Construction Estimating and Bidding: Training Manual to Acquire Fundamental Knowledge in Estimating Building Construction Costs

Construction Estimating and Bidding: Training Manual to Acquire Fundamental Knowledge in Estimating Building Construction Costs
Author: Yvon Chabot
Publisher: Independently Published
Total Pages: 300
Release: 2019-03-05
Genre: Education
ISBN: 9781798856284

The purpose of this manual is to enable students to gain fundamental knowledge of estimating the cost of building construction projects. The procedures used for estimating vary form company to company. On the other hand, the construction industry has become, over the years, more competitive which has made construction companies to do their best in order to offer the best possible service at the least price. To overcome this constraint, it is necessary to know precisely the cost of services. And it would be the role of an Estimator. Unfortunately, there are no specific rules, as it accounts, for obtaining a good estimate, even among individuals within a company. Because of contracting method currently employed (like fast track or PPP) construction companies need precision in their estimates; in addition, as estimators are increasingly consulted at conceptual design stage, we will talk about conceptual estimate in chapter one and then focus on detailed estimations and its process in upcoming chapters.We all know that a good estimator needs to have a good knowledge about construction techniques and factors that influence the realization of a project. We also know that an individual who possesses a high level of experience in his/her field but also could be a poor estimator in the absence of reliable method. So, in this manual we will focus more on estimations' method rather than techniques of construction.A detailed estimate ( Bid Estimate ) can be analyzed in terms of the SIX principal stages of the process:1.Quantity Takeof2.Recap Quantities3.Pricing the Recap4.Pricing Subcontractor's work5.Pricing General Expenses6.Summary and BidTo decode these six steps into an effective and accurate estimation method, the manual is divided into three modules. Each module is divided into chapters. The first module addresses the preparation of an estimate for construction and describes the entire submission process. The second module deals with the methods of measurement of the constructive systems then, in the third module, establish the prices of the elements, the expenses of the general conditions and finally, close the submission.

Estimating Building Costs

Estimating Building Costs
Author: Calin M. Popescu
Publisher: CRC Press
Total Pages: 670
Release: 2003-04-22
Genre: Technology & Engineering
ISBN: 0824748549

Companies live or die on the basis of estimating their costs. Preparing estimates and bidding for new jobs is a complex and often costly process. There is no substitute for on the job training -- until now. Drawing on the authors' combined experience of more than 70 years, Estimating Building Costs presents state-of-the-art principles, practices, and techniques for assessing these expenditures that can be applied regardless of changes in the costs of materials, equipment, and labor. The book is an efficient and practical tool for developing contracts or controlling project costs. The authors cover the major components of the direct cost: estimating procedures and cost trends related to materials, construction equipment, and skilled and unskilled labor. They describe various types of building estimates encountered during the lifecycle of a project, as well as the role and accuracy of each. The book provides an overview of the industry, cost indexes in use, approaches to preparing a detailed estimate, and an in-depth description of the organization and function of the estimating group. Including CSI Master Format and UniFormat codes, estimating forms, a list of available estimating software packages, a detailed construction site and investigation report, the book provides a cost estimating methodology that readers can tailor to their own organizational needs.

Estimating in Building Construction

Estimating in Building Construction
Author: Frank R. Dagostino
Publisher: Pearson Prentice Hall
Total Pages: 372
Release: 2008
Genre: Building
ISBN: 9780132231374

Everything needed for a course in Estimating is provided in this proven text, which combines coverage of principles with step-by-step procedures. Ideal for construction, architecture, and engineering students, it reflects the popular approach of tracing a complete project's progress. The use of computers as a key estimating tool is incorporated throughout.

Markup & Profit

Markup & Profit
Author: Michael Stone
Publisher: Craftsman Book Co
Total Pages: 316
Release: 1999-01-01
Genre: Technology & Engineering
ISBN: 9781572180710

In order to succeed in a construction business you have to be able to mark up the price of your jobs to cover overhead expenses and make a decent profit. The problem is how much to mark it up. You don't want to lose jobs because you charge too much, and you don't want to work for free because you've charged too little. If you know how much to mark up you can apply it to your job costs and arrive at the right sales price for your work. This book gives you the background and the calculations necessary to easily figure the markup that is right for your business. Includes a CD-ROM with forms and checklists for your use.

Construction Cost Estimating

Construction Cost Estimating
Author: Len Holm
Publisher: Routledge
Total Pages: 405
Release: 2021-04-07
Genre: Technology & Engineering
ISBN: 1000345130

Construction Cost Estimating equips a new generation of students and early-career professionals with the skills they need to bid successfully on projects. From developing bid strategies to submitting a completed bid, this innovative textbook introduces the fundamentals of construction estimating through a real-life case study that unfolds across its 24 chapters. Exercises at the end of each chapter offer hands-on practice with core concepts such as quantity take-offs, pricing, and estimating for subcontractor work. Online resources provide instant access to examples of authentic construction documents, including complete, detailed direct work estimates, subcontractor work estimates, general conditions estimates, markups, and summary schedules. Through its unique mix of real-world examples and classroom-tested insights, Construction Cost Estimating ensures that readers are familiar with the entire estimating process even before setting foot on the jobsite.

Fundamentals of Construction Estimating and Cost Accounting

Fundamentals of Construction Estimating and Cost Accounting
Author: Keith Collier
Publisher: Prentice Hall
Total Pages: 378
Release: 1974
Genre: Business & Economics
ISBN:

Manual on construction industry cost accounting in the USA - demonstrates how to estimate labour cost, equipment cost, overhead cost, etc., and includes measurement techniques. Bibliography pp. 262 to 265, diagrams, illustrations, references.

Fundamentals of Construction Estimating

Fundamentals of Construction Estimating
Author: David Pratt
Publisher: Wadsworth Publishing Company
Total Pages: 482
Release: 2011
Genre: Building
ISBN: 9781439059623

An international edition of this product is available for sale overseas and in international markets.

New Code of Estimating Practice

New Code of Estimating Practice
Author: The Chartered Institute of Building
Publisher: John Wiley & Sons
Total Pages: 293
Release: 2018-05-29
Genre: Technology & Engineering
ISBN: 1119329469

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.

Estimator's Pocket Book

Estimator's Pocket Book
Author: Duncan Cartlidge
Publisher: Routledge
Total Pages: 282
Release: 2019-02-21
Genre: Architecture
ISBN: 0429772181

The Estimator’s Pocket Book, Second Edition is a concise and practical reference covering the main pricing approaches, as well as useful information such as how to process sub-contractor quotations, tender settlement and adjudication. It is fully up to date with NRM2 throughout, features a look ahead to NRM3 and describes the implications of BIM for estimators. It includes instructions on how to handle: the NRM order of cost estimate; unit-rate pricing for different trades; pro-rata pricing and dayworks; builders’ quantities; approximate quantities. Worked examples show how each of these techniques should be carried out in clear, easy-to-follow steps. This is the indispensable estimating reference for all quantity surveyors, cost managers, project managers and anybody else with estimating responsibilities. Particular attention is given to NRM2, but the overall focus is on the core estimating skills needed in practice. Updates to this edition include a greater reference to BIM, an update on the current state of the construction industry as well as up-to-date wage rates, legislative changes and guidance notes.