Current practice on most contracts dictates that the engineer deals with engineering matters and the quantity surveyor covers the commercial aspects. As a result, engineers have become increasingly uneasy at setting rates, evaluating claims and of pricing work generally. This book provides engineers with a sound all round ability and commercial adeptness in price estimating. Author Trevor Holroyd draws on his experience of consulting and professional training in his latest book which will appeal to civil and structural engineers, surveyors, contractors, consulting practices and more.

Exploring the methodology and overall strategy of project cost estimating, this book provides an introduction to statistics and databases, illustrating how they can help the cost estimator. The book offers an interactive approach where the reader is encouraged to participate in a series of CD or dice exercises to create a thorough understanding of the concepts involved.

Ying-Kit Choi details the guidelines, principles, and philosophy needed to produce design documents for heavy civil engineering projects.

Presents an accessible approach to the cost estimation tools, concepts, and techniques needed to support analytical and cost decisions Written with an easy-to-understand approach, Cost Estimation: Methods and Tools provides comprehensive coverage of the quantitative techniques needed by professional cost estimators and for those wanting to learn about this vibrant career field. Featuring the underlying mathematical and analytical principles of cost estimation, the book focuses on the tools and methods used to predict the research and development, production, and operating and support costs for successful cost estimation in industrial, business, and manufacturing processes. The book begins with a detailed historical perspective and key terms of the cost estimating field in order to develop the necessary background prior to implementing the presented quantitative methods. The book proceeds to fundamental cost estimation methods utilized in the field of cost estimation, including working with inflation indices, regression analysis, learning curves, analogies, cost factors, and wrap rates. With a step-by-step introduction to the practicality of cost estimation and the available resources for obtaining relevant data, Cost Estimation: Methods and Tools also features: Various cost estimating tools, concepts, and techniques needed to support business decisions Multiple questions at the end of each chapter to help readers obtain a deeper understanding of the discussed methods and techniques An overview of the software used in cost estimation, as well as an introduction to the application of risk and uncertainty analysis A Foreword from Dr. Douglas A. Brook, a professor in the Graduate School of Business and Public Policy at the Naval Postgraduate School, who spent many years working in the Department of Defense acquisition environment Cost Estimation: Methods and Tools is an excellent reference for academics and practitioners in decision science, operations research, operations management, business, and systems and industrial engineering, as well as a useful guide in support of professional cost estimation training and certification courses for practitioners. The book is also appropriate for graduate-level courses in operations research, operations management, engineering economics, and manufacturing and/or production processes.

An international edition of this product is available for sale overseas and in international markets.

It deals in a practical and reasonable way with many of the estimating problems which can arise where building and civil engineering works are carried out and to include comprehensive estimating data within the guidelines of good practice. The early part of the book has been completely rewritten to contain chapters useful to students and practitioners alike for the development of the estimating process resulting in the presentation of a tender for construction works. The second and major part of the book contains estimating data fully updated for the major elements in building and civil engineering work, including a new chapter on piling, and a wealth of constants for practical use in estimating. The estimating examples are based on the current edition of the Standard Method of Measurement for Building Works (SMM7). The comprehensive information on basic principles of estimating found in 'Spence Geddes' are still as valid today as the first edition. In this edition the prevailing rates of labour and costs of materials are taken whenever possible as a round figure. Readers will appreciate in the construction industry that prices are continually changing, rise and fall, and that worked examples should therefore be used as a guide to method of calculation substituting in any specific case the current rates applicable to it. In the case of plant output dramatic increases have been experienced in productivity over recent years and again estimators with their own records should substitute values appropriate to their work.

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.