Construction Management, 4th Edition
ISBN: 9780470447239 | 0470447230
Edition: 4thFormat: Hardcover
Publisher: Wiley
Pub. Date: 11/1/2010
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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 c... MORE
| 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 | |
| Constr... MORE | |
| 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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