This latest edition of the classic quantity surveying textbook retains its basic structure and has been thoroughly updated to reflect recent changes in the industry – especially in procurement.
The technologies underpinning BIM (Building Information Modelling) are emerging apace, the issue is perhaps a cultural one and the notion of enhanced collaborative working requires an awareness of procurement systems, client relationships and the wider project environment all topics addressed within the text.
In Ferry & Brandon s Cost Planning of Buildings, 9th edition updates have been made to the procurement and contracts content, mainly to reflect the success of NEC3 in the delivery of important infrastructure schemes like London 2012 and Crossrail. The remainder of the text has been freshened up to reflect other changes such as the new RIBA Plan of Work 2013 and the RICS New Rules of Measurement.
Designed to support the core cost planning studies covered by students of quantity surveying and construction management, it provides a platform for understanding the fundamental importance of effective cost planning practice. The principles of elemental cost planning are covered from both pre– and post– contract perspectives; the role of effective briefing and client/stakeholder engagement as best practice is also reinforced in this text.
There are some basic concepts of cost planning that will remain constant (even in the advent of BIM), so familiar readers will pleased to note that the core principles of Ferry and Brandon remain throughout and this leading textbook continues to provide a comprehensive introduction to the practice and procedures of cost planning in the procurement of buildings.
About the Authors vii
Contributors to the Ninth Edition viii
Preface to the First Edition ix
Preface to the Ninth Edition x
Nomenclature and Acronyms xii
About the Companion Website xiv
1. An Overview of Cost Planning 3
2. Building Information Modelling 13
3. A Three–Stage Cost Planning Strategy 23
PHASE I: COST PLANNING AT THE BRIEFING STAGE
4. Developers Motivations and Needs 31
5. Client Identification and the Briefing Process: Aligning the Client Need with the Brief and the Budget 39
6. The Economics of Cost Planning: The Time Value of Money and Cash Flow 59
7. Whole Life Planning: The Methodology of Whole Life Cycle Costing and Design for Sustainability 75
8. Construction Procurement and the Relationship with Project Costs 91
PHASE II: COST PLANNING AT THE DESIGN STAGE
9. The Design Process and the Project Life Cycle 109
10. Standard Methods of Cost Modelling in Design 128
11. Cost and Performance Data: Sourcing and Application to the Cost Plan 160
12. Construction Cost Indices 182
13. Cost Planning the Brief 195
14. Cost Planning at the Scheme Design Stage 209
PHASE III: COST PLANNING AND CONTROL AT PRODUCTION AND OPERATIONAL STAGES
15. Planning and Managing Project Resources and Costs 231
16. Resource–Based Cost Models 257
17. Cost Control (1): Final Design and Production Drawing Stage 270
18. Cost Control (2): Real Time 280
19. Cost Planning and Control of Refurbishment, Life Cycle Renewal and Repair Work 300
Appendix: Discounting and interest formulae and tables 307