Commercial Management In Construction

Author : Ian Walker,Robert Wilkie
Publisher : Wiley-Blackwell
Page : 192 pages
File Size : 48,8 Mb
Release : 2002-09-10
Category : Technology & Engineering
ISBN : 0632058277

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Commercial Management in Construction by Ian Walker,Robert Wilkie Pdf

This handbook covers all the practices and procedures the quantity surveyor working in a contractor's office needs to know - from budgets and forecasts to cost-value comparisons and partnering. By giving a thorough account of the commercial aspects of the work of the contractor's QS, the book offers a useful insight into their day-to-day work, with plenty of sample documents, worked examples and extracts from the standard contracts. This is a practical manual but it also helps develop an understanding of the theory underpinning current practice. As the QS role becomes more complex, commercial managers wanting to maximise profitability will find the sound advice given here invaluable as it: ? demonstrates tried-and-tested best practice through practical examples ? provides a good grounding in financial management and cost analysis ? describes the need for benchmarking, the benefits of setting targets and the use of key performance indicators (KPI's) as a means of increasing project and company performance ? highlights the benefits of teamworking.

Author : David Lowe,Roine Leiringer
Publisher : John Wiley & Sons
Page : 480 pages
File Size : 48,7 Mb
Release : 2008-04-15
Category : Technology & Engineering
ISBN : 9781405171892

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Commercial Management of Projects by David Lowe,Roine Leiringer Pdf

This is the first book to establish a theoretical framework forcommercial management. It argues that managing the contractual andcommercial issues of projects – from project inception tocompletion – is vital in linking operations at the projectlevel and the multiple projects (portfolios/ programmes) level tothe corporate core of a company. The book focuses on commercial management within the context ofproject oriented organisations, for example: aerospace,construction, IT, pharmaceutical and telecommunications – inthe private and public sectors. By bringing together contributionsfrom leading researchers and practitioners in commercialmanagement, it presents the state-of-the-art in commercialmanagement covering both current research and best practice. Commercial Management of Projects: defining thediscipline covers the external milieu (competition,culture, procurement systems); the corporate milieu(corporate governance, strategy, marketing, trust, outsourcing);the projects milieu (management of uncertainty, conflictmanagement and dispute resolution, performance measurement, valuemanagement); and the project milieu (project governance,contract management, bidding, purchasing, logistics and supply,cost value reconciliation). Collectively the chapters constitute a step towards the creationof a body of knowledge and a research agenda for commercialmanagement.

Author : David Lowe
Publisher : John Wiley & Sons
Page : 533 pages
File Size : 47,6 Mb
Release : 2013-05-31
Category : Technology & Engineering
ISBN : 9781118486122

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Commercial Management by David Lowe Pdf

Commercial Management: theory and practice defines the role of commercial management within project-oriented organisations, providing a framework for and helping to develop a critical understanding of the factors that influence commercial management practice. It also identifies generic aspects of this practice and provides a theoretical foundation to these activities, by reference to existing and emergent theories and concepts, as well as to relevant management best practice. The book is structured into four parts: Part 1 Introduction – Commercial Management in Project Environments explores the nature of commercial practice within project-oriented organisations at the buyer-seller interface. It presents a Commercial Management framework, which illustrates the multiple interactions and connections between the purchaser‘s procurement cycle and a supplier‘s bidding and implementation cycles. Additionally, it outlines the principle activities undertaken by the commercial function, identifies the skills and abilities that support these activities and reviews the theories and concepts that underpin commercial practice. Finally, it identifies areas of commonality of practice with other functions found within project-oriented organisations, plus sources of potential conflict and misunderstanding. Part 2 – Elements of Commercial Theory and Practice covers commercial leadership; exploring strategy; risk and uncertainty management; financial decision-making; and key legal issues. Part 3 – Approaches to Commercial Practice addresses best practice management; and commercial and contracting strategies and tactics. Finally, Part 4 – Case Studies offers two extended case studies: Football Stadia (the Millennium Stadium, Cardiff; the Emirates Stadium, Islington; and Wembley Stadium, London); and Heathrow Terminal 5. The book provides a one-stop-shop to the many topics that underpin commercial management practice from both a demand (buy-side) and a supply (sell-side) perspective. It will help develop an understanding of the issues influencing commercial management: leadership, strategy, risk, financial, legal, best practice management and commercial and contracting strategy and tactics. This book’s companion website is at www.wiley.com/go/lowecommercialmanagement and offers invaluable resources for both students and lecturers: • PowerPoint slides for lecturers on each chapter • Sample exam questions for students to practice • Weblinks to key journals and relevant professional bodies

