TO SURVIVE OR CLOSURE IN THE RECESSIONARY CLIMATE

About the Book

The current recession has affected a considerable number of organizations and private individuals,leading to company closures and unemployment. On this note, it is quite obvious that we have to be much better in our respective professions and in the way we manage our organization to stand a good chance of surviving the current downturn. The construction sector appears to have taken a considerable blow in the current recession and is still faced with various cutbacks, which will inevitably lead to further job losses and company closures. In the light of this situation, most organizations are looking for avenues for cutbacks and improved profits, and to achieve this, better staffs are retained at the expense of less efficient staffs, while a considerable number of organizations and companies will face closures. Within the construction sector, the professional staffs from the contractors organization,clients project team,and other related outfits such as real estate development,buy to let development, and small builders all have to operate at near 100% efficiency to stand a good chance of surviving the downturn. This work based on over 25 years of experience in both the construction and professional outfit, have been carefully put together to provide an effective cost control and cost recovery measures which will immensely benefit those involved within the industry. The book has further tried to provide an answer to certain bad practices during the construction period, which tend to be costly and if applied in the current economic climate will inevitably lead to company closures and job losses. The book has further looked at issues such as budgets, cash flows and important checking mechanisms to ensure that most organizations understand how these issues are addressed, and in so doing provides the much needed answers for the banks and financial institutions in the course of their project, which creates an avenue for quicker decision making by financial institutions as regards the funding of the project.

About the Author

Considering the extent of the current recession, most organizations and individuals, now appreciate the need for better cost control. The construction industry has been particularly, paralyzed, due to the extent of the down turn. Money is now harder to come by and some old bad practices within organizations and individuals can be the difference between company closures and unemployment, and this practices can no longer be accepted. This means that tighter cost control measures is the only answer for survival in the current economic climate. He or She who acquires this great display of over 25 years of knowledge within the construction industry, will benefit immensely in all aspects of practical construction cost control measures in all levels of construction work, ranging from small to major building or civil engineering construction work, buy to let property development, major real estate development etc. Benefits will also extend to contract managers,site managers, supervisors,quantity surveyors,directors of construction companies,real estate companies, students pursuing degree and professional qualifications within the building and civil engineering industry, and other professionals working within the industry. Small to large scale contractors will particularly appreciate the added benefit of post contract cost recoveries which can be the difference between closure and survival in the current economic climate. Author Tim Ekwulugo Msc, Mrics (Chartered Quantity Surveyor) Published by Paramount Cost Solutions. (Chartered Construction Cost Experts)