Construction Finance

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Description

When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: The final course of the specialization expands the knowledge of a construction project manager to include an understanding of economics and the mathematics of money, an essential component of every construction project. Topics covered include the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams.

Created by:  Columbia University
  • Taught by:  Ibrahim Odeh, Ph.D., MBA, Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University

    Director of Research and Founder, Global Leaders in Construction Management
Basic Info Course 4 of 4 in the Constr…

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When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: The final course of the specialization expands the knowledge of a construction project manager to include an understanding of economics and the mathematics of money, an essential component of every construction project. Topics covered include the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams.

Created by:  Columbia University
  • Taught by:  Ibrahim Odeh, Ph.D., MBA, Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University

    Director of Research and Founder, Global Leaders in Construction Management
Basic Info Course 4 of 4 in the Construction Management Specialization Level Beginner Language English How To Pass Pass all graded assignments to complete the course. User Ratings 4.7 stars Average User Rating 4.7See what learners said Coursework

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Syllabus


WEEK 1


Introduction To The Construction Finance Course
Professor Ibrahim Odeh provides an overview of the Construction Finance course, and introduces the guest speakers.


1 video expand


  1. Video: Construction Finance Course Introduction


The Mathematics of Money



Professor Ibrahim Odeh discusses the Mathematics of Money beginning with a definition of the Time Value of Money. Calculating simple and compound interest rates are covered along with distinguishing between nominal and effective interest rates. Illustrated in this module is drawing a cash flow diagram.


12 videos expand


  1. Video: Mathematics of Money - Project Evaluation
  2. Video: Computing Interest / Simple Interest Calculations
  3. Video: Compound Interest Calculations
  4. Video: Simple vs. Compound Interest Rate Example / Nominal and Effective Rate
  5. Video: Nominal Interest Rate Example and Minimum Attractive Rate of Return
  6. Video: Present and Future Value of Money
  7. Video: Future Value of a Uniform Series
  8. Video: Uniform Series
  9. Video: Uniform Series: A deeper dive
  10. Video: Equations for Uniform Series
  11. Video: Net Present Value (NPV) Example
  12. Video: Internal Rate of Return (IRR) Example
  13. Discussion Prompt: Mathematics of Money

Graded: Mathematics Of Money

WEEK 2


Real Estate Finance for Development Projects
Professor Anthony Webster introduces real estate finance providing an overview of the real estate project lifecycle, a discussion on zoning code parameters, and examples of estimating the sales price of a property.


12 videos expand


  1. Video: Introduction to Financing Development Projects
  2. Video: Feasibility Study Example -- Project Parameters
  3. Video: Development Costs
  4. Video: "Comps" based Property Sale, Tax, Gain and Return
  5. Video: "Cap Rate" based Sale, Tax Gain and Return
  6. Video: Preview of "Discounted Cash Flow" Methods for Gain and Return
  7. Video: Framework for "Discounted Cash Flow" (DCF) Analysis
  8. Video: "Net Present Value" DCF Method for Project Evaluation
  9. Video: Net Present Value (NPV) Examples
  10. Video: "Internal Rate of Return" (IRR) Method for Project Evaluation
  11. Video: NPV and IRR Analysis with Excel
  12. Video: Changing and Comparing Compounding Periods
  13. Discussion Prompt: Deciding on a project

Graded: Real Estate Finance Development Projects
Graded: Feasibility Study: Estimating The Sales Price

WEEK 3


Financial Plans for Development Projects
Professor Anthony Webster provides an in-depth look at designing and building commercial real estate by looking at financial plans. The module ends with a deep dive into decision tree analysis.


12 videos expand


  1. Video: Introduction to Financial Plans for Development Projects
  2. Video: Debt Financing of Real Estate Projects
  3. Video: Construction Loan Example
  4. Video: Net Comprehensive Cash Flows for Sponsor and Lender
  5. Video: DCF Project Evaluation for Sponsor and Lender
  6. Video: Introduction to Decision Tree Analysis - 1
  7. Video: Introduction to Decision Tree Analysis - 2
  8. Video: Decision Tree Example - Overview
  9. Video: Solving the Example in Excel
  10. Video: Analysis of the Tree Results
  11. Video: Decision Tree Example with Time Value of Cash
  12. Video: Analysis of the Tree Results with Time Value Considered
  13. Discussion Prompt: Designing and Building Commercial Real Estate

Graded: Designing and Building Commercial Real Estate
Graded: Mathematics of Money

WEEK 4


Project Finance
Professor Bob Dewing discusses project finance and provides an overview of Global Project Finance. The roles of stakeholders in project finance is reviewed in depth.


10 videos expand


  1. Video: Global Project Finance Overview and by Sector
  2. Video: Stakeholders in Project Finance
  3. Video: Stakeholder Roles
  4. Video: Principles of Project Financing
  5. Video: Risk and Risk Allocation
  6. Video: Categories of Risk Allocation
  7. Video: Sponsor Perspectives - Structuring and Documentation
  8. Video: Completion Risks / Government Perspectives
  9. Video: Contract Parties
  10. Video: Contracts and Agreements

Graded: Project Finance

Risk In Project Finance
Eduardo Gamez discusses risk in project financing outlining the different entities involved in a transaction for a project.


3 videos expand


  1. Video: Project Parties, Timeline, and Finance
  2. Video: Borrowing vs Partnering Case Study: Revenue generating case
  3. Video: Case Study: Developer land swap case / Identifying and Allocating Risk
  4. Discussion Prompt: Risk in Project Finance

Graded: Risk in Project Finance

WEEK 5


Public - Private Partnerships
Karl Reichert introduces public and private partnerships.


8 videos expand


  1. Video: Public Private Partnerships (P3) Concept and Key Elements
  2. Video: Project Types
  3. Video: Drivers, Value and Typical Structures of P3
  4. Video: Responsibilities and Risk Transfer in various P3 structures
  5. Video: Pursuits through full project lifecycle and P3 Success Factors
  6. Video: Benefits of P3
  7. Video: Getting on Board with P3: Case Studies
  8. Video: A Deeper Dive Into P3 Case Studies
  9. Discussion Prompt: Public Private Partnerships

Graded: Public Private Partnerships

Lean in Construction Financing
Sam Spata provides an overview of Lean in Construction Financing and describes how to identify and mitigate risk using Lean Project Delivery Systems.


4 videos expand


  1. Video: Identifying Risk
  2. Video: Waste Concept in Lean
  3. Video: Mitigating Risk through Lean Project Delivery Systems
  4. Video: How To Access Probability and Mitigate

Graded: Lean in Construction Finance

Course Wrap-up
Professor Ibrahim Odeh wraps-up the Construction Finance course and discuss the Construction Management specialization.


1 video expand


  1. Video: Course Wrap-up
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