Author : Robert D. Gilbreath
Publisher : John Wiley & Sons
Page : 320 pages
File Size : 48,8 Mb
Release : 1992-04-16
Category : Technology & Engineering
ISBN : 0471569321

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Managing Construction Contracts by Robert D. Gilbreath Pdf

This Second Edition focuses on the commercial issues of contracting, covering the lifespan of a contract in four stages: inception of need, bid and award, administration, termination. Written from the owners' perspective, it is appropriate for construction managers and contract administrators. New material includes the effects of the computer on construction management practices, the risks and rewards of cross-border contracts and the role of the lawyer.

Author : David Lowe
Publisher : John Wiley & Sons
Page : 533 pages
File Size : 46,8 Mb
Release : 2013-08-05
Category : Technology & Engineering
ISBN : 9781405124683

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Commercial Management by David Lowe Pdf

Commercial Management: theory and practice defines the role of commercial management within project-oriented organisations, providing a framework for and helping to develop a critical understanding of the factors that influence commercial management practice. It also identifies generic aspects of this practice and provides a theoretical foundation to these activities, by reference to existing and emergent theories and concepts, as well as to relevant management best practice. The book is structured into four parts: Part 1 Introduction – Commercial Management in Project Environments explores the nature of commercial practice within project-oriented organisations at the buyer-seller interface. It presents a Commercial Management framework, which illustrates the multiple interactions and connections between the purchaser‘s procurement cycle and a supplier‘s bidding and implementation cycles. Additionally, it outlines the principle activities undertaken by the commercial function, identifies the skills and abilities that support these activities and reviews the theories and concepts that underpin commercial practice. Finally, it identifies areas of commonality of practice with other functions found within project-oriented organisations, plus sources of potential conflict and misunderstanding. Part 2 – Elements of Commercial Theory and Practice covers commercial leadership; exploring strategy; risk and uncertainty management; financial decision-making; and key legal issues. Part 3 – Approaches to Commercial Practice addresses best practice management; and commercial and contracting strategies and tactics. Finally, Part 4 – Case Studies offers two extended case studies: Football Stadia (the Millennium Stadium, Cardiff; the Emirates Stadium, Islington; and Wembley Stadium, London); and Heathrow Terminal 5. The book provides a one-stop-shop to the many topics that underpin commercial management practice from both a demand (buy-side) and a supply (sell-side) perspective. It will help develop an understanding of the issues influencing commercial management: leadership, strategy, risk, financial, legal, best practice management and commercial and contracting strategy and tactics. This book’s companion website is at www.wiley.com/go/lowecommercialmanagement and offers invaluable resources for both students and lecturers: • PowerPoint slides for lecturers on each chapter • Sample exam questions for students to practice • Weblinks to key journals and relevant professional bodies

Author : Brian Greenhalgh,Graham Squires
Publisher : Routledge
Page : 273 pages
File Size : 42,7 Mb
Release : 2011-01-11
Category : Architecture
ISBN : 9781134016846

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Introduction to Building Procurement by Brian Greenhalgh,Graham Squires Pdf

The procurement stage of the building process is critical to the success of any building project, and as such must be understood by everybody entering the industry. This book familiarises the reader with the principles and methods of the procurement of buildings, starting at the most basic level.

