Towey: Cost Management of Construction Projects

The cost manager/quantity surveyor plays a pivotal role in the financial and contract management of construction projects, although the exact nature of the service they provide depends on the project employer’s terms of engagement. This can mean acting as consultant in a range of roles including cost and advisory services for budget setting to initiate a project, cost management through the design and construction phases, contract administration and acting as the client side project manager to oversee the entire building process.

Cost Management of Construction Projects focusses on the cost manager/quantity surveyor engaged by the project client, and discusses key elements that help drive project success including measurement (based on the New Rules of Measurement published by RICS), procurement, cost planning, contract administration and project cost management. With examples, it provides a thorough guide to the role in the workplace and in the field, directly addressing the day to day situations faced by the cost manager/quantity surveyor.

Contents
Chapter 1 Practice Procedures
  • 1.1 Organisation and structure
  • 1.2 Methods of appointment
  • 1.3 Business development
Chapter 2 RICS New Rules of Measurement (NRM) 
  • 2.1 What is NRM?
  • 2.2 RICS NRM2: Detailed measurement for building works
  • 2.3 Taking off
  • 2.4 Bill of quantities (BQ)
Chapter 3 Pre-contract cost management
  • 3.1 Cost planning
  • 3.2 Plans of work
  • 3.3 Development
  • 3.4 Design influence on cost
  • 3.5 Setting a budget
  • 3.6 Early design development
  • 3.7 Ongoing design development
  • 3.8 Self-checking of design development
  • 3.9 Action on variances
  • 3.10 Final design proposals and production information
  • 3.11 Cost planning accuracy
4 Procurement systems
  • 4.1 Procurement definition
  • 4.2 Meeting the client’s objectives
  • 4.3 Influencing reports and the need for change
  • 4.4 Procurement routes
  • 4.5 Appropriate procurement selection
Chapter 5 Construction contracts
  • 5.1 Freedom of contract and contract law
  • 5.2 Construction contracts
  • 5.3 Industrial standard forms of contract
  • 5.4 Form recommendation
  • 5.5 Pre-contract signing audit report
  • 5.6 Commitment to commence
  • 5.7 Project insurances
  • 5.8 Project securities
  • 5.9 Contract administration
Chapter 6 Post-contract cost management
  • 6.1 Professional appointment
  • 6.2 Conflict management
  • 6.3 Cost management
  • 6.4 Insolvency
  • 6.5 Client progress reports
  • 6.6 Performance feedback
  • Further Reading
  • Index

About the Authors
  • Donald Towey MRICS has extensive experience of the construction industry. His experience began as an estimator with a glass/glazing contractor in Manchester. Following a number of positions with UK contractors he relocated to Australia and has worked with a number of developers and main contractors, as well as doing freelance work. He is currently working in contracts management in Sydney.

Book Details
  • Paperback: 334 pages
  • Publisher: Wiley-Blackwell; 1 edition (August, 2013)
  • Language: English
  • ISBN-10: 1118473779
  • ISBN-13: 978-1118473771
  • Product Dimensions: 9.4 x 6.7 x 0.6 inches
  • List price: $70.00
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