An Interactive 5-Day Training Course
Construction Financial Management
Dealing with Financial Elements for a Development Project
Course Overview
This GLOMACS training course is presented to enable delegates to understand the key features of financial management of construction projects. It commences with the project planning stage, sourcing for funding, managing with the cash-flow and bring the project accounts to a conclusion. This are of finance is often overlooked by project and finance personnel while preparing for site mobilization and commencement of physical work on the ground.
Poor dealing of the financial aspects of the project may lead to serious project disruption and/ or abandonment or even penalty/ legal action by client.
The training course is led by an experienced contract administration facilitator who uses inter-active learning methods to enhance the learning process. The delegates will be taught the technical aspects of the financial management and shown how cash flow are handled. Focus will be given on financial planning and other related monetary issues for project handling.
This training course will highlight the following key features:
- A study of the phases of the project development and financial implication
- Considering the sources of financing for projects
- Appreciate how monthly progress claims are evaluated and approved
- Special attention on specific clauses in the Conditions of Contract and Letter of Award
- Highlight the use of insurance tools like policies and bond to protect the financial exposure
- Discussion on best practice to obtain a more effective value from better financial management
Training Outline
DAY 1: An Overview of Construction Projects and Financial Requirements
- Typical project and financial requirements
- Looking for sources of project funding
- Summary of Contract Administration
- Letter of Award and Conditions of Contracts (FIDIC and other contracts)
- Managing financial document and project cash flow
DAY 2: Project Planning and Sources of Finance
- Typical project planning issues
- Conventional or turn-key projects
- Looking for funding and legal restrictions
- Investors and crowd funding
- Loan repayment and protection
DAY 3: Project Commencement and Monthly Progress Monitoring
- Mobilization, advance payment and use plant on site
- Monthly progress claims
- Retention sum and when to release
- Testing and commissioning period and high site exposure
DAY 4: Insurance, Bond, and Other Financial Instruments
- Requirements for Insurance and Bond in the contract
- What is covered?
- Insurance as a risk transfer mechanism
- The connection between insurance and financial management
DAY 5: The Big Picture and Best Practices in Financial Management for a Project
- What are the key features – technical or financials?
- Dealing with project completion and hand-over
- Operational issues
- Responsibilities during Defects Liability Period and beyond
- Case studies
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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