This second edition updates Construction Cost Management: Learning from case studies which was first published in 2008. Following feedback from independent academic reviewers the structure of the book was kept the same but each chapter was brought up to date and modified where appropriate.
With a new joint author – Dr Nii A. Ankrah – each chapter was thoroughly reviewed and enhanced with the addition of further case studies in both the building and civil engineering sectors. A thorough review of relevant published academic articles was undertaken and, where appropriate, further academic references and relevant websites were also included. These additions now make the second edition a suitable starting point for many procurement and cost management-related dissertation topics.
Since the publication of the first edition we have received useful information from many senior quantity surveyors and commercial managers representing consultants, public and private clients and contractors and major specialist contractors. The chapters on the NEC3 and FIDIC Red Book have been considerably enhanced after feedback from a wide range of students and practitioners with experience of working in different countries. These, together with observations received from undergraduate and postgraduate students at the University of Wolverhampton, have further enriched the content of this book. Finally, we would like to thank our valued fellow colleague Pauline Corbett for her invaluable comments – they have always been pertinent and knowledgeable.
This revised edition thus captures the essence and key issues of construction cost management not only in the UK but in an international context. Any errors or omissions are, of course, our responsibility.
Construction Cost Management 2nd Edition
Construction Cost Management 2nd Edition
Contents
- Introduction And Overview
- Setting The Scene
- Construction Overview
- Cost Management In Construction
- Learning From Case Studies
- Overview Of Chapters
- Conclusions
- Questions
- References/Further Reading
- Reports And Recommendations
- Introduction
- Post-War Reports
- The Latham Report, Constructing The Team
- Efficiency Scrutiny
- Construction Procurement Guidance, HM Treasury
- Construction Industry Board (CIB) Working Groups
- The Egan Report, Rethinking Construction
- Modern Construction, National Audit Office
- The Second Egan Report, Accelerating Change
- Achieving Excellence In Construction Procurement Guides, Office Of
- Government Commerce
- Improving Public Services Through Better Construction, National Audit
- ‘Never Waste A Good Crisis’, Constructing Excellence
- ‘Government Construction Strategy’, The Cabinet Office
‘Infrastructure In The New Era’, Constructing Excellence And Pinsent
- Masons LLP
- Reflections
- Questions
- References/Further Reading
- Part II Management Of The Pre-Contract Stage
- Selecting The Consultants And Contractors
- Introduction
- Selecting Consultants
- Selecting Contractors By Value
- CIRIA Guide Selecting Contractors By Value
- Single-Stage Tendering
- Two-Stage Tendering
- FIDIC Tendering Procedures
- Conclusions
- Questions
- References/Further Reading
- Pre-Contract Cost Management
- Introduction
- Cost Estimating On Engineering, Manufacturing And Process Industry
- Projects
- Cost Estimating On Civil Engineering Projects
Cost Estimating On Building Projects
- General Comments
- Action After Receipt Of Tenders
- Conclusions
- Questions
- References/Further Reading
- Cost Management On PFI Projects
- Introduction
- Structure Of BOT Projects
- Case Study: Nottingham Express Transit (NET) Light Rail
- Factors Leading To Success On BOT Projects
- Risks And Securities
- Case Study: Sydney Super Dome, Australia
- The Private Finance Initiative
- Alternative PPP Models – Local Asset-Backed Vehicles (Labvs)
- The Role Of The Cost Consultant In PFI/PPP Projects
- Case Study: Stoke-On-Trent Schools, UK
- Conclusions
- Questions
- References/Further Reading
- Contractor’s Estimating And Tendering
- Introduction
- Decision To Tender
- Determining The Basis Of The Tender
Preparation Of Cost Estimate
- Commercial Appreciation
- Conversion Of Estimate To Tender
- Submission Of Tender
- Questions
- References/Further Reading
- Part III Key Tools And Techniques
- Value Management
- Introduction
- What Is Value Management?
- Value Planning (VP)
- Metropolis United’s New Football Stadium
- Value Engineering (VE)
- Value Reviewing (VR)
- Case Studies
- Conclusions
- Questions
- References/Further Reading
- Risk Management
- Introduction
- Risk Identification
- Risk Analysis Techniques
- Risk Register
- Risk Response
Strategic Risk Management
- Case Studies
- Conclusions
- Questions
- References/Further Reading
- Whole-Life Costing
- Introduction
- Understanding The Relevance Of WLC
- The Basic Steps In WLC
- Money, Time And Investment
- Calculations
- Problems With Assessing Whole-Life Costs
- Whole-Life Value
- Conclusions
- Questions
- References/Further Reading
- Construction Cost Management
- Bim And Big Data For Construction Cost Management
- Msc Construction Cost Management
- Construction Cost Management Software
- Metric Construction Cost Management
- Best Construction Cost Management Software
- Nakano Cost Management
Construction Cost Management Inc
- University Of Reading Msc Cost Management
- University Of Reading Cost Management
- Cost Management Software Free
- Cost Management Australia Pty Ltd
- Cost Management Australia
- Cost Management Analysis
- Project Cost Management Articles
- Project Cost Management Assignment
- Project Cost Management Approach
- Project Cost Management App
- Cost Manager Amazon
- Project Cost Management And Finance
- Project Cost Management Activities
- Am Cost Management Ltd
- Project And Cost Management
- Coventry University Project And Cost Management
- Direct Costs And Indirect Cost In Management
- Autodesk Cloud Cost Management
- Health And Safety Cost Management
- Rics And Global Cost And Commercial Management Of Construction
- Time And Cost Management In Projects