Titlebook: Construction Economics; An Introduction Stephen L. Gruneberg Textbook 1997Latest edition Stephen L. Gruneberg 1997 accounting.construction.

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Unternehmensrechnung und -besteuerungasibility studies as an example of investment appraisal applied to construction projects. Similar techniques are used in a variety of different contexts, such as investment in new plant and equipment, or in shares in the stock market. The basic questions facing every investor are whether or not the

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Economic Structure of the Construction Industryn contractors, architects, engineers and surveyors, very few firms remain for the duration of a project. Temporary organisations are formed to manage projects. On completion of their contracts, the firms making up these temporary teams also disperse.

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Unternehmensbewertung und Marktpreisfindung as profit and loss accounts and balance sheets. These accounts were essentially backward-looking, since they dealt with past events. Economists, on the other hand, are concerned with decision-making that concerns production in the future.

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Bewertungseinheitlichkeit und Jahresabschlu?ze and type of work must also be consistent with the general aims and targets of the firm. Otherwise, the firm can only respond in a haphazard way to opportunities as they become available, rather than going out to seek work of a particular type and quality.