Author : Chris Hendrickson,Tung Au
Publisher : Chris Hendrickson
Page : 425 pages
File Size : 47,8 Mb
Release : 1989
Category : Construction industry
ISBN : 9780137312665

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Project Management for Construction by Chris Hendrickson,Tung Au Pdf

Author : Donald Towey
Publisher : John Wiley & Sons
Page : 342 pages
File Size : 50,7 Mb
Release : 2013-06-12
Category : Technology & Engineering
ISBN : 9781118473801

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Cost Management of Construction Projects by Donald Towey Pdf

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. 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.

Author : Yan Tan
Publisher : CRC Press
Page : 245 pages
File Size : 50,8 Mb
Release : 2020-04-02
Category : Technology & Engineering
ISBN : 9780429753671

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Large-Scale Construction Project Management by Yan Tan Pdf

A majority of large-scale construction and major infrastructure projects are funded by public funds from taxpayers. However, these projects are often subject to severe delays and cost overruns. Large-Scale Construction Project Management: Understanding Legal and Contract Requirements introduces integrated approaches to project management and control mechanisms to effectively manage large-scale construction projects. It explains the contractual requirements and associated legal principles under the latest edition of the leading standard forms of contracts, including FIDIC 2017, NEC4, and JCT 2016. It explains integrated project governance regarding time, cost, risk, change, contract management, and more. Further, it discusses the legal issues of scheduling delays and disruptions regarding the Delay and Disruption Protocol (Society of Construction Law) as well as Forensic Schedule Analysis guidance (American Association of Cost Engineering). Features: Provides strategies to effectively resolve disputes during construction projects Examines Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) Introduces the most recent software and techniques used in managing large-scale construction projects This book serves as a useful resource for project control and management professionals, researchers in construction management and project management, and students in building construction management and project management.

Author : Roy Kistner
Publisher : Createspace Independent Publishing Platform
Page : 26 pages
File Size : 48,8 Mb
Release : 2015-08-17
Category : Electronic
ISBN : 1522876596

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The Basics of Project Management for Commercial Construction by Roy Kistner Pdf

This publication is intended to educate the individual who is starting out in the Construction Management field about the basic knowledge needed for successful management of the commercial construction project. From the Authors 37 years of experience in the construction field, you are introduced to the correct and full understanding of what makes up the complete construction documents, important elements of the estimators role in handing off the project to the construction manager. Important aspects of how to handle Owner/Architect meetings, submitting Requests for Information, successfully submitting Change Orders and Applications for payment along with maintaining the project schedule. The ideas in this publication come straight from the Authors experience in estimating and managing commercial construction projects ranging from 10 to 20 million dollars in value.

Author : Andrew Ross,Peter Williams
Publisher : John Wiley & Sons
Page : 458 pages
File Size : 40,9 Mb
Release : 2013-01-29
Category : Technology & Engineering
ISBN : 9781405125062

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Financial Management in Construction Contracting by Andrew Ross,Peter Williams Pdf

