The purpose of this manual is to enable students to gain fundamental knowledge of estimating the cost of building construction projects. The procedures used for estimating vary form company to company. On the other hand, the construction industry has become, over the years, more competitive which has made construction companies to do their best in order to offer the best possible service at the least price. To overcome this constraint, it is necessary to know precisely the cost of services. And it would be the role of an Estimator. Unfortunately, there are no specific rules, as it accounts, for obtaining a good estimate, even among individuals within a company. Because of contracting method currently employed (like fast track or PPP) construction companies need precision in their estimates; in addition, as estimators are increasingly consulted at conceptual design stage, we will talk about conceptual estimate in chapter one and then focus on detailed estimations and its process in upcoming chapters.We all know that a good estimator needs to have a good knowledge about construction techniques and factors that influence the realization of a project. We also know that an individual who possesses a high level of experience in his/her field but also could be a poor estimator in the absence of reliable method. So, in this manual we will focus more on estimations' method rather than techniques of construction.A detailed estimate ( Bid Estimate ) can be analyzed in terms of the SIX principal stages of the process:1.Quantity Takeof2.Recap Quantities3.Pricing the Recap4.Pricing Subcontractor's work5.Pricing General Expenses6.Summary and BidTo decode these six steps into an effective and accurate estimation method, the manual is divided into three modules. Each module is divided into chapters. The first module addresses the preparation of an estimate for construction and describes the entire submission process. The second module deals with the methods of measurement of the constructive systems then, in the third module, establish the prices of the elements, the expenses of the general conditions and finally, close the submission.
For courses in Construction Management/Estimating in departments of Construction Engineering and Construction Technology. This text thoughtfully discusses the overall process of estimating construction costs, with particular emphasis on the preparation of a stipulated sum bid by a general contractor. It covers all the normal bid-preparation activities selection and strategy, drawings and specifications, bid-submission and a review, and recommends and outlines practices and methods to handle these functions.
This comprehensive resource offers thorough instruction on the principles of construction estimating and helps readers develop the skills they need to become professional estimators. FUNDAMENTALS OF CONSTRUCTION ESTIMATING, Fourth Edition, presents estimating procedures in a straightforward and engaging way, clearly explaining key processes of estimating and costing construction work such as quantity takeoff; pricing of contractor work, sub-trade work, and site overhead; and compiling bid documents. In addition, the text includes drawings of two major projects--one residential and one commercial--to guide readers through a complete estimating process that can be followed by various trades on many different types of construction projects. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
The essential, authoritative guide to providing accurate, systematic, and reliable estimating for construction projects—newly revised Pricing and bidding for construction work is at the heart of every construction business, and in the minds of construction consultants’ poor bids lead to poor performance and nobody wins. New Code of Estimating Practice examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works, both in the public and private sectors. It embodies principles that are applicable to any project regardless of size or complexity. This authoritative guide has been completely rewritten to include much more contextual and educational material as well as the code of practice. It covers changes in estimating practice; the bidding process; the fundamentals in formulating a bid; the pre-qualification process; procurement options; contractual arrangements and legal issues; preliminaries; temporary works; cost estimating techniques; risk management; logistics; resource and production planning; computer-aided estimating; information and time planning; resource planning and pricing; preparation of an estimator’s report; bid assembly and adjudication; pre-production planning and processes; and site production. Established standard for the construction industry, providing the only code of practice on construction estimating Prepared under the auspices of the Chartered Institute of Building and endorsed by a range of other professional bodies Completely rewritten since the 7th edition, to include much more contextual and educational material, as well as the core code of practice New Code of Estimating Practice is an important book for construction contractors, specialist contractors, quantity surveyors/cost consultants, and for students of construction and quantity surveying.
