Construction Management. 4th Edition International Student Version

  • ID: 2241789
  • Book
  • Region: Global
  • 384 Pages
  • John Wiley and Sons Ltd
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The construction professional has to be a jack of all trades, and master of all. This text covers a wide range of subjects, reflecting the breadth of knowledge needed to understand the dynamics of this large and complex industry.

This edition introduces extended coverage in the scheduling area to address more advanced and practice oriented procedures such as Start to Start, Finish to Finish, and similar relationship between activities in a network schedule.

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1 History and Basic Concepts.

Bridges and History.

1.1 Historical Perspective.

1.2 Great Captains of Construction.

1.3 Panama Canal.

1.4 Other Historic Projects.

1.5 Construction versus Manufacturing Processes.

1.6 Project Format.

1.7 Project Development.

1.8 Construction Technology and Construction Management.

1.9 Construction Management Is Resource Driven.

1.10 Construction Industry.

1.11 Structure of the Construction Industry.

1.12 Differing Approaches to Industry Breakdown.

1.13 Management Levels of Construction.

Review Questions and Exercises.

2 Preparing the Bid Package.

Online Plan Rooms.

2.1 Project Concept and Need.

2.2 Establishing Need.

2.3 Formal Need Evaluation.

2.4 Conceptual Drawings and Estimates.

2.5 Preliminary and Detail Design.

2.6 Notice To Bidders.

2.7 Bid Package.

2.8 General Conditions.

2.9 Supplementary Conditions.

2.10 Technical Specifications

2.11 Addenda.

2.12 The Estimate and the Decision to Bid.

2.13 Prequalification.

2.14 Subcontractor and Vendor Quotations/Contracts.

2.15 Bid Bond.

2.16 Performance and Payments Bonds.

2.17 Cost and Requirements for Bonds.

Review Questions and Exercises.

3 Issues During Construction Phase.

Project Rework Reduction.

3.1 Acceptance Period/Withdrawal.

3.2 Award of Contract/Notice to Proceed.

3.3 Contract Agreement

3.4 Time Extensions.

3.5 Change Orders.

3.6 Changed Conditions.

3.7 Value Engineering.

3.8 Suspension, Delay, or Interruption.

3.9 Liquidated Damages.

3.10 Progress Payments and Retainage.

3.11 Progress Reporting.

3.12 Acceptance and Final Payment.

3.13 Summary.

Review Questions and Exercises.

4 Construction Contracts.

Web–Based Contracts.

4.1 Contract Environment.

4.2 Process of Purchasing Construction.

4.3 Major Construction Contract Types.

4.4 Competitively Bid Contracts.

4.5 Stipulated–Sum Contracts.

4.6 Unit–Price Contracts.

4.7 Negotiated Contracts.

4.8 Project Delivery Methods.

4.9 Design–Build Contracts.

4.10 Design–Build in a Consortium Format.

4.11 Construction Management (CM) Contracts.

4.12 Construction Management At–Risk.

4.13 Comparing Project Delivery Methods.

Review Questions and Exercises.

5 Legal Structure.

Joint Venturing.

5.1 Types of Organization.

5.2 Legal Structure.

5.3 Proprietorship

5.4 Partnership.

5.5 Corporation.

5.6 Comparison of Legal Structures.

Review Questions and Exercises.

6 Impact of Taxes.

6.1 Introduction.

6.2 Why Taxes?

6.3 Types of taxes.

6.4 Income Tax Systems.

6.5 Taxation of Businesses.

6.6 Business Deductions in General.

6.7 Taxable income: individuals.

6.8 Itemized deductions, standard deductions and personal exemptions.

6.8 The Tax Significance of Depreciation.

6.9 Marginal Tax Rates.

6.10 Tax credits.

6.11 Tax payroll Withholding.

6.12 Tax payment schedules

6.13 Marginal, average and effective tax rates.

6.14 Net Operating Losses.

6.15 Summary.

Review Questions and Exercises.

7 Project Planning.

Building Information Modeling.

7.1 Introduction.

7.2 Developing the Work Breakdown Structure.

7.3 A Work Breakdown Example.

7.4 Work Packages for the Gas Station Project.

7.5 Determining Sequence of Work Packages

7.6 Estimate Development and Cost Control Related to the WBS.

7.7 Role of Code of Accounts.

7.8 Summary.

Review Questions and Exercises.

8 Project Scheduling.

4D Modeling.

8.1 Introduction.

8.2 Estimating activity durations.

8.3 Bar charts

8.4 Activity Precedence Diagrams.

8.5 Generalized relationships.

8.6 Overview of the CPM scheduling procedure.

8.7 Forward Pass (traditional relationships).

8.8 Backward Pass (traditional relationships).

8.9 Critical path.

8.10 Activity floats.

8.11 Scheduling the Small Garage project.

8.12 Generalized Relationship Scheduling Computations.

8.13 Working to Calendar Dates.

8.14 Summary.

REVIEW QUESTIONS AND EXERCISES.

9 Scheduling PERT Networks and Linear Operations.

Lean Construction.

