Project Finance In Construction

Author : Anthony Higham,Carl Bridge,Peter Farrell
Publisher : Taylor & Francis
Page : 400 pages
File Size : 54,8 Mb
Release : 2016-12-08
Category : Architecture
ISBN : 9781317377146

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Project Finance for Construction by Anthony Higham,Carl Bridge,Peter Farrell Pdf

The world of construction is intrinsically linked with that of finance, from the procurement and tendering stage of projects right through to valuation of buildings. In addition to this, things like administrations, liquidations, mergers, take-overs, buy-outs and floatations affect construction firms as they do all other companies. This book is a rare explanation of common construction management activities from a financial point of view. While the practical side of the industry is illustrated here with case studies, the authors also take the time to build up an understanding of balance sheets and P&L accounts before explaining how common tasks like estimating or valuation work from this perspective. Readers of this book will not only learn how to carry out the tasks of a construction cost manager, quantity surveyor or estimator, they will also understand the financial logic behind them, and the motivations that drive senior management. This is an essential book for students of quantity surveying or construction management, and all ambitious practitioners.

Author : Tony Merna,Yang Chu,Faisal F. Al-Thani
Publisher : John Wiley & Sons
Page : 192 pages
File Size : 48,6 Mb
Release : 2010-06-04
Category : Technology & Engineering
ISBN : 9781444323849

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Project Finance in Construction by Tony Merna,Yang Chu,Faisal F. Al-Thani Pdf

Project finance has spread worldwide and includes numerousindustrial projects from power stations and waste-disposal plantsto telecommunication facilities, bridges, tunnels, railwaynetworks, and now also the building of hospitals, educationfacilities, government accommodation and tourist facilities. Despite financial assessment of PF projects being fundamental tothe lender’s decision, there is little understanding of howthe use of finance is perceived by individual stakeholders; why andhow a financial assessment is performed; who should be involved;where and when it should be performed; what data should be used;and how financial assessments should be presented. Current uncertainty in financial markets makes many sponsors ofconstruction project financings carefully consider bank liquidity,the higher cost of finance, and general uncertainty for demand.This has resulted in the postponement of a number of projects incertain industry sectors. Governments have seen tax receiptsdrastically reduced which has affected their ability to financeinfrastructure projects, often irrespective of the perceiveddemand. Equity providers still seek to invest, however there areless opportunities due to market dislocation. Due to the demand forglobal infrastructure it is believed that project financings willreturn to their pre-crunch levels, or more so, howeverlenders’ liquidity costs will be passed on to the borrowers.Lenders will also be under stricter regulation both internally andexternally. The steps outlined in the guide are designed to provide a basicunderstanding for all those involved or interested in bothstructuring and assessing project financings. Secondary contractsinvolving constructors, operators, finance providers, suppliers andofftakers can be developed and assessed to determine theircommercial viability over a projects life cycle. Special Features a structured guide to assessing the commercial viabilityof construction projects explains economic metrics to use in the decision makingprocess detailed case study shows how stakeholders apply the concept ofproject finance

Author : Frederik Pretorius,Berry-Fong Chung-Hsu,Arthur McInnes,Paul Lejot,Douglas Arner
Publisher : John Wiley & Sons
Page : 372 pages
File Size : 55,9 Mb
Release : 2008-04-30
Category : Technology & Engineering
ISBN : 9780470697931

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Project Finance for Construction and Infrastructure by Frederik Pretorius,Berry-Fong Chung-Hsu,Arthur McInnes,Paul Lejot,Douglas Arner Pdf

This is a self-contained text on the logic and institutions of project finance, supplemented by a series of project finance case studies illustrating applications in different economic environments, across different jurisdictions and at different stages of development. It will introduce an analytical framework drawing on applied institutional economics that includes and concentrates primarily on an analysis of the institutional logic behind generic project finance arrangements. The application of the institutional framework will be demonstrated with project cases from Hong Kong, Thailand, India, Europe and Azerbaijan – each at different stages of development. While each project case will have a general theme and will highlight aspects of interest to built environment professionals, it will primarily be used to illustrate one or more specific PF/PFI principle.

