Construction Cost Management: Learning from Case Studies / Edition 2

by Keith Potts, Nii Ankrah

Overview

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.

Product Details

ISBN-13:	9780415629133
Publisher:	Taylor & Francis
Publication date:	01/23/2014
Edition description:	Revised
Pages:	392
Product dimensions:	6.88(w) x 9.69(h) x (d)

About the Author

Keith Potts is a former Principal Lecturer at the School of Technology, University of Wolverhampton. He was an external examiner in Quantity Surveying and Award Leader of the RICS accredited MSc in Construction Project Management.

Nii A Ankrah is a Senior Lecturer at the School of Technology, University of Wolverhampton, UK. He lectures in Quantity Surveying, Commercial Management and Construction Project Management both in the UK and overseas.

Table of Contents

Part 1: Introduction 1. Introduction and Overview 2. Reports and Recommendations Part 2: Management of the Pre-contract Stage 3. Selecting the Cosultants and Contractors 4. Pre-contract Cost Management 5. Cost Management on PFI Projects 6. Contractor's Estimating and Tendering Part 3: Key Tools and Techniques 7. Value Management 8. Risk Management 9. Whole-life Costing Part 4: Procurement Strategies 10. Organizational Methods 1 11. Organizational Methods 2 12. Payment Systems and Contract Administration Part 5: Management of the Post-contract Stage 13. Contractors' Cost Control and Monitoring Procedures 14. Change Management – Valuing Variations 15. Claims Management Part 6: Contracts and Case Studies 16. The Engineering and Construction Contract 17. FIDIC Standard Forms of International Construction Contract 18. Case Study: Heathrow Terminal 5

What People are Saying About This

From the Publisher

'There was no difficulty in reviewing this excellent publication ...it is a very well written book, it is readable, it is a valuable resource and it is a very useful tool for practitioners'

- Building Engineer magazine

'This is an excellent book providing an invaluable practical perspective on the cost management of construction projects.'

- Ronald McCaffer, Co-operative Network for Building Researchers

'For those engaged in teaching cost management, this work will make an excellent foundation upon which to build further detail and upon which to found their lectures.'

- Construction Management and Economics

Editorial Reviews

Praise for the First edition

'A very well written book, it is readable, it is a valuable resource and it is a very useful tool for practitioners... anyone involved in cost manahement will find much useful theory and case studies as well as advice.' Building Engineer

'Provides a good overview in a chatty style while taking a very practical approach... A valuable addition to the literature. It will serve well as an undergraduate text... For those engaged in teaching cost management, this work will make an excellent foundation.' Construction Management and Economics

From the Publisher