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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
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Searching... | 30000001607328 | TA183 P37 1988 | Open Access Book | Book | Searching... |
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Summary
Summary
Covering the life of a construction project from inception to completion, this useful reference explains basic and advanced aspects of engineering economics, cost estimating, cost control, cost forecasting, planning, and scheduling. It serves both as a comprehensive introduction to cost engineering and as a practical, on-the-job guide for any construction project where the object is economy. Construction Cost Engineering Handbook describes the responsibilities of each member of the construction team and defines their relationship to project control ... analyzes project economics before, during, and after a project's finish ... examines various types and methods of estimating ... distinguishes between cost reporting and cost forecasting, with valuable cost and scheduling integration examples ... considers planning and scheduling procedures such as the bar chart and sophisticated contemporary techniques ... highlights ways of avoiding common mistakes through data development ... and furnishes computer samples for estimating, cost control, cost forecasting, and scheduling. Illustrated with more than 180 excellent diagrams and drawings, and featuring convenient appendixes on foreign and remote projects, code of accounts and work breakdown structure, and typical project activities, Construction Cost Engineering Handbook is an indispensable reference for civil, cost, project, plant, design, construction, and industrial engineers and managers as well as architects, building contractors, and financial controllers involved with construction projects. Book jacket.
Author Notes
Anghel Patrascu is Manager of Cost Engineering at Liquid Air Engineering Corporation in Walnut Creek, California
Table of Contents
Preface | p. v |
Part I Project Economics | |
1. Project Economics | p. 3 |
Market Research | p. 3 |
Advantages and Disadvantages of New Projects | p. 4 |
Economic Evaluation of Risks | p. 5 |
Feasibility Studies | p. 6 |
Funding and Cash Flow | p. 8 |
Insurance | p. 10 |
Plant Location | p. 10 |
2. The Life of a Project | p. 13 |
Market Research and the Preliminary Estimate | p. 13 |
Appropriation or Proposal Estimate | p. 14 |
Preliminary Estimate by the Owner | p. 15 |
Estimate by the Engineering and Construction Firm | p. 15 |
Enginering Department | p. 16 |
Review and Approval of the Estimate | p. 19 |
Project Execution | p. 19 |
Cost Engineering | p. 26 |
Other Contributors | p. 26 |
3. Project Organization | p. 31 |
Project Management | p. 31 |
Project Organization: An Overview | p. 33 |
The Project Manager | p. 35 |
The Project Team | p. 35 |
Cost Engineering | p. 36 |
Organizing a Cost-Engineering Department | p. 37 |
The Cost Engineer's Role in Management | p. 43 |
4. Integrated Cost Engineering | p. 47 |
Introduction | p. 47 |
Estimating | p. 49 |
Budgeting | p. 50 |
Cost Control and Forecasting | p. 50 |
Data Analysis | p. 51 |
Data Development | p. 51 |
Planning and Scheduling | p. 52 |
Outside Data | p. 52 |
Part II Construction Cost Engineering | |
5. Estimate Checklist | p. 57 |
Plant Location | p. 58 |
Site Access | p. 59 |
Procurement | p. 61 |
Engineering | p. 64 |
Construction | p. 65 |
Construction Labor | p. 69 |
Schedule | p. 72 |
Other Costs | p. 74 |
6. Types of Estimates and Estimating Methods | p. 75 |
Types of Estimates | p. 75 |
Cost and Schedule Integration | p. 83 |
Estimating Methods | p. 85 |
Direct and Indirect Costs | p. 89 |
Value Engineering | p. 89 |
Do's and Don'ts in Estimating | p. 90 |
7. The Detailed or Definitive Estimate | p. 91 |
Definition | p. 91 |
When and Why a Definitive Estimate Is Required | p. 92 |
Preparation | p. 92 |
Estimate Review and Presentation | p. 108 |
8. Contingency, Allowances, and Escalation | p. 115 |
Contingency | p. 115 |
Allowance | p. 128 |
Escalation | p. 129 |
Part III Cost Control and Forecasting | |
9. Implementing a Cost-Control System | p. 137 |
Definition | p. 137 |
Objectives | p. 138 |
Cost Control Is the Name of the Game | p. 139 |
Resistance to Control | p. 140 |
Quality/Cost/Schedule Conflicts | p. 144 |
Who Controls Costs? | p. 144 |
Implementing Cost Control | p. 147 |
