Finance and control for construction / Chris March.

engineering bookfair2015

Includes bibliographical references and index.

CHAPTER 1 THE MAIN PARTICIPATORS
Landowners, Traditional landowners, Industrial and commercial landowners, Financial landowners, Private developers, Public sector and government agencies, Planners, Financial institutions, Agents, Building contractors, Architect, Space planner, Structural engineer, Building services engineer Quantity surveyor, Environmental consultant, Building surveyor, Lawyers, Accountants, Valuation surveyors, Facilities management consultant, Project management, Objectors, Occupiers.
CHAPTER 2 SOURCES OF FINANCE
Insurance companies and pension funds, Banks, Clearing banks, Merchant banks, Private person, Building Societies, Government and EC funding.
CHAPTER 3 VALUATION AND DEVELOPMENT APPRAISAL
Introduction, Cost elements, Cost of the land, Legal and professional fees in acquiring the land, Gross building size and lettable land, Construction costs, Professional fees, Development and construction period, Costs associated with facilities management, Disposal costs, Cost of finance, Rental income, Administrative costs of leasing, Contingencies, Required profit, Yield, Development valuation techniques, Comparative method, Residual method, Discounted cash flow analysis, Comparison of Residual method and Discounted cash flow, Risk Analysis and sensitivity analysis, Mathematics of valuation.
CHAPTER 4 INTRODUCTION TO DESIGN ECONOMICS
RIBA plan of work, Factors effecting the cost of the building, the site, Size and scale of project, Usable and non-usable space, Plan of building or footprint, Height, Storey height, Buildability and construction, De-construction.
CHAPTER 5 APPROXIMATE ESTIMATING
Introduction, Methods, Functional unit method, Superficial area method, Elemental cost plan, Approximate quantities techniques.
CHAPTER 6 WHOLE LIFE COSTING (WLC) & LIFE CYCLE ANALYSIS (LCA)
Definitions, Introduction, Costs, Period of analysis, Factors effecting life expectancy, Data for whole life costing Issues to be considered at the design stage for whole life costing, Is whole life costing effective, Life cycle assessment, whole building environmental assessment The future and sustainable building development.
CHAPTER 7 VALUE MANAGEMENT OR ENGINEERING
Introduction, Functional performance, Methodology or sequence of events, Orientation, Information, Speculation or creativity, Analysis and evaluation, Development, selection, Conclusion and feedback, when should Value engineering be applied, Functional analysis method, Function cluster groups.
CHAPTER 8 PROCUREMENT METHODS AND TYPES OF CONTRACT
Introduction, Types of procurement, Traditional, design and Build, Construction Management, Managing contracting, Partnering, Alliancing, Private public partnerships and private finance initiatives, Prime costing, Procedure 21, Apportioning risk.
CHAPTER 9 STANDARD METHOD OF MEASUREMENT AND BILLS OF QUANTITIES
Introduction, Standard method of measurement, Composition of SMM7, Preliminaries, Preliminaries classification expounded, General project details, Contractual matters, Employers¿ requirements, Contractors¿ general cost items, The Bills of quantities, Producing the Bills of quantities
CHAPTER 10 ESTIMATING AND TENDERING PROCEDURES
Introduction, Selection and invitation to tender, Tender documentation, The decision to tender, Managing the estimating process, Completing the bills, Building up costs of an item, Calculating the labour costs, Average annual working hours available, Calculation of total wage cost, Labour production rates, Building up material rates, The cost of plant, Calculating and pricing unit rates, Costing the preliminaries, Subcontractors and suppliers quotations, Named sub-contractors, Domestic sub-contractors, Labour only and labour and plant only sub-contractors, Construction Industry scheme certificate, Selection and invitation to tender (subcontractor) Opening of tenders, Suppliers quotations, Method statements tender programme,, cash flow, Overheads and profits, Final review meeting, Final adjustment and submitting the tender documents, Vetting tenders, Risk and uncertainty in estimating, Computerised estimating.
CHAPTER 11 BIDDING STRATEGY
Introduction, Comparisons with competitors, Accuracy of the estimate, Number of competitors, Summary
CHAPTER 12 PURCHASING
Ethics, Fair price, Procedures for procuring suppliers and subcontractors, Preferred suppliers and sub-contractors, Supply chain management
CHAPTER 13 POST CONTRACT COST CONTROL
Introduction, Pareto¿s law, Basic needs of a cost control system for the contractor and the employer, Cash flow, Further refinements, Monitoring using S-curve, Saw tooth diagram, Bad practices.
CHAPTER 14 INTERIM VALUATIONS, CLAIMS & VARIATIONS
JCT clauses, Materials on site, Elements of a valuation, Introduction to claims, Extension of time, Cost centres, Site establishment costs, Head office overheads, Visiting head office staff, Uneconomical working, Uneconomical procurement, Loss of profit, Acceleration, Third part settlements, Inflation, Financing other cost centres, Financing retentions, Interest for non-payment, Cost of producing a claim, Introduction to variations, Valuations rules, Example calculations.
CHAPTER 15 POST CONTRACT COST SYSTEMS
Introduction, Budget costs, Actual costs, Direct labour costing systems, Historical, Forecasting and predicting, Package costing.

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.