The complexity of construction projects is steadily increasing. In addition to innovative architectural and engineering services, there is also a growing need to address economic, construction law, and management-related questions. The author provides a comprehensive overview of all the necessary construction economics knowledge in this textbook and reference work. Standards, guidelines, and laws have been completely updated for the second edition, including the current status of the VOB and labor law. New topics include information and communication, modern competitive and organizational forms, as well as financing methods in the construction industry. This already successful book is an essential foundation for all construction contractors.