Cost Estimating and Contract Pricing


Book Description

The process of estimating the cost for the development and delivery of a product, service, or solution can range from simple to highly complex based upon multiple factors including: technology maturity, urgency, geographic location, quantity, quality, availability of resources, hardware and software, systems integration and more. This book provides a comprehensive discussion of cost estimating and contract pricing with extensive use of tools, techniques, and best practices from both the public and private sectors. Key topics of discussion include: Cost estimating methods Cost accounting standards Cost analysis Profit analysis Contract pricing arrangements Price analysis Total ownership cost Earned value management systems




Building Construction Estimating


Book Description

Building Construction Estimating furnishes readers with specific details on how a general building contractor derives the cost of a project before it begins, and how the estimate fits into the total construction process. The book provides coverage of such areas as determining labor productivity and wages, selecting equipment and assigning productivity rates and costs, acquiring specialty contractor prices, and assigning overhead costs and profit. The material is presented from the point of view of a general contractor working on a competitively bid stipulated-sum (lump-sum) contract. However, other contract methods and the effects they have on the estimating process are also discussed. Furthermore, the principles of estimating for the specialty trades are discussed from the reference of a general building contractor, and how the subcontractor's bid will affect the total project cost is presented. Of special note is the book's introduction and utilization of computers in the estimating process - enabling readers to utilize new technology in an effective and efficient manner. The book is organized in a way that first teaches the reader to perform many of the estimating activities manually, then guides them in developing a computer spreadsheet. The use of spreadsheets empowers the reader to go beyond the manual calculations and develop new and more proficient solutions to estimating problems.




Introduction to Estimating for Construction


Book Description

Students and professionals encountering estimating for the first time need an approachable introduction to its principles and techniques, which is up to date with current practice. Introduction to Estimating for Construction explains both the traditional techniques, and best practice in early contractor involvement situations, within the framework of modern construction procurement. As well as introducing different estimating techniques, it includes: The nature of costs in construction from a cost of resources approach Modern tendering procedures and the stages of development of construction projects How to convert an estimate into a formal tender and then into a contract Simple numerical examples of estimates Estimating and cost analysis during the construction project Summaries and discussion questions in every chapter This is an easy to read introduction to building estimating for undergraduate students, or anyone working in a quantity surveying or construction commercial management role who needs a quick reference.




Estimating Building Costs for the Residential and Light Commercial Construction Professional


Book Description

How to succeed in the construction business step-by-step guidelines for estimating To be competitive, contractors and homebuilders need to know how to generate complete, accurate estimates for labor and material costs. This book guides readers through the entire estimating process, explaining in detail how to put together a reliable estimate that can be used not only for budgeting, but also for developing a schedule, managing a project, dealing with contingencies, and ultimately making a profit. Completely revised and updated to reflect the new CSI MasterFormat 2010TM system, the Second Edition of this practical guide describes estimating techniques for each building system and how to apply them according to the latest industry standards. Cost considerations and quantity takeoff and pricing are included for virtually every type of work found in residential and light commercial projects, from demolition, concrete, and masonry to windows and doors, siding, roofing, mechanical and electrical systems, finish work, and site construction. Complete with many new graphics and references to professional construction cost databases, the new edition provides experienced contractors and novices alike with essential information on: How to correctly interpret plans and specifications, reflecting updates to contract documents since the first edition Computer estimating techniques and new estimating software for performing quantity takeoff The best methods for conceptual estimating as well as the extremely useful topic of parametric estimating How to allocate the right amounts for profit and contingencies, and other hard-to-find professional guidance How a unit price estimate is built along with labor issues and budgeting for subcontractor work




Landscape Estimating and Contract Administration


Book Description

"Landscape Estimating and Contract Administration" provides descriptions of various stages of a landscape project, from the feasibility study to the expiration of the guarantee period. This comprehensive guide to the landscape business presents an overall view of the process of completing a large landscape project, and helps foster an understanding of how the landscape industry works. Topics include how to create estimates, engaging in the bidding process, how to prepare contracts, how to prepare a budget, and how to utilize financial accounting.







Estimating and Tendering for Construction Work


Book Description

Estimators need to understand the consequences of entering into a contract, often defined by complex conditions and documents, as well as to appreciate the technical requirements of the project. Estimating and Tendering for Construction Work, 5th edition, explains the job of the estimator through every stage, from early cost studies to the creation of budgets for successful tenders. This new edition reflects recent developments in the field and covers: new tendering and procurement methods the move from basic estimating to cost-planning and the greater emphasis placed on partnering and collaborative working the New Rules of Measurement (NRM1 and 2), and examines ways in which practicing estimators are implementing the guidance emerging technologies such as BIM (Building Information Modelling) and estimating systems which can interact with 3D design models With the majority of projects procured using design-and-build contracts, this edition explains the contractor’s role in setting costs, and design statements, to inform and control the development of a project’s design. Clearly-written and illustrated with examples, notes and technical documentation, this book is ideal for students on construction-related courses at HNC/HND and Degree levels. It is also an important source for associated professions and estimators at the outset of their careers.




Estimating, bidding, scheduling


Book Description

This book includes step-by-step instructions for estimating and bidding all phases of construction - to help you make a decent profit.




Estimating and Bidding for Heavy Construction


Book Description

Disk contains: CSUC, CHICO Cost-estimating program, LOAD-AND-HAUL programs for off-highway end-dump trucks and push-loaded scrapers, and an indirect cost computer spreadsheet template.




Markup & Profit


Book Description

In order to succeed in a construction business you have to be able to mark up the price of your jobs to cover overhead expenses and make a decent profit. The problem is how much to mark it up. You don't want to lose jobs because you charge too much, and you don't want to work for free because you've charged too little. If you know how much to mark up you can apply it to your job costs and arrive at the right sales price for your work. This book gives you the background and the calculations necessary to easily figure the markup that is right for your business. Includes a CD-ROM with forms and checklists for your use.