Author : Rod Morrison
Publisher : Routledge
Page : 528 pages
File Size : 46,6 Mb
Release : 2016-03-03
Category : Business & Economics
ISBN : 9781317019121

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The Principles of Project Finance by Rod Morrison Pdf

The Principles of Project Finance reviews the technique of project finance. It explores, step-by-step, the key ingredients of the concept. The book is aimed at a business savvy audience, but one which is not necessarily up to speed on the concept, and has a global reach by covering both OECD countries and the emerging markets. Project finance is positioned at a key point between the global capital markets and the energy and infrastructure industries. To explain and illustrate the ideas behind project finance, the book is made of chapters written by a range of leading players in the market from around the world and is split into four sections: ¢ The first reviews various themes and issues key to the project finance market - views from bankers, lawyers and advisers plus chapters on bank, bond and multilateral finance and a look at environmental, insurance and construction market issues. ¢ The second section looks at how project finance is used in various sectors of the energy and infrastructure market - renewable energy, oil and gas, mining, PPPs and roads and transportation. ¢The third then takes an in-depth look at various projects finance markets from around the world - Australia, Vietnam, Indonesia, India, Turkey, Russia, Africa, France, USA and Brazil. ¢ Finally, the fourth section presents a series of Top 10 deal cases studies from the pages of Thomson Reuters Project Finance International (PFI), the leading source of global project finance information.

Author : E. R. Yescombe
Publisher : Academic Press
Page : 560 pages
File Size : 45,7 Mb
Release : 2013-11-13
Category : Business & Economics
ISBN : 9780124157552

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Principles of Project Finance by E. R. Yescombe Pdf

The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. Provides a basic introduction to project finance and its relationship with other financing techniques Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements

Author : Tony Merna,Cyrus Njiru
Publisher : Thomas Telford
Page : 306 pages
File Size : 47,6 Mb
Release : 2002
Category : Business & Economics
ISBN : 0727730401

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Financing Infrastructure Projects by Tony Merna,Cyrus Njiru Pdf

- Project finance as a tool for financing infrastructure projects - Public finance for infrastructure projects - Financial instruments - Financial engineering - Restructuring projects - Financial markets - The concession or build-own-operate-transfer (BOOT) procurement strategy - The private finance initiative - Challenges and opportunities for infrastructure development in developing countries - Financial institutions - Privatisation as a method of financing infrastructure projects - Typical risks in the procurement of infrastructure projects - Mechanism for risk management and its application to risks in private finance initiative projects - Insurance and bonding - Case study of a toll bridge project - Case study on managing project financial risks utilising financial engineering techniques

Author : Peter K. Nevitt,Frank J. Fabozzi
Publisher : Unknown
Page : 424 pages
File Size : 41,8 Mb
Release : 1995
Category : Administración financiera
ISBN : UCSD:31822026113498

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Project Financing by Peter K. Nevitt,Frank J. Fabozzi Pdf

Author : Chris Hendrickson,Tung Au
Publisher : Chris Hendrickson
Page : 425 pages
File Size : 48,5 Mb
Release : 1989
Category : Construction industry
ISBN : 9780137312665

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Project Management for Construction by Chris Hendrickson,Tung Au Pdf

Author : Stefano Gatti
Publisher : Academic Press
Page : 495 pages
File Size : 49,6 Mb
Release : 2012-08-22
Category : Business & Economics
ISBN : 9780123919465

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Project Finance in Theory and Practice by Stefano Gatti Pdf

Stefano Gatti describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory.

Author : Andrew Fight
Publisher : Elsevier
Page : 208 pages
File Size : 42,5 Mb
Release : 2005-08-26
Category : Business & Economics
ISBN : 9780080454689

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Introduction to Project Finance by Andrew Fight Pdf

The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries. Project Finance aims to provide: *Overview of project finance *Understanding of the key risks involved in project finance and techniques for mitigating risk *Techniques for effective evaluation of project finance from both a financial and credit perspective The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation. *Inspired by basic entry level training courses that have been developed by major international banks worldwide *Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance *Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography

Author : Graham D. Vinter
Publisher : Sweet & Maxwell
Page : 520 pages
File Size : 44,6 Mb
Release : 2006
Category : Business & Economics
ISBN : 0421909501

