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Objectives overview
The objectives of financial management in the construction business.
© Coventry University. CC BY-NC 4.0
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The management of finance is concerned with the procurement and utilisation of funds.
Effective procurement and efficient use of funds can result in proper utilisation of finance by the business. The main aim of a construction business is to maximise the client’s economic welfare.
Objectives of financial management may be broadly divided into two parts:
- Profit maximisation
- Wealth maximisation
We will explore these two divisions in more depth in the following steps.
© Coventry University. CC BY-NC 4.0
Image © Getty Images
This article is from the online course:
An Introduction to Financial Management in Construction
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An Introduction to Financial Management in Construction
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