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CE 0405

Construction
Entrepreneurship
Tejas Sura, MBA, MS, PMP
tejassura@yahoo.com, +91-91-67-237828
Course Overview
• Construction entrepreneurship deals with the knowledge,
skills and attitudes required to assemble resources including
innovations, finance and business acumen in an effort to
transform innovations into economic goods.
• The purpose of this subject is to explain the role of and the
opportunities for the entrepreneur in the built environment.
• The built environment is defined as all the components and
services that go into the structures and infrastructure in which
we live.
Learning Objectives
• On successful completion of this course, you will be able to:
• apply the principles underpinning the financial management of
construction companies.
• develop and appraise strategic management plans for
construction companies.
• simulate the management of a construction companies.
• investigate and apply entrepreneurship principles to the built
environment.
• develop effective communication skills related to working in
teams in virtual environments.
• justify the strengths and weaknesses of your learning experiences
about managing construction companies
Course Content
• Indian construction industry
• Projects, Unique features of construction, project participants,
methods of project execution.
• Construction economics
• Economic decision making, time value of money, evaluating
alternatives, Investment criteria: Net present value, benefit cost
ratio, internal rate of return, urgency, payback period, accounting
rate of return
• Construction contract
• Types of contract, Contract document, Bidding process, General
contract conditions (CPWD and FIDIC), sub-contracting, claims,
disputes and project closure
Course Content
• Bidding
• Estimation of costs and bidding strategies, bid preparation,
bidding models
• Project organization
• Forms of business organization, structure of construction
organization, organization for project management, management
level
• Planning and organizing construction site and resources:
• Site: site layout, developing site organization, record keeping at
site, Manpower: planning, organizing, staffing, motivation,
Materials: concepts of planning, procurement and inventory
control, Equipment: basic concepts of planning and organizing,
Course Content
• Construction accounts
• Accounting process, revenue recognition, working capital needs,
financing for working capital, Funds: cash flow, sources of funds
• Risk in construction
• Risk management process, insurance in construction
• Safety and health on project sites
• Accidents; their causes and effects, costs of accidents,
occupational health problems in construction, organizing for
safety and health
Prescribed Text
• Jha K N, Construction Project Management, Pearson, 2011

• Chitkara K K, Construction Project Management, Tata McGraw


Hill
References
• Project Management for Construction - Fundamental
Concepts for Owners, Engineers, Architects and Builders, Chris
Hendrickson, World Wide Web Publication, 2000

• Barrie D.S. & Paulson B C, Professional Construction


Management, McGraw Hill
Faculty – Tejas Sura
• Over 20 years of experience in • Qualifications
the construction industry in India • MBA Finance
and USA • MS – Structural Engineering
• Presenter on Project • BE – Civil Engineering
Management and Leadership • LC & SE – Gold Medalist
• Entrepreneur • Certifications
• Start-up company 27 October 2014 • Portfolio Management Professional
• MD - Cubic Turnkey Pvt Ltd • Project Management Professional
• Construction Project Management • ISO 9000 Internal Auditor
• Turnkey Projects • Standards Committee
• Structural Audits and Rehabilitation • International Standards
• Corporate Trainings Organisation (ISO)
• Software Development • Bureau of Indian Standards (CED &
MSD)
• Visiting Faculty at VJTI, Welingkar,
NMIMS since 2013 • PMI – PMBOK 6th Edition &
Construction Extension
• Construction Entrepreneurship
• Managerial Decision Making
• Professional Memberships
• IE (I) ・ PMI
• Building Information Modelling
• ASCE ・ ACI
• Project Management
Open for Questions
Thank you
Tejas Sura, MBA, MS, PMP
tejassura@yahoo.com, +91-91-67-237828

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