The essential, authoritative guide to providing accurate, systematic, and reliable estimating for construction projects - newly revised
Pricing and bidding for construction work is at the heart of every construction business, and in the minds of construction consultants’ poor bids lead to poor performance and nobody wins. New Code of Estimating Practice examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works, both in the public and private sectors. It embodies principles that are applicable to any project regardless of size or complexity.
This authoritative guide has been completely rewritten to include much more contextual and educational material as well as the code of practice. It covers changes in estimating practice; the bidding process; the fundamentals in formulating a bid; the pre-qualification process; procurement options; contractual arrangements and legal issues; preliminaries; temporary works; cost estimating techniques; risk management; logistics; resource and production planning; computer-aided estimating; information and time planning; resource planning and pricing; preparation of an estimator’s report; bid assembly and adjudication; pre-production planning and processes; and site production.
- Established standard for the construction industry, providing the only code of practice on construction estimating
- Prepared under the auspices of the Chartered Institute of Building and endorsed by a range of other professional bodies
- Completely rewritten since the 7th edition, to include much more contextual and educational material, as well as the core code of practice
New Code of Estimating Practice is an important book for construction contractors, specialist contractors, quantity surveyors/cost consultants, and for students of construction and quantity surveying.
Table of Contents
Foreword xi
Glossary xiii
Code of estimating and tendering practice – principles and procedures xxv
Section One Principles – the theory and background 1
1 Introduction 3
2 The Fundamentals 7
3 Changes driving estimating practice 13
4 The bid process 17
5 Health and safety 25
6 The pre-qualification process 31
7 Procurement, selection, contractual arrangements and legal issues 37
8 Preliminaries 51
9 Temporary Works 81
10 Cost-estimating techniques 103
11 Private finance initiative/public–private partnerships/build, operate and transfer, and whole-life costing 113
12 Risk management 115
13 Logistics 121
14 Resource and production planning 129
15 Computer-aided cost estimating 135
16 BIM and the estimating process 137
Section Two Processes – the practice 139
1 Consider and assess 141
2 Information and time planning 153
3 Contract terms and conditions 171
4 Resource planning and pricing 175
5 Prepare estimator’s report 211
6 Examine and consider 215
7 Bid assembly and adjudication 219
8 Pre-production planning and processes 225
9 Site production 231
Bibliography and References 235
Index 241
