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Construction Management, 4th Edition,9780470447239
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Construction Management, 4th Edition

by ;
Edition:
4th
ISBN13:

9780470447239

ISBN10:
0470447230
Format:
Hardcover
Pub. Date:
11/1/2010
Publisher(s):
Wiley
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Summary

This text is arranged in relatively short chapters with well defined, self-contained scope. This strategy results in a compact and direct delivery of the intended material, easy to teach and read. Chapters are sequenced in the logical flow described below.Overall context. Chapter 1 (History and Basic Concepts) presents an overview of the construction industry, including a historical framework.Procurement and execution. Chapters 2 (Preparing the Bid Package) and 3 (Issues During Construction Phase) discuss the procurement and administration of construction projects.Company organization and management. Chapters 4 (Construction Contracts), 5 (Legal Structure) and 6 (Impact of Taxes) look at issues affecting the company as a whole.Planning and scheduling. Chapters 7 (Project Planning), 8 (Project Scheduling) and 9 (PERT Networks and Linear Operations) address these central aspects of the construction industry.Managing money. Chapters 10 (The Mathematics of Money), 11 (Project Cash Flow) and 12 (Project Funding) deal with money as a company-wide resource to be planned and managed.Construction equipment. Chapters 13 (Equipment Ownership) and 14 (Equipment Productivity) address the cost and productivity of the equipment used in the construction industry.Labor. Chapter 15 (Construction Labor) discusses another basic construction resource. It discusses the changes in labor organization and legislation, alongside an explanation of the factors included in the computation of indirect labor costs.Cost estimating and control. Chapter 16 (Estimating Process) provides an overview of the process used in construction to estimate the cost of a project. Chapter 17 (Cost Control) addresses the development of the systems required to keep track of a project s cost and to compare it against its progress.Materials management. Chapter 18 (Materials Management) offers a close-up of the procurement and on-site management of the materials used in a construction project.Safety. Chapter 19 (Safety) offers a concise and practical guide for safety considerations.

