Cost Management of Construction Projects

Author: Donald Towey
Publisher: John Wiley & Sons
ISBN: 1118473809
Format: PDF, ePub
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The cost manager/quantity surveyor plays a pivotal role in thefinancial and contract management of construction projects,although the exact nature of the service they provide depends onthe project employer’s terms of engagement. This can meanacting as consultant in a range of roles including cost andadvisory services for budget setting to initiate a project, costmanagement through the design and construction phases, contractadministration and acting as the client side project manager tooversee the entire building process. Cost Management of Construction Projects focusses on thecost manager/quantity surveyor engaged by the project client, anddiscusses key elements that help drive project success includingmeasurement (based on the New Rules of Measurement published byRICS), procurement, cost planning, contract administration andproject cost management. With examples, it provides a thoroughguide to the role in the workplace and in the field, directlyaddressing the day to day situations faced by the costmanager/quantity surveyor. Donald Towey MRICS has extensive experience of theconstruction industry. His experience began as an estimator with aglass/glazing contractor in Manchester. Following a number ofpositions with UK contractors he relocated to Australia and hasworked with a number of developers and main contractors, as well asdoing freelance work. He is currently working in contractsmanagement in Sydney.

Cost Accounting and Financial Management for Construction Project Managers

Author: Len Holm
Publisher: Routledge
ISBN: 1351376942
Format: PDF, ePub, Mobi
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Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner’s perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer’s pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs.

Integrated Cost and Schedule Control for Construction Projects

Author: Frederick W. Mueller
Publisher: Springer Science & Business Media
ISBN: 1461597501
Format: PDF, Kindle
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Management and administrative processes within the construction industry have been undergoing major changes in the last several decades. These changes have involved significant adjustments in management science and manage ment techniques, brought about by the need for contemporary valid informa tion with which to manage the construction process. In short, management in the construction industry is changing significantly; change will continue at an accelerated pace at least through the next decade. The responses required of construction industry management are now resulting in a movement away from an entrepreneurial management style to professional management tech niques and procedures. THE COMPELLING ECONOMIC ISSUES The issues forcing these changes are economic. The rising costs of construction and of money are forcing the buyers of construction services to be more demanding. Their demands are for more construction economies, more pro duction, and more productivity than at any time in the past. Nowhere has this been more evident than in the Business Roundtable on construction and in the response of the construction industry to it.· To be successfully responsive, management in the construction industry will be required to use the best project management methods available for cost control, schedule control, and for financial and accounting controls. But responsive professional management can survive and will flourish within this more demanding eco nomic environment.

Construction Project Management

Author: K. K. Chitkara
Publisher: Tata McGraw-Hill Education
ISBN: 9780074620625
Format: PDF, Kindle
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The book approaches the subject of planning with a new perspective. It focuses on time planning, resources planning and planning of control systems. Alive with numerous examples from projects handled by the author, this book describes how to plan construction projects and execute them efficiently with minimum variation in schedules. The book is divided into four parts: Introduction: It covers nature of construction industry, highlights salient features of construction project management and outlines the approach for planning construction projects;Time Planning: It describes the methodology for breaking down project work into activities, developing workpackage networks, integrating these networks into project network plan and scheduling the network plan for finalising calendar-time oriented construction programs; Resources Planning: It includes methodology for planning manpower, construction materials, plant and machinery, and costs. Planning Control System: It deals with organising control system; methodology for controlling resources productivity, costs and time; codifying planning system and computerising planning and control functions.

Construction Cost Management

Author: Keith Potts
Publisher: Routledge
ISBN: 1135013454
Format: PDF
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In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas. Best practice from pre-contract to post-contract phases of the project life-cycle are illustrated using major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics as case studies. More worked examples, legal cases, case studies and current research have been introduced to cover every aspect of the cost manager’s role. Whole-life costing, value management, and risk management are also addressed, and self-test questions at the end of each chapter support independent learning. This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities.

