Construction Cost Estimating Process and Practices

by ; ; ;
Edition: 1st
Format: Hardcover
Pub. Date: 2004-06-02
Publisher(s): Pearson
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Summary

The most comprehensive book on the market that covers the fundamental cost estimating principles and processes used in commercial construction today. Using a single case study, the book shows readers how to prepare their estimates and to develop the necessary skills needed to be successful in the construction industry.It covers theory, types of estimates, estimating procedures and contractual aspects as well as providing practical tips on how to estimate. Specifically details the process for developing three separate types of estimates: a budget estimate during design development, a guaranteed-maximum-price estimate for a cost-plus contract, and a bid for a lump-sum contract. The book also discusses analysis of subcontractor quotations as well as estimating job site general conditions and company overhead costs; it even includes discussion of negotiated contracts.A comprehensive reference for construction professionals such as cost estimators and project managers.

Table of Contents

Overview
Introduction
Cost Estimating Process
Design Process
Uses of Cost Estimates
Types of Cost Estimates
Types of Construction
Contracts
Procurement Methods
Preconstruction Services
Risk Analysis and Contingencies
Case Study: Training Center
Project Description
Project Execution Strategy
Project Participants
Budget Estimating Process
Budget Estimates
Programming Budget Estimates
Schematic Design Budget Estimates
Design Development Budget Estimates
Budget Estimates for the Training Center
Design Status
Take-Off of Substantial Areas
Pricing Data
Budget Estimate Accuracy
Estimates for Preconstruction Services
Marketing for the General Contractor
The Request for Proposal
Development of the Preconstruction Services Estimate
Preconstruction Services Contract
Budget Control Log
Bid Contract Estimating Process
Pre-Estimate Activities
Estimating Process
Solicitation of Lump-Sum Bids
Invitation for Bid
Pre-Bid Meeting
Bid Date and Time
Bid Document Revisions
Personal Estimating Notebook
Order-of-Magnitude Estimates
Decision Whether or Not to Tender a Bid
Work Breakdown Structure
Estimating Team
Scheduling the Estimating Work
Subcontractors and Major Suppliers
Plan Centers and Rooms
Data Resources
Estimating Forms
Estimate Files
Electronic Spreadsheets
Accuracy and Error Prevention
Quality Take-Off
Basic Procedures
Substructure Concrete
Structural Steel
Rough Carpentry
Doors
Table of Contents provided by Publisher. All Rights Reserved.

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