Lesson series
Workforce Development in Construction series 4 (3 Hours)
Course Description
Investment in a constructed facility represents a cost in the short term that returns benefits only over the long term use of the facility. Thus, costs occur earlier than the benefits, and owners of facilities must obtain the capital resources to finance the costs of construction. A project cannot proceed without adequate financing, and the cost of providing adequate financing can be quite large. Finance is also a concern to the other organizations involved in a project such as the general contractor and material suppliers.
At a more general level, project finance is only one aspect of the general problem of corporate finance. If numerous projects are considered and financed together, then the net cash flow requirements constitutes the corporate financing problem for capital investment. Whether project finance is performed at the project or at the corporate level does not alter the basic financing problem.
Learning Objectives
• institutional arrangements for facility financing.
• evaluation of alternative financing plans.
• secured loans with bonds, notes and mortgages.
pricing for constructed facilities.
• contract provisions for risk allocation.
• risks and incentives on construction quality.
• basic concepts in the development of construction plans.
• choice of technology and construction method.
• defining work tasks.
Investment in a constructed facility represents a cost in the short term that returns benefits only over the long term use of the facility. Thus, costs occur earlier than the benefits, and owners of facilities must obtain the capital resources to finance the costs of construction. A project cannot proceed without adequate financing, and the cost of providing adequate financing can be quite large. Finance is also a concern to the other organizations involved in a project such as the general contractor and material suppliers.
At a more general level, project finance is only one aspect of the general problem of corporate finance. If numerous projects are considered and financed together, then the net cash flow requirements constitutes the corporate financing problem for capital investment. Whether project finance is performed at the project or at the corporate level does not alter the basic financing problem.
Learning Objectives
• institutional arrangements for facility financing.
• evaluation of alternative financing plans.
• secured loans with bonds, notes and mortgages.
pricing for constructed facilities.
• contract provisions for risk allocation.
• risks and incentives on construction quality.
• basic concepts in the development of construction plans.
• choice of technology and construction method.
• defining work tasks.
Objectives and Outcome: Upon completion of the above in-depth course, successful participants will have a better understanding of the particular topic and gain the right mix of knowledge and skills in response to current technological advancements and the participants will be educated on how to work effectively for the best outcomes, the successful participants will also get a Housing Management Commission accredited certificate for completion of this specific construction related training program.
Program Duration
The duration of the program is 4 weeks.
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Learning Resources
Learning resources are mainly from textbooks, real-life case studies, internet information, as well as videos.
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Delivery Methods:
In-class instruction, On-site, Distance/Online, or Combined
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Marking Scheme
This program will have two parts; one part is a theory, and another part is practice.
Completion of distance class of theory will be counted as 50% towards the final grade, Completion of case study, term project, and presentation will be counted as 50% towards the final grade.
Grading scale for each class is as follows:
A 94-100%
A- 90-93%
B+ 86-89%
B 83-85%
B- 80-82%
C+ 75-79%
C 70-74%
D 60-69%
F 0-59%
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Requirements for Graduation
Courses with grades lower than “C” is not counted toward the completion of the corporate training program.
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Capacity (number of participants): 30
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Name of instructors: team of experts of Academy of Vancity Institute of Science and Art
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