Handbook of Construction Management

Author: Abdul Razzak Rumane
Publisher: CRC Press
ISBN: 1482226650
Format: PDF, Docs
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The book is developed to provide significant information and guidelines to construction and project management professionals (owners, designers, consultants, construction managers, project managers, supervisors, contractors, builders, developers, and many others from the construction-related industry) involved in construction projects (mainly civil construction projects, commercial-A/E projects) and construction-related industries. It covers the importance of construction management principles, procedures, concepts, methods, and tools, and their applications to various activities/components/subsystems of different phases of the life cycle of a construction project. These applications will improve the construction process in order to conveniently manage the project and make the project most qualitative, competitive, and economical. It also discuss the interaction and/or combination among some of the activities/elements of management functions, management processes, and their effective implementation and applications that are essential throughout the life cycle of project to conveniently manage the project. This handbook will: Focus on the construction management system to manage construction projects Include a number of figures and tables which will enhance reader comprehension Provide all related topics/areas of construction management Be of interest to all those involved in construction management and project management Provide information about Building Information Modeling (BIM), and ISO Certification in Construction Industry Offer a chapter on Lean construction The construction project life cycle phases and its activities/elements/subsystems are comprehensively developed and take into consideration Henri Fayol's Management Function concept which was subsequently modified by Koontz and O'Donnel and Management Processes Knowledge Areas described in PMBOK® published by Project Management Institute (PMI). The information available in the book will also prove valuable for academics/instructors to provide construction management/project management students with in-depth knowledge and guidelines followed in the construction projects and familiarize them with construction management practices.

Project Management in Construction

Author: Dennis Lock
Publisher: CRC Press
ISBN: 1317075102
Format: PDF, Docs
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The one thing that all well-run, profitable construction projects have in common is that they benefit from good project managers. People who have the skills to plan the project, manage it and keep it on track whenever tight timescales, costs, people or other difficulties threaten to derail it. The good news is that there is no secret art to project management. These are the skills that any manager can learn and use. Project Management in Construction is a practical, easy-to-read guide to defining, organizing, planning, and executing a construction project so that it is completed to the satisfaction of the principal stakeholders. The book is part of the Leading Construction Series co-published by Gower and CITB-ConstructionSkills. The Leading Construction Series is part of a CITB-ConstructionSkills initiative to develop management skills within the industry. The books in this series are designed to be essentially practical, with a firm grounding in the construction industry.

Management of Construction Projects

Author: John E. Schaufelberger
Publisher: Taylor & Francis
ISBN: 1315529084
Format: PDF, ePub, Docs
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Unlike the majority of construction project management textbooks out there, Management of Construction Projects takes a distinctive approach by setting itself in the context of a single and real-world construction project throughout and also by looking at construction project management from the constructor’s perspective. This project-based learning approach emphasizes the skills, knowledge, and techniques students require to become successful project managers. This second edition uses a brand new, larger, and more challenging case study to take students through key stages of the process, including: contracts and subcontracting; estimating, scheduling, and planning; supply chain and materials management; cost control, quality, and safety; project leadership and ethics; and claims, disputes, and project close-outs. Also new to this edition is coverage of emergent industry trends such as LEAN, LEED, and BIM. The book contains essential features such as review questions, exercises, and chapter summaries, while example plans, schedules, contracts, and other documents are stored on a companion website. Written in straightforward language from a constructor’s perspective, this textbook gives a realistic overview and review of the roles of project managers and everything they need to know in order to see a successful project through from start to finish.

Project Life Cycle Economics

Author: Massimo Pica
Publisher: Routledge
ISBN: 1317075188
Format: PDF, ePub, Mobi
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The financing of modern construction projects reflects the need to address the costs and benefits of the whole life of the project. This means that end of life economics can now have a far greater impact on the planning and feasibility phases. During the project itself, decisions on construction materials and processes all influence the schedule as well as both immediate and down-the-line costs. Massimo Pica and his co-authors explain in detail the fundamentals of project life cycle economics and how they apply in the context of complex modern construction. This is an essential guide for those involved in construction project design, tendering and contracting; to help ensure the sustainability of the project or their contribution to it, from the start. It is also important for those involved in the delivery of the project to help them make the choices to keep the project on a financial even keel. Government, corporations and other organizations are looking for new models of collaborative working to fund their large construction and infrastructure projects in the face of changing attitudes to risk; a better educated and more demanding base of end-user clients and the increasing requirements for projects that are environmentally responsible and sustainable. Project Life Cycle Economics is a fundamental primer for those commissioning and those delivering construction.

Construction Cost Engineering Handbook

Author: Anghel Patrascu
Publisher: CRC Press
ISBN: 9780824778279
Format: PDF, Mobi
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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.