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Project Finance by Graham D. Vinter Pdf

Published in association with the Intellectual Property Institute, this title provides a focal point for discussion of policy issues in intellectual property law and their effects on industry. It provides emphasis on interdisciplinary issues of policy, drawing together legal, economic, industrial, technical, managerial and statistical viewpoints

Author : IntroBooks
Publisher : IntroBooks
Page : 40 pages
File Size : 55,5 Mb
Release : 2018-02-21
Category : Business & Economics
ISBN : 8210379456XXX

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Project Finance by IntroBooks Pdf

Long term financing of industrial and infrastructure project is often referred as project finance. The finances are not based on the balance sheets of their sponsors. Instead, it is based on the flaws of cash of that particular project. Various parties are involved in project finance. A number of equity investors are involved. They are known as sponsors too. A bank or other lending agencies also needs to get involved in order to lend financial support or simply loan for various operations. Often, these kinds of loans are non-recourse loan. Non-recourse loan cannot be paid with general assets or trustworthiness of the project sponsors. These loans are secured and paid with the cash flow of the project only. This method is supported by standard model of finance. Revenue producing contracts and all project assets are used to secure the finances. A lien over the assets is provided to project lenders. Lenders are given privileges are given to the lenders to take control over the project if the related company is facing difficulties or not complying with various terms of the loan.

Author : John E. Triantis
Publisher : John Wiley & Sons
Page : 404 pages
File Size : 50,5 Mb
Release : 2018-05-08
Category : Business & Economics
ISBN : 9781119486084

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Project Finance for Business Development by John E. Triantis Pdf

Raise the skill and competency level of project finance organizations Project Finance for Business Development helps readers understand how to develop a competitive advantage through project finance. Most importantly, it shows how different elements of project finance, such as opportunity screening and evaluation, project development, risk management, and due diligence come together to structure viable and financeable projects—which are crucial pieces missing from the current literature. Eliminating misconceptions about what is really important for successful project financings, this book shows you how to develop, structure, and implement projects successfully by creating competitive advantage. By shedding light on project finance failures, it also helps you avoid failures of your own. • Offers a roadmap for successful financing, participant roles and responsibilities, and assessing and testing project viability • Considers project finance from a broad business development and competitive advantage • Provides a strategic decision-forecasting perspective • Delves deeper than existing treatments of project finance into decisions needed to create and implement effective financing plans Helping readers develop, structure, and implement projects successfully by creating competitive advantage, this book is a useful tool for project sponsors and developers, helping them structure and implement projects by creating competitive advantage.

Author : Scott L. Hoffman
Publisher : Cambridge University Press
Page : 7 pages
File Size : 49,6 Mb
Release : 2007-10-22
Category : Law
ISBN : 9781139468855

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The Law and Business of International Project Finance by Scott L. Hoffman Pdf

This 2007 third edition continues to be a comprehensive and authoritative guide to the business, practice, law, and practical use of project finance. It covers the complete project finance structure, from conception to negotiation to debt closing, and from project difficulties to successful restructuring. The book continues to be accessible to those with little experience in project finance, while maintaining the insight and detail of previous editions that has made it a valuable reference for the experienced lawyer, manager, banker, contractor, and government official. This edition focuses on a real-world, practical approach to project finance, without the overuse of case studies and economic theory. Yet the contract forms, detailed glossary, index, and project finance bibliography make it a complete text.

Author : Nathan S. Collier,Courtland A. Collier,Don A. Halperin
Publisher : John Wiley & Sons
Page : 546 pages
File Size : 40,6 Mb
Release : 2007-10-12
Category : Business & Economics
ISBN : 9780470037317

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Construction Funding by Nathan S. Collier,Courtland A. Collier,Don A. Halperin Pdf

The Fourth Edition of the classic Construction Funding acquaints professionals and students alike with the critical tools needed for developing any successful real estate venture. Using a case example of an actual apartment development, Construction Funding walks the reader through each phase of the project, offering invaluable guidance on selecting markets, rating sites, choosing construction professionals, raising capital, understanding financing options, and mastering cash flow management.