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Management of effective protection of construction contracts from the perspective of the public investor
Andrlová, Barbara ; Kuda,, František (referee) ; Hanák, Tomáš (referee) ; Klee,, Lukáš (referee) ; Korytárová, Jana (advisor)
The doctoral thesis deals with an analysis and comparison of the effective protective forms for construction contracts from the perspective of the investor/contracting authority in public construction work orders according to Act No. 134/2016 Coll., on Public Procurement. The theoretical part includes the risk management of construction projects with regard to the management of the business risk. The functions of protective forms within the project life cycle are described. The legal standards and regulations related to the procurement process and the contract management between the client and the main contractor are presented. International legal standards used for construction projects in the Czech Republic and abroad are mentioned. The aim of the thesis is to investigate the current situation and to create a model of management of business risk as a methodical practical approach for the public investor. Quantitative research of the protective forms in the contracts for works was conducted. The research data consisted of a database of selected public works contracts published on the public profiles of the contracting authorities during the performance phase of contracts during the years 2011–2018. Within the data analysis, a structured database of inputs and the used protective forms was created according to the documentation of the construction work orders. Furthermore, the relationship between the estimated value of the contract and the contract price was examined. Based on the data analysis and the benchmark study the model of management of business risk was created. To optimize the selection of protective instruments in works contracts, a portfolio of effective protective forms and their recommended parameters was proposed. The quantitative analysis was complemented by the questionnaire survey method and the structured interviews with the public sector representatives. The results of the research were compared with current international practice.
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Management of effective protection of construction contracts from the perspective of the public investor
Andrlová, Barbara ; Kuda,, František (referee) ; Hanák, Tomáš (referee) ; Klee,, Lukáš (referee) ; Korytárová, Jana (advisor)
The doctoral thesis deals with an analysis and comparison of the effective protective forms for construction contracts from the perspective of the investor/contracting authority in public construction work orders according to Act No. 134/2016 Coll., on Public Procurement. The theoretical part includes the risk management of construction projects with regard to the management of the business risk. The functions of protective forms within the project life cycle are described. The legal standards and regulations related to the procurement process and the contract management between the client and the main contractor are presented. International legal standards used for construction projects in the Czech Republic and abroad are mentioned. The aim of the thesis is to investigate the current situation and to create a model of management of business risk as a methodical practical approach for the public investor. Quantitative research of the protective forms in the contracts for works was conducted. The research data consisted of a database of selected public works contracts published on the public profiles of the contracting authorities during the performance phase of contracts during the years 2011–2018. Within the data analysis, a structured database of inputs and the used protective forms was created according to the documentation of the construction work orders. Furthermore, the relationship between the estimated value of the contract and the contract price was examined. Based on the data analysis and the benchmark study the model of management of business risk was created. To optimize the selection of protective instruments in works contracts, a portfolio of effective protective forms and their recommended parameters was proposed. The quantitative analysis was complemented by the questionnaire survey method and the structured interviews with the public sector representatives. The results of the research were compared with current international practice.
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Effect of "retention money" on selected construction company’s financing and profit or loss
Bindzarová, Romana ; Stejskalová, Irena (advisor) ; Pečenka, Vratislav (referee)
The aim of dissertation is to summarize effect of retention money on selected construction company financing and profit or loss. In the introduction, there is accountancy and its status in company management defined. Following issues are attributes of claims, credit management, definition of retention with its accountancy impacts, method of its release and financing. Applied part deals with analysis of receivables and retention structure in particular company. This thesis investigates management and evolution of retention money using selected ratios, including method of financing. Along with previous there are enhancement steps for effective retention management recommended and proposal of credit management accounting directive elaborated.
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Construction order and accounting operations related to it
ŠTEMBEROVÁ, Štěpánka
The aim of this bachelor´s thesis is to present an overview of the most commonly agreed payment conditions for construction works and - by way of the particular example of the accounting entity - to analyze the solution in practice. The theoretical part of this thesis deals with the specifics of building industry both from the general point of view and accounting point of view. There are analyzed the most commonly agreed conditions of the settlement of construction works and most frequently used securing instruments. At the specific possibilities, there are noted the related accounting operations. The practical part of this thesis is concentrated on elaborating the accounting in a construction company related to the particular construction order. There are stated accounting transactions concerning the order, using the analytical accounts and costs and revenues relating to the individuals performances. The conditions of the settlement of the works and deliveries agreed in connection with the order are compared with their further possible versions from the point of view of the influence on the economic result of the order. From the suggested payment conditions, there is recommended their most appropriate combination.
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Construction contracts -- the ways of their accounting treatment
Mařasová, Lucie ; Krupová, Lenka (advisor) ; Strouhal, Jiří (referee)
This thesis is concerned with accounting for construction contracts in the accounting records of a contractor. The first chapter is focused on accounting for construction contracts according to IAS 11 -- Construction contracts and contains also a brief description of interpretations IFRIC 12 and IFRIC 15, which are connected with IAS 11. Next chapter describes accounting for construction contracts according to the US GAAP. One chapter is also dedicated to the requirements of Czech accounting legislature that Czech contractors have to take into account when accounting for construction contracts. Last chapter is conceived as a case study which was prepared in order to determine how construction companies -- concretely three European and three American construction companies -- deal with construction contracts in practice.
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