By Keith Potts, Nii Ankrah
In this up-to-date and multiplied moment version, Keith Potts and Nii Ankrah study key concerns in building rate administration around the construction and civil engineering sectors, either within the united kingdom and in another country. most sensible perform from pre-contract to post-contract levels of the undertaking life-cycle are illustrated utilizing significant tasks comparable to Heathrow Terminal five, Crossrail and the London 2012 Olympics as case reviews.
More labored examples, felony situations, case reviews and present study were brought to hide each element of the fee manager’s function. Whole-life costing, worth administration, and probability administration also are addressed, and self-test questions on the finish of every bankruptcy aid self sufficient learning.
This finished publication is key interpreting for college students on surveying and development administration programmes, in addition to equipped surroundings practitioners with expense or undertaking administration responsibilities.
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Extra info for Construction Cost Management: Learning from Case Studies
14 Infrastructure in the New Era, Constructing Excellence and Pinsent Masons LLP (2011) In 2011 Constructing Excellence ratified a ‘seamless team approach’ and confirmed three overriding principles for project success: (1) common vision and leadership; (2) collaborative culture and behaviours; and (3) collaborative processes and tools. Six critical success factors were also identified: (1) early contractor involvement; (2) selection by value; (3) aligned commercial arrangements; (4) common processes and tools; (5) performance measurement; and (6) longterm relationships.
Ensure no party has to implement decisions which they have had no part in discussing and developing. Selection by value Select on quality, especially of the potential relationships, whole-life costs and benefits. Avoid historic (‘traditional’) procurement routes such as design-bid-build with lowest price tendering focused on upfront capital reduction. Appoint the best not ‘cheapest’ ’ and focus on out-turn cost and whole-life legacy value. g. single project bank accounts), project insurances. Avoid historic risk dumping forms of contract, exploiting suppliers on price, or late payments.
The new strategies now demand professionals with a wider knowledge of procurement strategies and project management – particularly planning and control systems, corporate governance, strategic positioning, organizational behaviour, supply chain management and the management of change. However, it is not the strategy or the wording of the contract that ensures success or failure, rather it is the attitude of the people involved. A genuine team spirit must be created with all team members having a can do, will do attitude (MPA, 2001).
Construction Cost Management: Learning from Case Studies by Keith Potts, Nii Ankrah