Project Report on Financial Appraisal

CAPITAL INVESTMENT PROGRAMMING
AND ITS FINANCIAL IMPLICATIONS

Budgeting and Financial Management
for
Local Government

April 2000

|David C. Jones, C.P.F.A., F.C.C.A.(UK),                               |and as:                                                           |
|Research Fellow & Visiting Instructor,                                 |President, Farsight Inc.                                         |
|Center for Urbanization Studies,                                       |International Financial & Management             Consultants       |
|Graduate School of Design,                                             |4936, Andrea Avenue,                                             |
|Harvard University,                                                   |Annandale,                                                       |
|48, Quincy Street. CAMBRIDGE.                                         |Virginia. 22003. USA                                             |
|Massachusetts                                                         |Tel: 703-978-8564 Fax: 703-978-8014                               |
|Tel: 617-495-4964 Fax: 617-495-9347                                   |E-mail: dcjones2@cox.com                                         |
|E-mail: djones@gsd.harvard.edu                                         |                                                                 |

CAPITAL INVESTMENT PROGRAMMING AND   ITS FINANCIAL IMPLICATIONS

BACKGROUND AND FINANCIAL FRAMEWORK

General

Capital Investment Programs are usually thought of as building things. This includes: development of land; erection of buildings; installation of roads, bridges, pipes and other infrastructure – above, on and under the ground; or, the supply of equipment for use on a semi-permanent basis.

Primary participants in these activities are mainly engineers. Thus, it is natural that they will be concerned to build and install, as rapidly as possible, the infrastructure and other... [continues]

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