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Construction Estimating: An Accounting and Productivity Approach

Construction Estimating: An Accounting and Productivity Approach


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About the Book

Table of Contents:
Preface xi; 1 Construction Estimating: Its Importance in the Construction Industry 1; Accurate Estimating: Fundamental to Success 1; Inaccurate Estimating: A Serious Industry Problem 2; Estimating: More Art than Science 4; Kinds of Estimates in the Construction Process 6; Types of Construction and Types of Contractors 11; Interdependence of Relationship Between Estimating, Accounting, and Productivity 17; Exercise 1.1 18; Exercise 1.2 19; Exercise 1.3 20; 2 Productivity Records: Ways to Determine Standards for Construction Estimating 21; Productivity Differently Defined by Those Differently Impacted 21; Productivity and Construction Estimating 22; Decline of Productivity and Lack of Productivity Standards 24; Productivity, Estimating, and the Environment 26; Productivity vs Unit Cost Standards 31; Accounting Versus Scientific Productivity Standards 33; Developing Scientific-Based Productivity Standards 37; Method Productivity Delay Model 40; The Production Function 50; Comparing Alternative Construction Methods 62; Exercise 2.1 64; Exercise 2.2 65; Exercise 2.3 66; 3 Cost Accounting: Terminology Relevant to the Construction Estimate 67; Definition of a Cost: Its Importance in Estimating 67; Different Types of Cost 68; Job-Order Costing 74; Standard Costs 78; The Measure of Cost as a Function of Time 85; Interest Formulas 86; Cost Indexes 92; Costs and Work Items 96; Exercise 3.1 99; Exercise 3.2 99; Exercise 3.3 100; 4 Project Owner's Estimate 101; Importance of the Feasibility Estimate 101; Measuring Project Benefits 102; Owner's Estimated Project Costs 104; Comparative Methods for Reckoning Costs 105; Income Tax Related Factors 111; Importance of Time-Value-of-Money Concepts to the Feasibility Estimate 115; Feasibility Estimate for an Office Building 119; Exercise 4.1 129; Exercise 4.2 130; Exercise 4.3 130; 5 Pre-Construction Design Estimates 131; The Importance of Pre-Construction (Preliminary) Estimates 131; Pre-Construction Estimates: When and Why Needed 132; Unit-Cost Estimates 134; Parameter Estimating 137; Factor Estimating 142; Range Estimating 144; Exercise 5.1 147; Exercise 5.2 148; Exercise 5.3 149; 6 Overview of the Detailed Contractor Estimate 150; Components of a Contractor Detailed Estimate / Bid 150; Quantity Take-Off 153; Pricing Labor and Material 154; Job Overhead 158; Putting all the Components Together to Form a Bid 160; Exercise 6.1 164; Exercise 6.2 165; Exercise 6.3 165; 7 Quantity Surveying: Fundamentals for Taking Off Quantities 166; Definition of Quantity Surveying 166; Definition of Work Items 167; Determining Units of Work for a Defined Work Item 169; Time and Accuracy: The Two Quantity Take-off Variables 171; Contract Documents 173; The Working Drawings 175; Specifications 188; Steps for an Accurate and Efficient Quantity Take-Off 190; Exercise 7.1 215; Exercise 7.2 215; Exercise 7.3 216; 8 How to Determine Direct Costs for the Project 217; Types of Direct Costs 217; Establishing Direct Costs 217; Accumulation of Direct Costs 219; Materials Costs 219; Labor Costs 224; Equipment Estimating Systems 230; Collecting and Processing Job Site Data 237; Factors that Distort Historical Data 239; Correlation: A Means of Forecasting 245; Exercise 8.1 247; Exercise 8.2 247; Exercise 8.3 248; 9 Integrating Estimating with Project Planning and Control: A Project Management System 250; Performing