,Cost Accounting and Financial Man
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projectmengineers.mManymtextbooksmonmthemmarketmfocusmonmthemtheoreticalmprinciplesmofmacco
untingmandmfinancemrequiredmformheadmofficemstaffmlikemthemchiefmfinancialmofficerm(CFO)mofmamc
onstructionmfirm.mThismbook’smuniquempracticalmapproachmfocusesmonmthemactivitiesmofmthemcons
tructionmmanagementmteam,mincludingmthemprojectmmanager,msuperintendent,mprojectmengineer,
mandmjobsitemcostmengineers mandmcostmaccountants.mInmshort,mthismbookmprovidesmamseamlessmco
nnectionmbetweenmcostmaccount-
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mperspective.
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mout.mItmcoversmkeymtopicsmlikemfinancialmstatements,mratios,mcostmcontrol,mearnedmvalue,mequip
mentmdepreciation,mcashmflow,mandmpaymrequests.mButmunlikemothermtexts,mthismbookmalsomcover
smadditionalmfinancialmresponsibilitiesmsuchmasmcostmestimates,mchangemorders,mandmprojectmclos
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an-magement,mactivity-
basedmaccounting,mleanmconstructionmtechniques,mtaxes,mandmthemdeveloper’smpromforma.mEachmc
haptermcontainsmreviewmquestionsmandmappliedmexercisesmandmthembookmismsupplementedmwithma
nmeResourcemwithminstructormmanual,mestimatesmandmschedules,mfurthermcasesmandmfiguresmfromm
thembook.
Thism textbookm ism idealm form usem inm allm costm accountingm andm financialm managementm class
esm onmbothmundergraduatemandmgraduatemlevelmconstructionmmanagementmormconstructionmeng
ineeringmprograms.
LenmHolmmismamseniormlecturerminmconstructionmmanagementmatmthemUniversitymofmWashington
,mUSA,mandmamconstructionmprofessionalmwithmoverm40myears’mexperienceminmvariousmroles,minclu
dingmsupervi-
msionmofmprojectmmanagers,mestimators,mandmjobsitemcost maccountants.mHemrunsmhismownmconstr
uctionmmanagementmfirm,mhasmdevelopedmandmtaughtmseveralmnewmcoursesmformconstructionmm
anagementmstudentsmatmthemUniversitymofmWashington,mandmismthemauthormofmnumerousmtextbo
,oks,mincludingmManagementmofmConstructionmProjects,msecondmedition,mwithmJohnmSchaufelberger
,mandmIntroductionmtom Constructionm Projectm Engineering,m withm Giovannim Migliaccio,m alsom publ
ishedm bym Routledge.
, ThemfollowingmdocumentsmaremavailablemonmthemeResourcemformthismbook:mwww.routledge.com/
m Cost-Accounting-and-Financial-Management-for-Construction-Project-
Managers/Holm/p/book/m9781138550650
Thismfirstmlistmismmademavailablemtomstudentsmandminstructors:
U Expandedmandmalternatemversionsmofmsomemfiguresmutilizedmwithinmthembook:
◦ Figurem4.3Alt: Concretem QTOm form concretem COP
◦ Figurem4.4Alt: ConcretempricingmrecapitulationmsheetmformCOP
◦ Figurem4.4L: Detailedm constructionm estimate
◦ Figurem4.5Alt: Summarymestimate
◦ Figurem5.1L: Detailedm constructionm schedule
◦ Figurem5.2L: Detailedmjobsitemgeneralmconditionsmestimate
◦ Figurem6.1L: Detailedm homem officem generalm conditionsm estimate
◦ Tablem10.1Alt: Overheadmspreadm bym specialty
◦ Tablem13.1L: Monthlym costm loadedm schedule
◦ Tablem14.3BL: Blankm livem SOVm continuationm spreadsheetm template
◦ Figurem 15.1Alt:m m Concretem changem orderm proposal
◦ Figurem 19.2Live:m Livem Excelm prom forma
U Othermdocumentsmreferredmtomwithinmthem book:
◦ Casem studym organizationm chart,m referencem Chapterm 1m andm others
◦ AIAm A102m contractm instructions
◦ Samplem AIAm A102m contract,m referencem Chapterm 3m andm others
◦ Jobsitem layoutm plan,m referencem Chapterm 11
◦ Expandedm tablem ofm contents
◦ Livem Excelm estimatingm formsm utilizedm inm Chapterm 4m ofm thism textm andm inm Constructio
nm CostmEstimating,mProcessmandmPractices,mPearson,m2005.
