This book has been written for the use of both students and teachers of Colleges of Technology, Monotechnics, Polytechnics, Universities, Research Institutes and all forms of tertiary educational institutions offering construction-related courses. The book will educate students of tertiary institutions on the basics of building and construction economics, developmental principles of the construction industry, and the concept of cost management and control in the construction industry. The book will also prepare students for career progression, upon graduation, as required by the Nigerian Institute of Quantity Surveyors (NIQS), Nigerian Institute of Building (NIOB), Nigerian Institution of Estate Surveyors and Valuers (NIESV), Royal Institution of Chartered Surveyors (RICS) and other allied professional associations.