Cost Studies of Buildings,9780582369092

Cost Studies of Buildings

by
Edition: 3rd
ISBN13: 9780582369092
ISBN10: 0582369096
Format: Paperback
Pub. Date: 1999-11-01
Publisher(s): Addison-Wesley Longman Ltd
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Summary

The study of building costs is no longer restricted to the analysis of tenders, final accounts and capital cost prediction. Athough these areas remain important, the study has moved towards whole life costs and a more holistic approach. This relates costs not just to space but also to the activities undertaken in that space. This new third edition of Cost Studies of Buildings has been extensively revised and restructured to reflect this trend. It provides a practical guide to the different methods of forecasting, planning and controlling costs associated with building works, as well as analysing the economics of efficient and effective use of buildings, space, plant and equipment.

Table of Contents

Preface to the third edition xii
Preface to the second edition xiv
Preface to the first edition xvi
Acknowledgements xviii
SECTION 1 COST CONTROL
Introduction
3(16)
Learning objectives
3(1)
What this book is about
3(1)
The purpose of cost control
4(1)
The importance of cost control
5(1)
Cost, price and value
6(1)
Cost advice
6(1)
Contractual arrangements and their effects on costs
7(2)
Construction economics
9(2)
Economic analysis objectives
11(1)
Design method
12(4)
Building economic theories
16(1)
Environmental impact of the construction project
16(3)
Self assessment questions
18(1)
Bibliography
18(1)
History Of Building Economics
19(11)
Learning objectives
19(1)
Introduction
19(1)
Building economics
20(1)
Standard texts
20(2)
Trends in building economics
22(2)
Reasons for change
24(1)
Historical context
24(6)
Self assessment questions
29(1)
Bibliography
29(1)
The Construction Industry
30(13)
Learning objectives
30(1)
Introduction
30(1)
The importance of the construction industry
31(2)
The construction industry as an economic regulator
33(1)
The development process
34(1)
Construction firms
35(1)
The professions
36(2)
Research and development
38(5)
Self assessment questions
38(1)
Bibliography
39(4)
SECTION 2 COST INFORMATION
Cost Data
43(33)
Learning objectives
43(1)
Introduction
43(2)
Characteristics of cost data
45(1)
The hierarchical structure of cost data
45(3)
Accuracy and consistency
48(1)
Cost feedback
49(3)
Price books
52(5)
Public sector price guides
57(1)
Monthly cost information
57(1)
Priced bills of quantities
58(2)
Price analysis
60(1)
Cost analysis
60(7)
The building cost information service
67(2)
The BCIS Quarterly Review of Building Prices
69(1)
Building Maintenance Information
69(1)
International comparison of construction costs
70(6)
Self assessment questions
75(1)
Bibliography
75(1)
Design Economics
76(19)
Learning objectives
76(1)
Introduction
76(1)
Client's requirements
77(1)
Value for money
78(1)
Factors to consider
79(12)
Life-cycle costing
91(1)
Element evolution
91(2)
Conclusions
93(2)
Self assessment questions
93(1)
Bibliography
94(1)
The Economics of Quality
95(14)
Learning objectives
95(1)
Introduction
95(1)
What is quality?
96(1)
Quality systems
97(2)
Quality control
99(1)
The `M' factors affecting quality
100(1)
Quality standards
101(1)
Categories of quality costs
102(1)
Economic assessment
103(3)
Quality considerations
106(3)
Conclusions
107(1)
Self assessment questions
107(1)
Bibliography
108(1)
Indices And Trends
109(18)
Learning objectives
109(1)
Introduction
109(1)
Constructing an index
110(1)
Uses of index numbers
110(2)
Laspeyre's and Paasche's indices
112(1)
Difficulties in the use of indices
112(2)
Cost and price indices
114(3)
Other published indices
117(2)
Regional variation
119(1)
Measuring trends
120(7)
Self assessment questions
125(1)
Bibliography
125(2)
Cost Analysis
127(45)
Learning objectives
127(1)
Introduction
127(2)
Definitions
129(1)
Preparation of a cost analysis
130(1)
Principles of analysis
131(1)
Elemental cost studies
132(1)
Preliminaries
133(1)
Substructure
134(4)
Superstructure
138(21)
Internal finishes
159(3)
Fittings and furnishings
162(1)
Engineering services
163(6)
External works and drainage
169(3)
Conclusions
170(1)
Self assessment questions
170(1)
Bibliography
171(1)
Taxation, Grants and Investment
172(20)
Learning objectives
172(1)
Taxation
172(1)
Value-added tax
173(1)
Corporation tax
174(7)