Them followingm arem alsom madem availablem tom instructors:
Um Instructor’smManual,mcompletemwithmanswersmtomallmofmthemreviewmquestionsmandmmanymofmth
emexercises.mAmselectmgroupmofmcasemstudiesmfrommWhomDonemIt?m101mCasemStudiesminmConst
ructionmManagementm(Amazon/CreatemSpace,m2017),mwhichmwillmbempublishedminmamnewmfor
matmundermthemtitlem 101m Casem Studiesm inm Constructionm Managementm bym Routledgem inm 201
9,m arem alsom included.
Um Inmadditionmtommanymexercisemsolutionsmincludedminmtheminstructor’smmanual,mseveralmsepara
temspreadsheetmfilesmaremalsomprovided,mincluding:mExercisesm1.2/3.6,m1.7/3.2,m2.9/10,m10.5,
m12.7,m12.9,m 13.8/9,m 14.2,m 15.4,m 16.3,m 18.2/3,m 19.4,m andm others
Um PowerPointmlecturemslidesmformallm19mchapters,m19mseparatemfiles,malmostm680mslidesminmtotal.
m m m m
agement for Construction Project
m m m m
Managers
Propermcostmaccountingmandmfinancialmmanagementmaremessentialmelementsmofmanymsuccessfulmc
on-
mstructionmjob,mandmthereforemmakemupmessentialmskillsmformconstructionmprojectmmanagersmandm
projectmengineers.mManymtextbooksmonmthemmarketmfocusmonmthemtheoreticalmprinciplesmofmacco
untingmandmfinancemrequiredmformheadmofficemstaffmlikemthemchiefmfinancialmofficerm(CFO)mofmamc
onstructionmfirm.mThismbook’smuniquempracticalmapproachmfocusesmonmthemactivitiesmofmthemcons
tructionmmanagementmteam,mincludingmthemprojectmmanager,msuperintendent,mprojectmengineer,
mandmjobsitemcostmengineers mandmcostmaccountants.mInmshort,mthismbookmprovidesmamseamlessmco
nnectionmbetweenmcostmaccount-
mingmandmconstructionmprojectmmanagementmfrommthemconstructionmmanagementmpractitioner’s
mperspective.
Followingmamcompletemaccountingmcycle,mfrommthemoriginalmestimatemthroughmcostmcontrolsmt
omfinancialmclose-
out,mthembookmmakesmusemofmonemcommercialmconstructionmprojectmcasemstudymthrough-
mout.mItmcoversmkeymtopicsmlikemfinancialmstatements,mratios,mcostmcontrol,mearnedmvalue,mequip
mentmdepreciation,mcashmflow,mandmpaymrequests.mButmunlikemothermtexts,mthismbookmalsomcover
smadditionalmfinancialmresponsibilitiesmsuchmasmcostmestimates,mchangemorders,mandmprojectmclos
e-out.
Alsomincludedmaremmoremadvancedmaccountingmandmfinancialmtopicsmsuchmasmsupplymchainmm
an-magement,mactivity-
basedmaccounting,mleanmconstructionmtechniques,mtaxes,mandmthemdeveloper’smpromforma.mEachmc
haptermcontainsmreviewmquestionsmandmappliedmexercisesmandmthembookmismsupplementedmwithma
nmeResourcemwithminstructormmanual,mestimatesmandmschedules,mfurthermcasesmandmfiguresmfromm
thembook.
