We will be talking about today module about the mathematics of money, or
what we refer to from time to time,
as the time value of money, which is both are really just the same.
And we will be covering in our course the construction,
industry point of view, not any other industry from the mathematics of money,
because these are basics and the foundations that you can build
in any kind of investment or engineering field or discipline.
So basically construction firms acquire funds as any other individual as you or
as a family business or any kind of self contracted and so on.
And they acquire this money by borrowing it from banks or
and similar lending sources such as financial institutions.
The costs of money and the time during which that money
is tied up in any business decision processes,
are a crucial or it is crucial financial management factor.