Budget and Financial Statement in Civil Engineering and Construction

Management

QUESTION 1
A. What really is a budget and a Financial Statement in the context of civil engineering and
construction?
Budget is the quantitative distribution of the resources like material, man, money,
machinery and minutes which is required for the project that is to be completed within specified
time. Financial statement is reporting of company’s expenses, revenue, asset and liability.
B. Describe how these can be applied practically to HQ and site conditions in a construction and
consulting firm
The financial statement and budget is applied to the site conditions in the construction
and consultancy firm by allocating the resources of project in numerical form so that the profit or
loss of it is calculated in order to measure its success (Jackson, B.J., 2020).
QUESTION 2
State the Management of Health and Safety Regulations 1999.
This piece of legislation mainly requires the employers to carry out the risk assessment
and make arrangements in order to implement the necessary measures and arrange other
effective training and information.
Explain this legislation with respect to construction projects and discuss and evaluate how
effective this has been and stating any recent review if any.
This legislation helps in maintaining the risk assessment so that necessary measures are
taken on time to prevent or decrease the risk associated with working on construction sites. It
provides the duty on employer to ensure health and safety of employee at construction site. This
statute helps in identifying the potential hazard which can affect employee who are working at
sites.

QUESTION 3
Describe HRM in some detail.
Human resource management is referred to as the strategic approach which is effective in
managing the people at workplace so that business is able to gain competitive advantage. It helps
in maximizing the employee performance.
Further describe contract of employment and explain further what a written contract of
employment entails with clear succinct examples with respect to civil engineering and
construction projects.
The employment contract is referred to as the document which provides the terms and
conditions of the work. It states the obligations and rights of the employer such as right to be
paid, right to not get dismissed unfairly, etc.
In context to civil engineering, the employment contract provides the work duties of
workers such as responsibility for the technical design and working, responsible for the quality
of work, etc. (Xiaole, Houhong and Jiadi, 2020)
QUESTION 4
List the factors affecting the duration and costs of construction projects.
Factors which affect cost of projects in construction-
 Inflation factor.
 Inaccurate estimate.
Factors affecting time of construction project-
 Lack of material.
 Physical condition of site.
Describe the factors affecting the duration and costs of construction projects
The factors which affect cost-

 Inflation factor- when there is inflation in the market suddenly then the cost of its
resources tend to be high which affect the overall cost of construction project and vice
versa.
 Inaccurate estimates- if there is ineffective or wrong estimate of the cost of resources, it
will affect the budget of the project, thereby affecting entire working.
The factors which affect time-
 Lack of material- If there is insufficient material to carry on the project, it will affect the
duration of the construction project as it will result in delay.
 Physical condition of site-Where the physical condition of site is not good such as
insufficient labor, raw material, machinery and equipment not working, etc. it will affect
duration of project (Taye, Bademos and Issa, 2020).
QUESTION 5
List four of these regulations under UK safety law as related to both civil engineering and
construction which have come into force in the last 30 years.
 Construction (Design and Management) regulations 2015
 Work at Height Regulation, 2005
 Control of substances Hazardous to Health Regulations, 2002
 Management of health and safety at work Regulations, 1999
Describe these regulations under UK safety law as related to both civil engineering and
construction which have come into force in the last 30 years.
 Construction (Design and Management) regulations 2015- This law is designed to
improve the H&S in construction industry through defining the types of duty holders who
are responsible for H&S on construction site.
 Work at Height Regulation, 2005- It is designed with a purpose to avoid any injury and
death which may be caused by fall from height. It imposes duty of employer or controller
such ad building owner or manager to ensure that no accident to occur while working on
height.