Thism textbookm ism idealm form usem inm allm costm accountingm andm financialm managementm class
esm onmbothmundergraduatemandmgraduatemlevelmconstructionmmanagementmormconstructionmeng
ineeringmprograms.
LenmHolmmismamseniormlecturerminmconstructionmmanagementmatmthemUniversitymofmWashington
,mUSA,mandmamconstructionmprofessionalmwithmoverm40myears’mexperienceminmvariousmroles,minclu
dingmsupervi-
msionmofmprojectmmanagers,mestimators,mandmjobsitemcost maccountants.mHemrunsmhismownmconstr
uctionmmanagementmfirm,mhasmdevelopedmandmtaughtmseveralmnewmcoursesmformconstructionmm
anagementmstudentsmatmthemUniversitymofmWashington,mandmismthemauthormofmnumerousmtextbo
,oks,mincludingmManagementmofmConstructionmProjects,msecondmedition,mwithmJohnmSchaufelberger
,mandmIntroductionmtom Constructionm Projectm Engineering,m withm Giovannim Migliaccio,m alsom publ
ishedm bym Routledge.
, ThemfollowingmdocumentsmaremavailablemonmthemeResourcemformthismbook:mwww.routledge.com/
m Cost-Accounting-and-Financial-Management-for-Construction-Project-
Managers/Holm/p/book/m9781138550650
Thismfirstmlistmismmademavailablemtomstudentsmandminstructors:
U Expandedmandmalternatemversionsmofmsomemfiguresmutilizedmwithinmthembook:
◦ Figurem4.3Alt: Concretem QTOm form concretem COP
◦ Figurem4.4Alt: ConcretempricingmrecapitulationmsheetmformCOP
◦ Figurem4.4L: Detailedm constructionm estimate
◦ Figurem4.5Alt: Summarymestimate
◦ Figurem5.1L: Detailedm constructionm schedule
◦ Figurem5.2L: Detailedmjobsitemgeneralmconditionsmestimate
◦ Figurem6.1L: Detailedm homem officem generalm conditionsm estimate
◦ Tablem10.1Alt: Overheadmspreadm bym specialty
◦ Tablem13.1L: Monthlym costm loadedm schedule
◦ Tablem14.3BL: Blankm livem SOVm continuationm spreadsheetm template
◦ Figurem 15.1Alt:m m Concretem changem orderm proposal
◦ Figurem 19.2Live:m Livem Excelm prom forma
U Othermdocumentsmreferredmtomwithinmthem book:
◦ Casem studym organizationm chart,m referencem Chapterm 1m andm others
◦ AIAm A102m contractm instructions
◦ Samplem AIAm A102m contract,m referencem Chapterm 3m andm others
◦ Jobsitem layoutm plan,m referencem Chapterm 11
◦ Expandedm tablem ofm contents
◦ Livem Excelm estimatingm formsm utilizedm inm Chapterm 4m ofm thism textm andm inm Constructio
nm CostmEstimating,mProcessmandmPractices,mPearson,m2005.
Them followingm arem alsom madem availablem tom instructors:
Um Instructor’smManual,mcompletemwithmanswersmtomallmofmthemreviewmquestionsmandmmanymofmth
emexercises.mAmselectmgroupmofmcasemstudiesmfrommWhomDonemIt?m101mCasemStudiesminmConst
ructionmManagementm(Amazon/CreatemSpace,m2017),mwhichmwillmbempublishedminmamnewmfor
matmundermthemtitlem 101m Casem Studiesm inm Constructionm Managementm bym Routledgem inm 201
9,m arem alsom included.
Um Inmadditionmtommanymexercisemsolutionsmincludedminmtheminstructor’smmanual,mseveralmsepara
temspreadsheetmfilesmaremalsomprovided,mincluding:mExercisesm1.2/3.6,m1.7/3.2,m2.9/10,m10.5,
m12.7,m12.9,m 13.8/9,m 14.2,m 15.4,m 16.3,m 18.2/3,m 19.4,m andm others
Um PowerPointmlecturemslidesmformallm19mchapters,m19mseparatemfiles,malmostm680mslidesminmtotal.