Financial Control | p. 158 |
Control of Extra Work | p. 159 |
The Twelve Commandments of Cost Control | p. 160 |
10. Budgets | p. 169 |
Definition | p. 169 |
Purpose | p. 169 |
Code of Accounts and the WBS | p. 170 |
Forms | p. 170 |
Budget Preparation | p. 170 |
Timing | p. 172 |
Distribution | p. 173 |
Review and Approval | p. 173 |
Documentation | p. 173 |
Do's and Don'ts | p. 173 |
11. Cost Control | p. 175 |
Control Phases | p. 175 |
Control Techniques | p. 183 |
Control of Changes | p. 188 |
Financial Control | p. 196 |
12. Cost Forecasting | p. 203 |
Cost-Status Evaluation | p. 203 |
Cost Forecasting | p. 205 |
The Monthly Report | p. 216 |
Part IV Planning and Scheduling | |
13. Planning and Scheduling | p. 221 |
Why Plan | p. 221 |
Time is Money | p. 222 |
Time, Cost, and Performance | p. 223 |
Scheduling Systems and Levels | p. 223 |
Work Breakdown Structure | p. 224 |
Scope of Work | p. 224 |
Manual and Computerized Approaches | p. 225 |
Coordination and Communication | p. 226 |
Resistance to Scheduling | p. 226 |
Terminology | p. 227 |
Do's and Don'ts in Scheduling | p. 228 |
14. The Bar Chart | p. 231 |
History | p. 231 |
Simplicity | p. 232 |
Development | p. 233 |
Updating | p. 233 |
Presentations | p. 233 |
15. The Critical Path Method | p. 237 |
History | p. 237 |
From Bar Chart to CPM | p. 238 |
Rules | p. 240 |
The Network | p. 241 |
Computations | p. 241 |
The Critical Path | p. 244 |
16. Project Evaluation and Review Technique and the Precedence-Diagram Method | p. 245 |
Project Evaluation and Review Technique | p. 245 |
Precedence-Diagram Method | p. 248 |
17. Schedule Development | p. 253 |
Schedule Base | p. 253 |
Schedule Development | p. 258 |
Schedule Crashing | p. 273 |
18. Resource Allocation | p. 275 |
Resource Allocation | p. 275 |
Financial Resources | p. 277 |
Engineering and Project Administration | p. 283 |
Procurement Resources | p. 287 |
Construction Manpower Allocation | p. 288 |
Construction Start Time by Trade | p. 291 |
19. Time Control | p. 293 |
General Requirements | p. 293 |
Control of Engineering Progress | p. 306 |
Control of Equipment and Materials Procurement and Deliveries | p. 312 |
Control of Construction Progress | p. 317 |
20. Progress Reports | p. 327 |
General Requirements | p. 327 |
Report Outline | p. 328 |
Engineering Status | p. 329 |
Procurement Status | p. 333 |
Contracting and Construction Status | p. 338 |
Overall Project Status Report | p. 342 |
Critical Path Analysis | p. 344 |
Accomplishments, Problems, and Action List | p. 345 |
Photographs | p. 345 |
Part V Data Bank | |
21. Data Development | p. 349 |
The Importance of Data Analysis | p. 349 |
Code of Accounts | p. 351 |
Uniformity of Records | p. 351 |
Continuous Analysis | p. 351 |
Sorting Out Special Conditions | p. 353 |
Additional Factors | p. 354 |
22. Storage and Retrieval of Data | p. 357 |
How to Store and Retrieve Cost and Scheduling Data | p. 359 |
Graphs, Charts, and Unit Costs | p. 360 |
Contractual Requirements | p. 360 |
Evaluation of Contractors | p. 363 |
Specific Project Conditions | p. 364 |
Project Comparisons | p. 365 |
Specific Project Data | p. 365 |
Engineering and Consultants | p. 389 |
23. Lessons to Be Learned | p. 391 |
The Closing Report | p. 391 |
Learning From Mistakes | p. 392 |
Performance Evaluation | p. 395 |
Sharing Knowledge | p. 396 |
Willingness to Improve | p. 396 |
Hiding the Facts | p. 396 |
Value Analysis | p. 397 |
Performance of Consultants, Suppliers, and Contractors | p. 397 |
Comparison with Other Projects | p. 398 |
The Fight for Survival | p. 398 |
A Case Study | p. 398 |
Part VI The Future of Cost Engineering | |
24. Computer Applications | p. 403 |
Computers in Project Management | p. 403 |
Project Economics | p. 404 |
Cost Estimating | p. 405 |
Cost Control and Forecasting | p. 408 |
Planning and Scheduling | p. 409 |
Data Bank | p. 409 |
Graphics | p. 410 |
Communication | p. 410 |
25. Teaching Cost Engineering | p. 411 |
On-the-Job Training | p. 411 |
Graduate Program | p. 419 |
Cost Engineering Manuals | p. 433 |
Appendices | |
Appendix A Checklist for Estimating | p. 437 |
Appendix B Special Considerations for Foreign Projects | p. 451 |
Appendix C Code of Accounts and the Work Breakdown Structure | p. 459 |
Appendix D Estimating and Cost Control: A Study of Existing Conditions and Recommendations for Improvement | p. 471 |
Appendix E Typical Project Activities | p. 483 |
Index | p. 491 |