This book examines the key issues and best practice to be considered in the contractual and financial management of major construction projects. Uniquely, it encompasses the building and civil engineering sectors by approaching the subject from the viewpoint of both the employer and the contractor. Worked examples, tables, legal and project case studies are used to illustrate the practical application of the theory where appropriate. End-of-chapter questions and extensive references help further develop understanding of the subject. The book is essential reading for undergraduates studying quantity surveying, civil engineering and building management courses, as well as postgraduates reading construction management/project management. It will also prove useful for those practitioners undertaking Continuing Professional Development.