Académique Documents
Professionnel Documents
Culture Documents
GROUP C
SCHOOL: SCEGE
DEPT: CCEE
TASK: ASSIGNMENT
YEAR: FIFTH
SEMESTER: TWO
A. Board of directors
The board of directors are the highest level of decision making in the company and all major
decisions executed by the company are done by the Board.
In the construction company Board of directors have the following responsibilities :
Recruit, supervise, retain, evaluate and compensate the manager.
Provide direction for the organization. The board has a strategic function in
providing the vision, mission and goals of the organization. These are often
determined in combination with the CEO or General Manager of the business.
Establish a policy based governance system. The board has the responsibility of
developing a governance system for the business. The articles of governance
provide a framework but the board develops a series of policies. Govern the
organization and the relationship with the CEO or General Manager. Another
responsibility of the board is to develop a governance system. The governance
system involves how the board interacts with the general manager or CEO.
Periodically the board interacts with the CEO during meetings of the board of
directors. Typically that is done with a monthly board meeting, although some
boards have switched to meetings three to four times a year, or maybe eight times
a year. In the interim between these meetings, the board is kept informed through
phone conferences or postal mail.
Fiduciary duty to protect the organization’s assets and member’s investment
Monitor and control function. The board of directors has a monitoring and control
function. The board is in charge of the auditing process and hires the auditor. It is
in charge of making sure the audit is done in a timely manner each year.
B I) PROJECT MANAGER
Project manager has the following responsibilities in a construction company.
Planning. The project manager needs to plan work for the whole team, estimate cost,
develop deliverable schedules and review projects in depth.
Hire, Fire and supervise personal in the construction project.
Ensure completion of project on time and within the budget.
Resolve disputes between fellow construction workers, sub-contractors.
Manage possible risk at site.
Plan and arrange visits to new potential clients
Ensure every client receives enough support and establish unbreakable relationship
Develop contacts with senior staff, directors and other influential people around
Coordinate support and do the training
Form a close working relationship with the Managing Director, other Senior Executives
and Non Executives.
Provide leadership to the Board's Finance and Accounting strategy, to optimise the
company’s financial performance and strategic position.
Take overall control of the company’s accounting function
Contribute fully to the development of company strategy across all areas of the
business, challenging assumptions and decision-making as appropriate and providing
financial analysis and guidance on all activities, plans, targets and business drivers.
Ensure that company financial systems are robust, compliant and support current
activities and future growth.
Lead and develop finance teams.
Work with senior teams to grow the business, formulating strategies and plans.
Ensure corporate budgeting processes are carried out and reviewed.
Take ultimate responsibility for the company cash management policies.
Present annual accounts to investors.
Ensure that the regulatory requirements of all statutory bodies are met.
Corporate finance: manage company policies regarding capital requirements, debt,
taxation, equity, disposals and acquisitions, as appropriate.
Establish a high level of credibility and manage strong working relationships with
external parties including customers and advisors.
D) STAFF
This consists majorly of the people who are responsible for the execution of the tasks in a
construction company.
Engineers carry out review of detailed structures and interpretation of the same details.
Quantity surveyors do the costing of the construction work project.
Accountants keep records of financial transactions such as balance sheet, Loss and
profit sheet.
Surveyors do all the surveyors work for all the construction projects of the company.
Site engineers perform daily to daily managing of construction site of the company.
Cashier maintain all the cashbooks, petty cash relating to the daily operations of the
company.
Procurement officers carry out procurement procedures such as purchase of building
materials for the construction company, purchase of stationary and related materials.
Conclusion
In order to ensure efficient flow of activities in a construction company all the responsibilities
listed above should be executed by the under listed personnel. Where overlaps exist they shall
be jointly administered to obtain better results.