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In the last decade, following the Latham and Egan reports, there have been many significantchanges in the role of the construction cost manager. Keith Potts examines the key issues andbest practice in the cost management of construction projects under traditional contracts andnew methodologies. All stages within the life cycle of a project are considered from precontractto tendering and postcontract.Worked examples, legal cases and over 65 project case studies are used to illustrate thepractical application of the theory, where appropriate. Extensive references are captured,including the UK government’s Constructing Excellence programme and the National AuditReports, in order to further develop an understanding of the subject. Reference is made to majorprojects such as the Scottish Parliament Building, Wembley Stadium and BAA’s HeathrowTerminal 5.Aimed at students of Surveying and Construction Management programmes, this bookuniquely embraces cost management in both the building and civil engineering sectors in theUK and overseas and should thus prove useful to practitioners. Seminar questions are includedat the end of each chapter with additional links to over 100 project case studies in order toreinforce the learning experience.
[...]... Support Maintenance & Construction: Facilities Outsourcing; Prime Contracting Inception: Feasibility Studies; Business Case; Development; Strategic Cost Planning; Benchmarking Development: Contract Strategies; Option Appraisals; Capital and Operational Cost Planning; Risk Management; Value Management; Whole-Life Costing; Supplier & Contractor Procurement Implementation: Cost Control & Management; Change... executing the strategy: scope management, scheduling, resource management, budgeting and cost management, change control, earned VM, information management and reporting, issue management; Section 4 – techniques: requirements management, development, estimating, technology management, VE, modelling and testing, configuration management; Section 5 – business and commercial: business case, marketing and sales,... schedules 186 Cost- based, cost- reimbursement contracts 188 Cost- based, target -cost contracts 189 Conclusion 192 Questions 193 Bibliography 193 Part V Management of the post-contract stage 13 Contractors’ cost- control and monitoring procedures 13.1 13.2 13.3 13.4 157 Introduction 197 Developing a cost- control system 198 Method 1: cost- value reconciliation (CVR) 199 Method 2: contract variance – unit costing... listed below Section 1 – project management in context: project management, programme management, portfolio management, project context, project sponsorship, project office; Section 2 – planning the strategy: project success and benefits management, stakeholders management, VM, project management plan, project RM, project quality management, health and safety and environmental management; Section 3 – executing... another on the construction sector About €910 billion 4 Introduction Table 1.1 Range of services offered by leading construction cost consultants Company Cost management services EC Harris Consulting: Asset & Facilities Strategies; Enabling Technology & Management Information Systems; Performance Management; Technical & Investment Risk Management; Public Private Finance Consultancy; Supply-Chain Management; ... 11.5 11.6 11.7 11.8 11.9 11.10 11.11 11.12 11.13 11.14 11.15 Introduction: management methods 157 Management contracting 158 Construction management 161 Management contracting or construction management? 165 Reflections on the Scottish Parliament building 165 Design and manage 167 EC procurement rules 168 Achieving Excellence in Construction 168 The NHS Procure 21 guidelines 170 Highways Agency – overlying... Maintenance Strategies; Energy and Cost- in-Use Analysis; Facilities Management Benchmarking Employer’s Agent Bills of Quantities Feasibility Studies Building Services (M&E) Project Audits Capital Allowances Quantity Surveying /Cost Commercial Management Real Estate Due Diligence Contract Advisory Services Real Estate Tax Management Contract Documentation Whole-Life Costing Analysis Cost Modelling and Planning... structure, organization roles, methods and procedures, governance of project management; Section 7 – people and the profession: communication, teamwork, leadership, conflict management, negotiation, human resource management, behaviour characteristics, learning and development, professionalism and ethics 1.5 Learning from case studies Some projects become iconic, reflecting the challenge of the new and... Project Management for Construction and Development, 3rd edition, CIOB Construction Industry Council (2002) Construction Project Management Skills, CIC Cooper, P (2000) Building Relationships The History of Bovis 1885–2000, Cassell & Co Introduction and overview 13 Egan, J (1998) Rethinking Construction: Report of the Construction Task Force on the Scope for Improving Quality and Efficiency of UK Construction, ... and claims based on the traditional procurement approach Observations in the book are reinforced throughout with detailed analysis of over 60 project case studies with additional links to over 100 case studies Many of the project case studies are taken from the Building magazine or the National Audit Office reports to whom the author is most grateful for permission to publish A chapter is included on . www.tandf.co.uk/builtenvironment Alternatively our books are available from all good bookshops. Construction Cost Management Learning from case studies Keith Potts First published 2008 by Taylor & Francis 2. for this book is available from the British Library Library of Congress Cataloging in Publication Data Potts, Keith F. Construction cost management: learning from case studies / Keith Potts. p Setting the scene 3 1.2 Construction overview 3 1.3 Influential reports 5 1.4 Recommendations from professional bodies 6 1.5 Learning from case studies 7 1.6 Learning from project failures 10 1.7