Project Management Functions as a System 250; Quantity Take-Off 251; Activity Planning 253; Estimating Direct Cost 256; Project Planning and Scheduling 257; Resource Scheduling 258; Cash Budgeting 260; Payroll 261; Cost Control 262; Accounting Reports 264; Example of a Manual Project Management Information System 265; Exercise 9.1 284; Exercise 9.2 286; Exercise 9.3 286; 10 Sitework and Excavation 289; Excavation Work for a Building Project 289; Types of Excavation Work: Definition of Work Items 291; Excavation Take-Off 300; Pricing Excavation / Sitework 309; The Queuing Model: An Aid in Selecting the Optimal Excavation Method 313; Exercise 10.1 319; Exercise 10.2 320; Exercise 10.3 321; 11 Concrete: Forming, Reinforcing, and Placement 322; The Use of Concrete in Buildings 322; Types of Concrete: Definition of Work Items 323; Taking Off Concrete Work 335; Pricing Concrete Work 354; Productivity Analysis and Estimating 363; Exercise 11.1 369; Exercise 11.2 369; Exercise 11.3 369; 12 Masonry Work: Brick and Block 372; Distinguishing Characteristics of Masonry Work 372; Definition of Masonry Work Items 373; Masonry Work Take-Off 378; Pricing Masonry Work 384; Productivity Analysis of Masons 387; Exercise 12.1 390; Exercise 12.2 391; Exercise 12.3 391; 13 Structural Steel 393; Structural Steel and Metals in a Building Project 393; Structural Steel Work Items 395; Taking-Off Structural Steel 401; Pricing Structural Steel Work 405; Productivity Analysis of Steel Work 406; Exercise 13.1 411; Exercise 13.2 411; Exercise 13.3 412; 14 Carpentry Work 413; The Varied Nature of Carpentry Work in a Building 413; Types of Carpentry Work 414; Quantity Take-Off of Carpentry 416; Pricing Carpentry Work 420; Productivity Analysis of Carpentry Work 422; Exercise 14.1 425; Exercise 14.2 425; Exercise 14.3 428; 15 Miscellaneous Work and Specialty Work 429; Work Typically Performed by Subcontractors 429; Miscellaneous Specialty Work 430; Impact of Project Organizational Structure 432; Evaluating Specialty Contractor Bids 434; Estimates for Electrical Work 436; Estimates for Plumbing Work 439; Estimate of Mechanical Work 440; Use of Historical Cost Books 442; Exercise 15.1 443; Exercise 15.2 444; Exercise 15.3 444; 16 Project and Company Overhead 446; Importance of Overhead Costs 446; Types of Job Overhead Costs 447; Construction Bonds 447; Insurances 449; Project Finance Cost 453; Other Job Overhead Expenses 466; Company Overhead 467; Exercise 16.1 471; Exercise 16.2 471; Exercise 16.3 473; 17 Determination of Contractor Profit 474; Definition of Profit 474; Profit Margin of Contractors 475; Profit: A Breakeven Analysis Approach 476; Contractor Profit Considerations 478; Bid Strategy 481; Exercise 17.1 491; Exercise 17.2 492; Exercise 17.3 492; 18 Computers and Estimating 494; Computers and Construction 494; The Technology of Computers 494; Computer Hardware 495; Computer Software 498; Batch Processing, On-line Processing, and Real-time Systems 498; Three Types of Computer Software 500; Industry Programs 506; Applications of Computers to Estimating 507; Future Applications of Computers to Construction 511; Appendix A 513; Appendix B 523; Index 527


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Product Details
  • ISBN-13: 9780875634395
  • Publisher: Stipes Publishing Co ,U.S.
  • Publisher Imprint: Stipes Publishing
  • Edition: Revised edition
  • Language: English
  • Sub Title: An Accounting and Productivity Approach
  • ISBN-10: 0875634397
  • Publisher Date: 01 Jan 1993
  • Binding: Hardback
  • Height: 140 mm
  • Returnable: N


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