APC training – Module 6: Project Finance
(Formally called Project Financial Control and Reporting)
This APC revision module comprises of a single unit and equates to 1 hour of formal CPD.
This competency is concerned with maximising value for the final client during the construction phase of the project. Do not confuse with Commercial Management which is concerned with maximising profit for the contractor.
If you work for a contractor, you should never mention CVR reports, own cost optimisation and internal cashflow forecasts in this competency.
You should only discuss how you report to the external client and assist them to manage change and deliver the project within their budget.
This module will provide you with all the level 1 knowledge in Project Finance. In addition, your APC trainer will explain you how to demonstrate level 2 and 3 in this competency.
Advice to complete your summary of experience and examples of common APC questions are provided throughout the training videos. You will also be given access to associated study notes and revision materials.
As always, you are welcome to contact us by email if you have any questions after completing the unit.
APC training – Module 6: Project Finance includes;
- Financial Reports
- Identifying cost variations
- Change control procedures
- Provisional sums and prime costs
- Contingency and risk allowances (relevant to PQS only)
- Cashflow forecast
- Final Accounts (See Quantification + Contract Practice Unit 2 or 5)