This text examines the important issues to be considered in the contractual and financial management of construction works with a particular emphasis on major projects in the UK and overseas. Key features include: an exploration of the building and civil engineering sectors from the viewpoints of the both the employer and the contractor; summaries of actual contractual and financial practice; and end-of-chapter questions. The text should be of use to students taking degrees in quantity surveying, civil engineering and building management and to those taking postgraduate courses in the same fields.