Financial assistance for development
181(4)
The effects of taxation and grants on cash flow
185(1)
Investment
185(2)
Property investment and equities
187(1)
Property investment
188(4)
Self assessment questions
190(1)
Bibliography
191(1)
Cost Research And Innovation
192(21)
Learning objectives
192(1)
Introduction
192(1)
Cost research philosophy
193(1)
Collaboration with practice
194(1)
Developments in quantity surveying
195(1)
The research process
196(4)
Research methods
200(3)
Research organisations in the construction industry
203(2)
Research dissemination
205(1)
The future
206(7)
Conclusions
208(1)
Self assessment questions
209(1)
Bibliography
209(4)
SECTION 3 COST PRACTICE
Development Appraisal
213(31)
Learning objectives
213(1)
Introduction
213(1)
Development value
214(1)
General determinants of value
214(1)
Investment appraisal
215(1)
Methods of valuation
216(3)
Valuation tables
219(7)
Developers' budgets
226(8)
Conventional methods of investment appraisal
234(3)
Discounting methods
237(1)
Optimal investment criterion
238(1)
Sensitivity analysis
238(1)
Cost-benefit analysis
239(5)
Self assessment questions
242(1)
Bibliography
243(1)
Pre-Tender Price Estimating
244(26)
Learning objectives
244(1)
Introduction
244(1)
Estimate classification
245(1)
Methods
245(10)
General considerations
255(2)
Other factors
257(7)
Preparing the estimate
264(6)
Conclusions
268(1)
Self assessment questions
268(1)
Bibliography
268(2)
Cost Planning
270(35)
Learning objectives
270(1)
Introduction
270(2)
History and development
272(1)
The cost planning process
273(5)
Cost limits
278(4)
Elemental cost synthesis
282(4)
Example of a cost plan
286(17)
Construction budget
303(2)
Self assessment questions
303(1)
Bibliography
303(2)
Cost Modelling
305(25)
Learning objectives
305(1)
Introduction
305(3)
Types of cost models
308(1)
Purpose of cost models
309(1)
Classification of cost models
310(1)
Trends in cost modelling
311(1)
Empirical methods
311(1)
Regression analysis
312(3)
Simulation
315(6)
Heuristics
321(2)
Expert systems
323(2)
Value-for-money considerations
325(1)
Development of models
326(4)
Conclusions
326(2)
Self assessment questions
328(1)
Bibliography
328(2)
Life-Cycle Costing 1: Factors to Consider
330(24)
Learning objectives
330(1)
Introduction
330(2)
The importance of long-term forecasting
332(1)
Buildings' life
332(2)
Deterioration and obsolescence
334(2)
Physical deterioration
336(2)
Obsolescence
338(3)
Component life
341(4)
Problems with component life data
345(2)
Inflation
347(2)
Discount rate
349(2)
Rate of interest
351(1)
Taxation
352(2)
Self assessment questions
352(1)
Bibliography
352(2)
Life-Cycle Costing 2: Practice
354(29)
Learning objectives
354(1)
Life-cycle costing applications
354(3)
Life-cycle cost plan
357(1)
Costs-in-use
358(4)
Calculations
362(15)
Forecasting change
377(2)
Historical perspectives
379(4)
Conclusions
380(1)
Self assessment questions
381(1)
Bibliography
381(2)
Value Management
383(13)
Learning objectives
383(1)
Introduction
383(1)
Origins of value engineering
384(1)
Terminology
384(2)
Methodology
386(1)
Value management workshops
387(1)
Cost-value reductions
388(1)
The what scenarios
388(2)
Unnecessary costs
390(1)
Creativity
391(2)
Other issues to consider
393(3)
Self assessment questions
394(1)
Bibliography
395(1)
Risk Analysis and Management
396(12)
Learning objectives
396(1)
Introduction
396(1)
Risk and uncertainty
396(1)
The risk management process
397(2)
Types of risk
399(1)
Dealing with risk
400(1)
Some techniques for dealing with risks and uncertainty
401(3)
Risk analysis using probabilities
404(4)
Conclusions
406(1)
Self assessment questions
406(1)
Bibliography
406(2)
Post Contract Cost Control
408(17)
Learning objectives
408(1)
Introduction
408(1)
Measurement contracts
409(2)
Cost-reimbursable contracts
411(1)
Budgetary control
412(1)
Client's financial reports
413(3)
Client's cash flow
416(1)
Contractor's cost control
417(2)
Contractor's cash flow
419(2)
Cost comparison
421(1)
Project cash flow
422(3)
Self assessment questions
423(1)
Bibliography
424(1)
Facilities Management
425(17)
Learning objectives
425(1)
Introduction
425(1)
Overview of facilities management
426(2)
Relevance of building costs
428(2)
Operations management
430(7)
Space management example
437(5)
Conclusions
441(1)
Self assessment questions
441(1)
Bibliography
441(1)
Index 442

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