Engineering Money: Financial Fundamentals for Engineers

There are many text books about engineering design and some include project evaluation techniques. There are text books on accounting methods and yet others on business management. This book does not aim to replace these specialized texts but brings together the elements of these subjects that young engineers working in industry – particularly the construction industry and its customers – need to understand.

Most engineers learn about money the hard way: by experience in the workplace. The authors having done this themselves recognized the gap in engineers’ education and set out to bridge it. This book is based on a 1996 course George Solt pioneered for final-year engineering undergraduates. The book is written in an approachable style and gives young engineers as well as mature engineers an insight into the way engineering businesses run, the importance of capital and the problems of cash flow.

RICHARD HILL worked for twenty years in design and proposals in the contracting industry and served as marketing director for a specialist process plant contractor. He now runs his own independent consultancy and lectures at Cranfield University, University College London, and UNESCO-IHE in Delft, Holland.

GEORGE SOLT spent thirty years in industrial research and development serving as technical director in two-specialist process plant contracting companies before becoming a full-time academic at Cranfield University and University College London.