Finance and control for construction / Chris March.

By:

March, Chris

Material type: Text

TextPublication details: London : Spon Press, 2009.Description: xii, 242 p. : ill. ; 25 cmISBN:

9780415371155 (pbk.)

Subject(s):

DDC classification:

690.0681 MAR

Holdings
Item type	Current library	Call number	Copy number	Status	Date due	Barcode
Standard Loan	Moylish Library Main Collection	690.0681 MAR (Browse shelf(Opens below))	1	Available		39002100598466

Enhanced descriptions from Syndetics:

Drawing on a wealth of practical experience, both in the construction industry and teaching students, Chris March presents this study of construction management and the major aspects of controlling the building process.

Covering the stages from the client's initiation, to the final handover of the building, March includes evidence from those currently working in the industry, and covers the key industry requirements: knowing that in today's market place, those entering the field must be aware of how projects are financed and controlled, and to financially run and maintain a building.

Finance and Control for Construction examines the various stages, from development, through the design, to procurement and post-contract processes, and culminates in a discourse on facilities management.

This book is written with a down-to-earth approach, with evidence supporting theories and principles, and is a book that students of construction management and related subjects need if they wish to succeed in the field.

Formerly CIP. Uk

Includes bibliographical references and index.

Table of contents provided by Syndetics

List of figures (p. x)
List of tables (p. xi)
Introduction (p. 1)
1 The development process: the main participators (p. 4)
1.1 Landowners (p. 4)
1.2 Private developers (p. 7)
1.3 Public-sector and government agencies (p. 8)
1.4 Planners (p. 9)
1.5 Financial institutions (p. 10)
1.6 Agents (p. 10)
1.7 Building contractors (p. 11)
1.8 Project design and development team (p. 11)
1.9 Objectors (p. 18)
1.10 Occupiers (p. 19)
2 Sources of finance (p. 21)
2.1 Insurance companies and pension funds (p. 21)
2.2 Banks (p. 22)
2.3 Private person (p. 23)
2.4 Building societies (p. 23)
2.5 Government and EC funding (p. 23)
3 Valuation and development appraisal (p. 25)
3.1 Introduction (p. 25)
3.2 Cost elements (p. 26)
3.3 Development valuation techniques (p. 34)
3.4 Risk analysis and sensitivity analysis (p. 39)
3.5 Mathematics of valuation (p. 42)
4 Introduction to design economics (p. 47)
4.1 RIBA Plan of Work (p. 47)
4.2 Factors affecting the cost of the building (p. 49)
5 Approximate estimating (p. 55)
5.1 Introduction (p. 55)
5.2 Methods (p. 55)
5.3 Functional unit method (p. 56)
5.4 Superficial area method (p. 56)
5.5 Elemental cost plan (p. 57)
5.6 Approximate quantities techniques (p. 57)
6 Whole-life costing and life-cycle assessment (p. 61)
6.1 Definitions (p. 61)
6.2 Introduction (p. 61)
6.3 Cost centres (p. 63)
6.4 Period of analysis (p. 63)
6.5 Factors affecting life expectancy (p. 64)
6.6 Data for whole-life costing (p. 67)
6.7 Issues to be considered at the design stage for whole-life costing (p. 68)
6.8 Is whole-life costing effective? (p. 72)
6.9 Life-cycle assessment (p. 73)
6.10 Whole building environmental assessment (p. 74)
6.11 The future and sustainable building development (p. 76)
7 Value management or engineering (p. 78)
7.1 Introduction (p. 78)
7.2 Functional performance (p. 79)
7.3 Methodology or sequence of events (p. 80)
7.4 When valuation engineering should be applied (p. 84)
7.5 Functional analysis method (p. 84)
7.6 Function cluster groups (p. 85)
8 Procurement methods and types of contract (p. 88)