Table of Contents

History and Basic Concepts
Bridges and History
Historical Perspective
Great Captains of Construction
Panama Canal
Other Historic Projects
Construction versus Manufacturing Processes
Project Format
Project Development
Construction Technology and Construction Management
Construction Management Is Resource Driven
Construction Industry
Structure of the Construction Industry
Differing Approaches to Industry Breakdown
Management Levels of Construction
Review Questions and Exercises
Preparing the Bid Package
Online Plan Rooms
Project Concept and Need
Establishing Need
Formal Need Evaluation
Conceptual Drawings and Estimates
Preliminary and Detail Design
Notice To Bidders
Bid Package
General Conditions
Supplementary Conditions
Technical Specifications
Addenda
The Estimate and the Decision to Bid
Prequalification
Subcontractor and Vendor Quotations/Contracts
Bid Bond
Performance and Payments Bonds
Cost and Requirements for Bonds
Review Questions and Exercises
Issues During Construction Phase
Project Rework Reduction
Acceptance Period/Withdrawal
Award of Contract/Notice to Proceed
Contract Agreement
Time Extensions
Change Orders
Changed Conditions
Value Engineering
Suspension, Delay, or Interruption
Liquidated Damages
Progress Payments and Retainage
Progress Reporting
Acceptance and Final Payment
Summary
Review Questions and Exercises
Construction Contracts
Web-Based Contracts
Contract Environment
Process of Purchasing Construction
Major Construction Contract Types
Competitively Bid Contracts
Stipulated-Sum Contracts
Unit-Price Contracts
Negotiated Contracts
Project Delivery Methods
Design-Build Contracts
Design-Build in a Consortium Format
Construction Management (CM) Contracts
Construction Management At-Risk
Comparing Project Delivery Methods
Review Questions and Exercises
Legal Structure
Joint Venturing
Types of Organization
Legal Structure
Proprietorship
Partnership
Corporation
Comparison of Legal Structures
Review Questions and Exercises
Impact of Taxes
Introduction
Why Taxes?
Types of taxes
Income Tax Systems
Taxation of Businesses
Business Deductions in General
Taxable income: individuals
Itemized deductions, standard deductions and personal exemptions
The Tax Significance of Depreciation
Marginal Tax Rates
Tax credits
Tax payroll Withholding
Tax payment schedules
Marginal, average and effective tax rates
Net Operating Losses
Summary
Review Questions and Exercises
Project Planning
Building Information Modeling
Introduction
Developing the Work Breakdown Structure
A Work Breakdown Example
Work Packages for the Gas Station Project
Determining Sequence of Work Packages
Estimate Development and Cost Control Related to the WBS
Role of Code of Accounts
Summary
Review Questions and Exercises
Project Scheduling
4D Modeling
Introduction
Estimating activity durations
Bar charts
Activity Precedence Diagrams
Generalized relationships
Overview of the CPM scheduling procedure
Forward Pass (traditional relationships)
Backward Pass (traditional relationships)
Critical path
Activity floats
Scheduling the Small Garage project
Generalized Relationship Scheduling Computations
Working to Calendar Dates
Summary
Review Questions and Exercises
Scheduling - PERT Networks and Linear Operations
Lean Construction
Introduction
An Example PERT Network
PERT Shortcomings
Linear Construction Operations
Production Curves
Line-Of-Balance Concepts
LOB Applied to Construction
Review Questions and Exercises
The Mathematics of Money
Using Life Cycle Cost to Assess Sustainable Construction Costs
Introduction
Interest in Action
Time value of money
Interest
Simple and compound interest
Nominal and effective rate
Equivalence and MARR
Discount Rate
Importance of Equivalence
Sunk Costs
Cash flow diagrams
Annuities
Conditions for Annuity Calculations
Calculating the Future Value of a Series of Payments
Summary of equivalence formulas
Worth Analysis Techniques: An Overview
Present Worth Analysis
Equivalent Annual Worth (EAW)
Internal Rate of Return
Limitations of the IRR method
A Practical Example Using PW Analysis
Comparison Using EAW
Summing Up
Review Questions and Exercises
Project Cash Flow
Scenario Testing
Cash Flow Projection
Cash Flow to the Contractor
Overdraft Requirements
Comparison of Payment Schemes
Review Questions and Exercises
Project Funding
Build Operate and Transfer (BOT)
Money, A Basic Resource
Construction Financing Process
Long-Term Pro Forma Example
Mortgage Loan Commitment
Construction Loan
Owner Financing Using Bonds
Review Questions and Exercises
Equipment Ownership
RFID Application in Construction
General
Equipment Owning and Operating Costs
Depreciation of Equipment
Straight-Line Method
Declining Balance
Production Method
Depreciation Based On Current Law
Depreciation Versus Amortization
Interest, Insurance, and Tax (IIT) Costs
Operating Costs
Overhead and Markup
Review Questions and Exercises
Equipment Productivity
Laser Based Machine Control
Productivity Concepts
Cycle Time and Power Requirements
Power Available
Usable Power
Equipment Balance
Random Work Task Durations
Review Questions and Exercises
Construction Labor
Biometric Identification Recognition
Labor Resource
Short History of Labor Organizations
Early Labor Legislation
Norris-Laguardia Act
Davis-Bacon Act
National Labor Relations Act
Fair Labor Standards Act
Union Growth
Labor Management Relations Act
Other Labor Legislation
Vertical Versus Horizontal Labor Organization Structure
Jurisdictional Disputes
Union Structure
National Unions
State Federations and City Centrals
Union Locals
Union Hiring Halls
Secondary Boycotts
Open-Shop and Double-Breasted Operations
Labor Agreements
Labor Costs
Average Hourly Cost Calculation
Review Questions and Exercises
Estimating Process
Estimating Using Hand-Held Devices
Estimating Construction Costs
Types of Estimates
Detailed Estimate Preparation
Definition of Cost Centers
Quantity Takeoff
Methods of Detailed Cost Determination
Problems with Unit-Cost Method
Resource Enumeration
Work Package or Assembly-Based Estimating
Summary
Review Questions and Exercises
Cost Control
LEED Certification
Cost Control as a Management Tool
Project Cost Control Systems
Cost Accounts
Cost Coding Systems
Project Cost Code Structure
Cost Accounts for Integrated Project Management
Earned Value Method
Labor Cost Data Collection
Charges for Indirect and Overhead Expense
Project Indirect Costs
Fixed Overhead
Considerations in Establishing Fixed Overhead
Review Questions and Exercises
Materials Management
Fiber Reinforced Polymer Rebar
Material Management Process
The Order
Approval Process
Fabrication and Delivery Process
Installation Process
Material Types
Review Questions and Exercises
Safety
Safety in Trenches
Need for Safe Practice
Humanitarian Concerns
Economic Costs and Benefits
Uninsured Accident Costs
Federal Legislation And Regulation
OSHA Requirements
How the Law Is Applied
Safety Record Keeping
Safety Program
Review Questions and Exercises
Table of Contents provided by Publisher. All Rights Reserved.


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