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.
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.
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.
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.
The essential, authoritative guide to providing accurate, systematic, and reliable estimating for construction projects—newly revised Pricing and bidding for construction work is at the heart of every construction business, and in the minds of construction consultants’ poor bids lead to poor performance and nobody wins. New Code of Estimating Practice examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works, both in the public and private sectors. It embodies principles that are applicable to any project regardless of size or complexity. This authoritative guide has been completely rewritten to include much more contextual and educational material as well as the code of practice. It covers changes in estimating practice; the bidding process; the fundamentals in formulating a bid; the pre-qualification process; procurement options; contractual arrangements and legal issues; preliminaries; temporary works; cost estimating techniques; risk management; logistics; resource and production planning; computer-aided estimating; information and time planning; resource planning and pricing; preparation of an estimator’s report; bid assembly and adjudication; pre-production planning and processes; and site production. Established standard for the construction industry, providing the only code of practice on construction estimating Prepared under the auspices of the Chartered Institute of Building and endorsed by a range of other professional bodies Completely rewritten since the 7th edition, to include much more contextual and educational material, as well as the core code of practice New Code of Estimating Practice is an important book for construction contractors, specialist contractors, quantity surveyors/cost consultants, and for students of construction and quantity surveying.
Agile Estimating and Planning is the definitive, practical guide to estimating and planning agile projects. In this book, Agile Alliance cofounder Mike Cohn discusses the philosophy of agile estimating and planning and shows you exactly how to get the job done, with real-world examples and case studies. Concepts are clearly illustrated and readers are guided, step by step, toward how to answer the following questions: What will we build? How big will it be? When must it be done? How much can I really complete by then? You will first learn what makes a good plan-and then what makes it agile. Using the techniques in Agile Estimating and Planning, you can stay agile from start to finish, saving time, conserving resources, and accomplishing more. Highlights include: Why conventional prescriptive planning fails and why agile planning works How to estimate feature size using story points and ideal days–and when to use each How and when to re-estimate How to prioritize features using both financial and nonfinancial approaches How to split large features into smaller, more manageable ones How to plan iterations and predict your team's initial rate of progress How to schedule projects that have unusually high uncertainty or schedule-related risk How to estimate projects that will be worked on by multiple teams Agile Estimating and Planning supports any agile, semiagile, or iterative process, including Scrum, XP, Feature-Driven Development, Crystal, Adaptive Software Development, DSDM, Unified Process, and many more. It will be an indispensable resource for every development manager, team leader, and team member.
The Principles and Techniques of Engineering Estimating explains the procedures relating to the field of engineering estimating. Organized into 15 chapters, this book begins with an explanation of the meaning and scope of estimating. Subsequent chapters discuss the development of forms and types of estimates, basic steps in estimating, engineering estimating elements, work measurement, and estimating for mass production. Other chapters explain the aids to estimating, drawing technology, the importance of human relations, capital cost estimating, investment appraisal, and corporate strategy. This book will be very useful to any manager, student or estimator.
How to always be on time, and not risk missing important deadlines or go over budget This book is the result of many years of hard work, and plenty of lessons learned. I wrote it because I believe we can do better than the accepted "status quo" in the software industry. It took me years to learn what I needed to learn to come up with my version of the #NoEstimates approach. You can do it in weeks! The techniques and ideas described here will help you explore the #NoEstimates universe in a very practical and hands-on manner. You will walk through Carmen's story. Carmen is a senior, very experienced project manager who is now confronted with a very difficult project. One would say, an impossible project. Through the book, and with the help of Herman, Carmen discovers and slowly adopts #NoEstimates which helps her turn that project around. Just like I expect it will help with the project you are in right now. The book also includes many concrete approaches you can use to adopt #NoEstimates, or just adopt those practices on their own.