8.1 Traditional methods of procurement (p. 89)
8.2 Design and build (p. 91)
8.3 Construction management (p. 92)
8.4 Management contracting (p. 94)
8.5 Partnering (p. 94)
8.6 Alliancing (p. 97)
8.7 Private-Public Partnerships and Private Finance Initiatives (p. 98)
8.8 Prime costing (p. 98)
8.9 ProCure21 (p. 99)
8.10 Apportioning risk (p. 100)
9 Standard Method of Measurement and bills of quantities (p. 102)
9.1 Introduction (p. 102)
9.2 The Standard Method of Measurement (p. 102)
9.3 Composition of SMM7 (p. 103)
9.4 Preliminaries (p. 105)
9.5 Preliminaries classification expounded (p. 106)
9.6 The bills of quantities (p. 122)
10 Estimating and tendering procedures (p. 125)
10.1 Introduction (p. 125)
10.2 Selection and invitation to tender (p. 127)
10.3 Tender documentation (p. 128)
10.4 The decision to tender (p. 129)
10.5 Managing the estimating process (p. 131)
10.6 Completing the bills (p. 134)
10.7 Building up the costs of an item (p. 134)
10.8 Calculating labour costs (p. 135)
10.9 Building up material rates (p. 144)
10.10 Cost of plant (p. 148)
10.11 Calculating and pricing unit rates (p. 151)
10.12 Costing the preliminaries (p. 151)
10.13 Sub-contractors' and suppliers' quotations (p. 164)
10.14 Selection and invitation to tender - sub-contractors (p. 169)
10.15 Opening of tenders (p. 170)
10.16 Suppliers' quotations (p. 172)
10.17 Method statements (p. 173)
10.18 Tender programme (p. 175)
10.19 Cash flow (p. 176)
10.20 Overheads and profit (p. 176)
10.21 Bringing the tender information together for final review (p. 180)
10.22 Final review meeting (p. 183)
10.23 Final adjustments and submitting the tender documents (p. 185)
10.24 Vetting of tenders (p. 187)
10.25 Risk and uncertainty in estimating (p. 188)
10.26 Computerised estimating (p. 190)
11 Bidding strategy (p. 194)
11.1 Introduction (p. 194)
11.2 Comparisons with competitors (p. 195)
11.3 The accuracy of the estimate (p. 196)
11.4 The number of competitors (p. 198)
11.5 Summary (p. 199)
12 Purchasing (p. 200)
12.1 Introduction (p. 200)
12.2 Ethics (p. 200)
12.3 Fair price (p. 203)
12.4 Procedures for procuring suppliers and sub-contractors (p. 204)
12.5 Preferred suppliers and sub-contractors (p. 204)
12.6 Supply chain management (p. 205)
13 Post-contract cost control (p. 206)
13.1 Introduction (p. 206)
13.2 Pareto's Law (p. 206)
13.3 The basic needs of a cost-control system for the contractor and client (p. 207)
13.4 Cash flow (p. 208)
13.5 S-curve (p. 209)
13.6 Further refinements (p. 209)
13.7 Monitoring using the S-curve (p. 211)
13.8 Saw-tooth diagram (p. 211)
13.9 Bad practices (p. 212)
14 Interim valuation, claims and variations (p. 214)
14.1 Introduction to interim valuations (p. 214)
14.2 Sums subject to retention (p. 214)
14.3 Sums not subject to retention (p. 215)
14.4 Materials on site (p. 216)
14.5 Off-site materials (p. 216)
14.6 Introduction to claims (p. 216)
14.7 Extension of time (p. 217)
14.8 Cost centres for claims (p. 217)
14.9 Introduction to variations (p. 221)
14.10 Example calculations (p. 222)
15 Cost systems (p. 227)
15.1 Introduction (p. 227)
15.2 Budget cost (p. 227)
15.3 Actual cost (p. 228)
15.4 Direct labour costing systems (p. 230)
Index (p. 239)

Author notes provided by Syndetics

Chris March is a graduate from Manchester University. He worked for John Laing Construction and later for John Laing Concrete where he became Factory Manager. On entering higher education he worked in both the UK and Hong Kong before joining the University of Salford becoming Senior Lecturer and then the Dean of the Faculty of the Environment. He is a former winner of the Council for Higher Education Construction Industry Partnership Award for Innovation.