estimated $10.5 trillion by 2023.

SOURCE: Research and Markets

13,000

New construction needed to keep pace with the population growth rate between now and 2050 is 13,000 buildings per day.

SOURCE: RedShift

5.2%

Bouncing back after COVID-19, the construction industry is expected to grow 5.2% in 2021, a rate that’s 2.5% higher than in 2019.

SOURCE: GlobalData

Who Is This Course For?

The Construction Finance Management course is designed to provide industry professionals with the two most essential skills in construction and development: finishing a project on time and on budget. Participants will learn how to control costs and monitor project cash flow and will get hands-on experience working on a breakeven analysis of construction tasks. The course is ideal for:

  • Finance professionals in construction/real estate/civil engineering looking to learn about the different aspects of financing and estimation specific to construction or infrastructure projects and grow their understanding of real estate finance for development projects and investments
  • Construction project managers seeking to understand the different aspects of financing a project and are interested in learning to predict and mitigate financial risks to ensure projects are completed on time and on budget
  • Construction engineers/managers looking to progress in their career by developing a better understanding of construction finance management and learning the fundamentals of budgeting and cost estimation for construction projects
  • Founders/senior executives of construction and real estate firms who want to understand finance and cost estimation for small- and large-scale projects, how to calculate the profitability of projects before they begin, and the profitability and risks involved in their current as well as future undertakings
  • Investors in construction/real-estate/private equity looking to gain a deeper understanding of financing in this sector, identifying the financial viability of the project, and making calculated investments that yield profits

Course Highlights

Decorative image 200+ Video Lectures

200+ Video Lectures

Decorative image 10 Discussions

10 Discussions

Decorative image 13 Assignments

14 Assignments

Decorative image 3 Live Webinars

3 Live Webinars

Decorative image 5 Real-World Examples

5 Real-World Examples

Learning Outcomes

  • Understand how to estimate and control costs during various stages of a construction project
  • Learn how to calculate the quantity takeoff, labor, and equipment costs for construction projects
  • Discover how to track project costs using the Earned Value Method (EVM)
  • Calculate cash flows to determine revenue generation
  • Analyze technology workflows and describe their efficiencies
  • Determine the profitability and feasibility for of various development projects
  • Master financial planning for financing development projects
  • Use decision tree analysis to evaluate the viability of projects
  • Identify and mitigate risks involved in a construction project
  • Apply lean methodology to construction cost estimation and control

Syllabus

This 12-week course provides a deeper understanding of real estate finance for development projects and investments, including budgeting, cost estimating, and predicting and mitigating risks.

Module 1:

Construction Cost Estimating, Cost Control, and Quantity Takeoff

Learn about the stages in construction design, measurements, cut and fill, concrete curing and takeoff, and quantifying the rebar with regard to cost estimation.

Module 2:

Quantity Takeoff and Measurement

Learn how to calculate steel and formwork costs and delve into how to price the material, labor, and equipment costs of a construction project.

Module 3:

Building the Estimate, Procurement, Post Control and Cost Estimation

Master the mechanics behind creating a construction estimate and understanding the final stages of the construction phase, including procurement, postcontract, punch lists, and turnover.

Module 4:

Earned Value Method and CloseOut Period

Explore the various cost control methods, learn the concept of and calculations behind the Earned Value Method (EVM) and master project punch lists and project closeouts.

Module 5:

Project Cash Flow

Understand how to manage cash flow using two different accounting methods and how payment cycles and retainage impact cash flow in a construction project.

Module 6:

Program Cost Estimating and Technology Trends

Learn how to control costs for large programs and explore how technology impacts cost estimation and management in construction projects.

Module 7:

The Mathematics of Money

Discover how to calculate the different types of interest rates and create cash flow diagrams while understanding the concepts behind calculating uniform series, Net Present Value (NPV), and the Internal Rate of Return (IRR).

Module 8:

Real Estate Finance for Development Projects

Gain an introduction to the feasibility study and how it can be used to evaluate development projects while learning three ways to compare the sales price, gain, and return on a real estate investment.

Module 9:

Financial Plans for Development Projects

Understand different construction loans, the development cost worksheet, and how Net Present Value (NPV) is applicable for the lender or sponsor of a development project.

Module 10:

Financial Plans: Decision Tree Analysis for Real Estate Projects

Learn about decision tree analysis, how to make decisions based on the results, and how to calculate terminal branch probabilities to leverage them in your decision-making process.

Module 11:

Project Finance and Risk in Project Finance

Learn about the various stakeholders in construction project finance, what financial risks they are exposed to, and how borrowing or partnerships play a role in that risk.

Module 12:

Lean in Cost Control and Construction Finance

Learn the Lean Theory, how it can be applied to cost estimating and construction finance, and how lean methods can play a role in identifying as well as mitigating financial risk in any construction project.

Module 1:

Construction Cost Estimating, Cost Control, and Quantity Takeoff

Learn about the stages in construction design, measurements, cut and fill, concrete curing and takeoff, and quantifying the rebar with regard to cost estimation.

Module 7:

The Mathematics of Money

Discover how to calculate the different types of interest rates and create cash flow diagrams while understanding the concepts behind calculating uniform series, Net Present Value (NPV), and the Internal Rate of Return (IRR).

Module 2:

Quantity Takeoff and Measurement

Learn how to calculate steel and formwork costs and delve into how to price the material, labor, and equipment costs of a construction project.

Module 8:

Real Estate Finance for Development Projects

Gain an introduction to the feasibility study and how it can be used to evaluate development projects while learning three ways to compare the sales price, gain, and return on a real estate investment.

Module 3:

Building the Estimate, Procurement, Post Control and Cost Estimation

Master the mechanics behind creating a construction estimate and understanding the final stages of the construction phase, including procurement, postcontract, punch lists, and turnover.

Module 9:

Financial Plans for Development Projects

Understand different construction loans, the development cost worksheet, and how Net Present Value (NPV) is applicable for the lender or sponsor of a development project.

Module 4:

Earned Value Method and CloseOut Period

Explore the various cost control methods, learn the concept of and calculations behind the Earned Value Method (EVM) and master project punch lists and project closeouts.

Module 10:

Financial Plans: Decision Tree Analysis for Real Estate Projects

Learn about decision tree analysis, how to make decisions based on the results, and how to calculate terminal branch probabilities to leverage them in your decision-making process.

Module 5:

Project Cash Flow

Understand how to manage cash flow using two different accounting methods and how payment cycles and retainage impact cash flow in a construction project.

Module 11:

Project Finance and Risk in Project Finance

Learn about the various stakeholders in construction project finance, what financial risks they are exposed to, and how borrowing or partnerships play a role in that risk.

Module 6:

Program Cost Estimating and Technology Trends

Learn how to control costs for large programs and explore how technology impacts cost estimation and management in construction projects.

Module 12:

Lean in Cost Control and Construction Finance

Learn the Lean Theory, how it can be applied to cost estimating and construction finance, and how lean methods can play a role in identifying as well as mitigating financial risk in any construction project.

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Faculty

Faculty Member DR. IBRAHIM ODEH

DR. IBRAHIM ODEH

Senior Lecturer of Civil Engineering and Engineering Mechanics, Columbia Engineering; Founding Director, Global Leaders in Construction Management

Dr. Ibrahim Odeh is the founding director of the Global Leaders in Construction Management (GLCM) research initiative at Columbia University. Here he teaches courses in the area of construction engineering and management for the department of Civil Engineering and Engineering Mechanics... More info

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon successful completion of the course, participants will receive a verified digital certificate from Emeritus in collaboration with Columbia Engineering Executive Education.

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