Industrial Construction Estimating Manual focuses on industrial process plants and enables the contractor, subcontractor, and engineer to use methods, models, procedures, formats, and technical data for developing industrial process plant construction estimates. The manual begins with an introduction devoted to labor, data collection, verification of data, coding, productivity measurement, the unit quantity model, and computer-aided cost estimating. It goes on to provide information on construction materials, database systems, work estimating, computer-aided estimating, detailed labor estimates, bid assurance, and detailed applications to construction. Practical examples based on historical data collected from past installations are also included as well as a detailed glossary, Excel and mathematical formulas, metric/standard conversions, area and volume formulas, and boiler man-hour tables. Industrial Construction Estimating Manual aids contractors, subcontractors, and engineers with a balance-detailed estimating method using the unit quantity model and is an excellent resource for those involved in engineering, technology, and construction estimating. Provides a detailed estimating method using the unit-quantity model to prepare construction estimates Delivers information on construction materials, databases, labor estimates, computer-aided estimating, bid assurance, and applications to construction. Utilizes historical data, from a database of previous similar work, calculates material cost and labor by category, and produces both summary and detailed man-hour and cost estimates.
Companies live or die on the basis of estimating their costs. Preparing estimates and bidding for new jobs is a complex and often costly process. There is no substitute for on the job training -- until now. Drawing on the authors' combined experience of more than 70 years, Estimating Building Costs presents state-of-the-art principles, practices, a
Running a small business can be daunting to the contractor whose expertise is in building -- not finance or law. This book helps to demystify the day-to-day challenges that contractors face. Running a Successful Construction Company is acknowledged as the leading book in its field.
Industrial Process Plant Construction Estimating and Man-Hour Analysis focuses on industrial process plants and enables the estimator to apply statistical applications, estimate data tables, and estimate sheets to use methods for collecting, organizing, summarizing, presenting, and analyzing historical man-hour data. The book begins with an introduction devoted to labor, productivity measurement, collection of historical data, verification of data, estimating methods, and factors affecting construction labor productivity and impacts of data. It goes on to explore construction statistics and mathematical spreadsheets, followed by detailed scopes of work ranging from coal-fired power plants to oil refineries and solar plants, among others. Man-hour schedules based on historical data collected from past installations in industrial process plants are also included as well as a detailed glossary, Excel and mathematical formulas, area and volume formulas, metric/standard conversions, and boiler man-hour tables. Industrial Process Plant Construction Estimating and Man-Hour Analysis aids industrial project managers, estimators, and engineers with the level of detail and practical utility for today’s industrial operations and is an ideal resource for those involved in engineering, technology, or construction estimation. Identify quantity differences with the comparison method and eliminate impacts between proposed and previously installed equipment Understand how to implement statistical and estimating methods, scopes of work, man-hour tables and estimate sheets to produce direct craft man-hour estimates, RFPs, and field change orders Set up and utilize Excel templates to automate statistical functions that will perform mathematical applications key to process plant construction
The definitive contracting reference for the construction industry, updated and expanded Construction Contracting, the industry's leading professional reference for five decades, has been updated to reflect current practices, business methods, management techniques, codes, and regulations. A cornerstone of the construction library, this text presents the hard-to-find information essential to successfully managing a construction company, applicable to building, heavy civil, high-tech, and industrial construction endeavors alike. A wealth of coverage on the basics of owning a construction business provides readers with a useful "checkup" on the state of their company, and in-depth exploration of the logistics, scheduling, administration, and legal aspects relevant to construction provide valuable guidance on important facets of the business operations. This updated edition contains new coverage of modern delivery methods, technology, and project management. The field of construction contracting comprises the entire set of skills, knowledge, and conceptual tools needed to successfully own or manage a construction company, as well as to undertake any actual project. This book gives readers complete, up-to-date information in all of these areas, with expert guidance toward best practices. Learn techniques for accurate cost estimating and effective bidding Understand construction contracts, surety bonds, and insurance Explore project time and cost management, with safety considerations Examine relevant labor law and labor relations techniques Between codes, standards, laws, and regulations, the construction industry presents many different areas with which the manager needs to be up to date, on top of actually doing the day-to-day running of the business. This book provides it all under one cover – for the project side and the business side, Construction Contracting is a complete working resource in the field or office.
'TRB's National Cooperative Highway Research Program (NCHRP) Report 574: Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction explores approaches to cost estimation and management designed to overcome the root causes of cost escalation and to support the development of consistent and accurate project estimates through all phases of the development process, from long-range planning, through priority programming, and through project design. NCHRP Web-Only Document 98 details the steps followed by the research team in the development of NCHRP Report 574"--Publisher's description.