The Commercial and Economic Context of Civil Engineering Projects - Term Paper Example

The paper "The Commercial and Economic Context of Civil Engineering Projects" is a brilliant example of a term paper on finance and accounting. This report begins with a basic introduction giving an insight into the general background of civil engineering as a field. It then touches on the commercial and economic context within it operates. It then delves into the purpose which is to understand construction economics as well as the scope which focuses on a construction project in the UK and Iraq in the year 2009.

In Section A, it goes on to detail an opportunity in the construction industry that can be addressed with civil engineering infrastructure projects and identifies the formation of a housing construction company in Iraq as a viable way of taking advantage of the poor state of housing in Iraq.

Section A further gives a description of the documents that were prepared in the company registered. The company name is Bollinton Housing Construction Company and some of the documents prepared were the Memorandum of association, the Articles of association, the Notice of AGM; share certificates; as well as the dividend voucher and dividend resolution.

Thereafter, the Section A of the report provides a discussion concerning the commercial and economic considerations taken into account in forming Bollinton Housing Construction Company and some of the considerations discussed are the financial plan, capital availability, the costs of relocation, the poor infrastructure in Iraq, the costs of insurance, the burden of retention, among many other considerations.

Section B then focuses on construction project appraisal. It first gives a breakdown of four mutually exclusive projects Bollinton Housing Construction Company may undertake with the accompanying justifications. It then gives some of the professional and ethical considerations that are taken into account before these four projects are to be accepted.

Section B goes on to calculate the cash flows of the four projects as well as their appraisals and discovers that the construction of homes is the most financially viable project to be undertaken at the present time.