The most current guide of its kind on the market, this essential book for today's construction managers and engineers provides the latest principles and techniques for the evaluation of construction design by presenting a balanced and cohesive study of construction cost analysis and estimation. Begins with four chapters on the analysis of labor, material, accounting, and forecasting--then systematically segues into the area of estimating, with in-depth discussions on how it applies to methods, work, and projects. Covers statistics for cost analysis, general cost analysis and bidding strategies for construction (i.e., bidding, estimate insurance, engineering economy, benefit cost, and life cycle), and the newest models and techniques for cost estimating. "Practical Applications" encourage field trips and communication through the internet, and a variety of interesting open-ended case studies actively engage readers in realistic scenarios and help develop critical thinking skills. Integrates an extensive array of exercises, qualitative questions, and problems, and limits math to algebra and introductory calculus. For professionals in construction, civil and environmental engineering, and architecture.