9.1 Introduction.

9.2 An Example PERT Network.

9.3 PERT Shortcomings.

9.4 Linear Construction Operations.

9.5 Production Curves.

9.6 Line–Of–Balance Concepts.

9.7 LOB Applied to Construction.

Review Questions and Exercises.

10 The Mathematics of Money.

Using Life Cycle Cost to Assess Sustainable Construction Costs.

10.1 Introduction.

10.2 Interest in Action.

10.3 Time value of money.

10.4 Interest.

10.5 Simple and compound interest.

10.6 Nominal and effective rate.

10.7 Equivalence and MARR.

10.8 Discount Rate.

10.9 Importance of Equivalence.

10.10 Sunk Costs.

10.11 Cash flow diagrams.

10.12 Annuities.

10.13 Conditions for Annuity Calculations.

10.14 Calculating the Future Value of a Series of Payments.

10.15 Summary of equivalence formulas.

10.16 Worth Analysis Techniques: An Overview.

10.17 Present Worth Analysis.

10.18 Equivalent Annual Worth (EAW).

10.19 Internal Rate of Return.

10.20 Limitations of the IRR method.

10.21 A Practical Example Using PW Analysis.

10.22 Comparison Using EAW.

10.23 Summing Up.

Review Questions and Exercises.

11 Project Cash Flow.

Scenario Testing.

11.1 Cash Flow Projection.

11.2 Cash Flow to the Contractor.

11.3 Overdraft Requirements.

11.4 Comparison of Payment Schemes.

Review Questions and Exercises.

12 Project Funding.

Build Operate and Transfer (BOT).

12.1 Money, A Basic Resource.

12.2 Construction Financing Process.

12.3 Long–Term Pro Forma Example

12.4 Mortgage Loan Commitment.

12.5 Construction Loan.

12.6 Owner Financing Using Bonds.

Review Questions and Exercises.

13 Equipment Ownership.

RFID Application in Construction.

13.1 General.

13.2 Equipment Owning and Operating Costs

13.3 Depreciation of Equipment.

13.4 Straight–Line Method.

13.5 Declining Balance.

13.6 Production Method.

13.7 Depreciation Based On Current Law.

13.8 Depreciation Versus Amortization.

13.9 Interest, Insurance, and Tax (IIT) Costs.

13.10 Operating Costs.

13.11 Overhead and Markup.

Review Questions and Exercises.

14 Equipment Productivity.

Laser Based Machine Control.

14.1 Productivity Concepts.

14.2 Cycle Time and Power Requirements.

14.3 Power Available.

14.4 Usable Power.

14.5 Equipment Balance.

14.6 Random Work Task Durations.

Review Questions and Exercises.

15 Construction Labor.

Biometric Identification Recognition.

15.1 Labor Resource.

15.2 Short History of Labor Organizations.

15.3 Early Labor Legislation.

15.4 Norris–Laguardia Act.

15.5 Davis Bacon Act.

15.6 National Labor Relations Act.

15.7 Fair Labor Standards Act.

15.8 Union Growth.

15.9 Labor Management Relations Act.

15.9 Other Labor Legislation.

15.10 Vertical Versus Horizontal Labor Organization Structure.

15.11 Jurisdictional Disputes.

15.12 Union Structure.

15.13 National Unions.

15.14 State Federations and City Centrals.

15.15 Union Locals.

15.16 Union Hiring Halls.

15.17 Secondary Boycotts.

15.18 Open–Shop and Double–Breasted Operations.

15.19 Labor Agreements.

15.20 Labor Costs.

15.21 Average Hourly Cost Calculation.

Review Questions and Exercises.

16 Estimating Process.

Estimating Using Hand–Held Devices.

16.1 Estimating Construction Costs.

16.2 Types of Estimates.

16.3 Detailed Estimate Preparation.

16.4 Definition of Cost Centers.

16.5 Quantity Takeoff.

16.16 Methods of Detailed Cost Determination.

16.17 Problems with Unit–Cost Method.

16.18 Resource Enumeration.

16.19 Work Package or Assembly–Based Estimating.

16.20 Summary.

Review Questions and Exercises.

17 Cost Control.

LEED Certification.

17.1 Cost Control as a Management Tool.

17.2 Project Cost Control Systems.

17.3 Cost Accounts.

17.4 Cost Coding Systems.

17.5 Project Cost Code Structure.

17.6 Cost Accounts for Integrated Project Management.

17.7 Earned Value Method.

17.8 Labor Cost Data Collection.

17.9 Charges for Indirect and Overhead Expense.

17.10 Project Indirect Costs.

17
11 Fixed Overhead.

17.12 Considerations in Establishing Fixed Overhead.

Review Questions and Exercises.

18 Materials Management.

Fiber Reinforced Polymer Rebar.

18.1 Material Management Process.

18.2 The Order.

18.3 Approval Process.

18.4 Fabrication and Delivery Process.

18.5 Installation Process.

18.6 Material Types.

Review Questions and Exercises.

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Daniel W. Halpin
Bolivar A. Senior
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