This authoritative text provides a detailed insight into how construction companies manage their finances at both corporate and project level. It will guide students and practitioners through the complexities of the financial reporting of construction projects within the constraints of accepted accounting practice. The book is written for non-accountants and from a contractor’s perspective and is equally relevant to subcontractors and main contractors. The authors examine the relationship between the external annual accounts and the internal cost-value reconciliation process. CVR is covered in depth and the authors consider issues such as interim payments, subcontract accounts, contractual claims, final accounts, cash flow management and the reporting of the physical and financial progress of contracts. A broad perspective of all the financial aspects of contracting is taken along with related legal issues and the authors explain how things operate in the ‘real world’. They describe good practice in financial control while at the same time being honest about some of the more questionable practices that can - and do - happen. The approach taken is unique as the financial management of construction projects is considered from the perspective of the contractor’s quantity surveyor. The book deals with the real issues that surveyors have to address when using their judgment to report turnover, profitability, cash flow, and work in progress on projects and the financial problems faced by subcontractors are frankly and pragmatically explored. The payment and notice requirements of the Construction Act are explained in detail and relevant provisions of JCT2011, NEC3, ICC, DOM/1 and other standard contracts and subcontracts are also covered. Financial Management in Construction Contracting addresses the wide variety of external factors that influence how construction companies operate, including government policy, banking covenants and the financial aspects of supply chain management. Cost reporting systems are described and real-life examples are used to illustrate cost reports, accrual systems and how computerised systems can be employed to provide the QS with information that can be audited. Examples drawn from practice demonstrate how work-in-progress (WIP) is reported in contracting. Cost value reconciliation reports are featured and the book demonstrates how adjustments are made for overmeasure, undermeasure, subcontract liabilities and WIP as well as explaining the processes that contractors use when analysing external valuations. This is the ideal core text for final year degree and post-graduate level modules on Quantity Surveying, Commercial Management, Construction Management and Project Management courses and will provide an invaluable source of reference for quantity surveyors and others who may be engaged in the financial management of construction projects. The book’s companion website at www.wiley.com/go/rossfinancialmanagement offers invaluable resources for students and lecturers as well as for practising construction managers: end-of-chapter exercises + outline answers PowerPoint slides for each chapter ideas for discussion topics links to useful websites

Author : Brian Greenhalgh
Publisher : Routledge
Page : 207 pages
File Size : 40,5 Mb
Release : 2013-01-17
Category : Technology & Engineering
ISBN : 9781136164002

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Introduction to Estimating for Construction by Brian Greenhalgh Pdf

Students and professionals encountering estimating for the first time need an approachable introduction to its principles and techniques, which is up to date with current practice. Introduction to Estimating for Construction explains both the traditional techniques, and best practice in early contractor involvement situations, within the framework of modern construction procurement. As well as introducing different estimating techniques, it includes: The nature of costs in construction from a cost of resources approach Modern tendering procedures and the stages of development of construction projects How to convert an estimate into a formal tender and then into a contract Simple numerical examples of estimates Estimating and cost analysis during the construction project Summaries and discussion questions in every chapter This is an easy to read introduction to building estimating for undergraduate students, or anyone working in a quantity surveying or construction commercial management role who needs a quick reference.

Author : Project Management Institute
Publisher : Unknown
Page : 215 pages
File Size : 50,9 Mb
Release : 2016-10-01
Category : Electronic
ISBN : 1628250909

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Construction Extension to the PMBOK® Guide by Project Management Institute Pdf

A Guide to the Project Management Body of Knowledge (PMBOK� Guide) provides generalized project management guidance applicable to most projects most of the time. In order to apply this generalized guidance to construction projects, the Project Management Institute has developed the Construction Extension to the PMBOK� Guide. This Construction Extension provides construction-specific guidance for the project management practitioner for each of the PMBOK� Guide Knowledge Areas, as well as guidance in these additional areas not found in the PMBOK� Guide: * All project resources, rather than just human resources * Project health, safety, security, and environmental management * Project financial management, in addition to cost * Management of claims in construction This edition of the Construction Extension also follows a new structure, discussing the principles in each of the Knowledge Areas rather than discussing the individual processes. This approach broadens the applicability of the Construction Extension by increasing the focus on the "what” and "why” of construction project management. This Construction Extension also includes discussion of emerging trends and developments in the construction industry that affect the application of project management to construction projects.

Author : Wayne J. Del Pico
Publisher : John Wiley & Sons
Page : 616 pages
File Size : 46,9 Mb
Release : 2012-04-30
Category : Technology & Engineering
ISBN : 9781118243541

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Estimating Building Costs for the Residential and Light Commercial Construction Professional by Wayne J. Del Pico Pdf

How to succeed in the construction business step-by-step guidelines for estimating To be competitive, contractors and homebuilders need to know how to generate complete, accurate estimates for labor and material costs. This book guides readers through the entire estimating process, explaining in detail how to put together a reliable estimate that can be used not only for budgeting, but also for developing a schedule, managing a project, dealing with contingencies, and ultimately making a profit. Completely revised and updated to reflect the new CSI MasterFormat 2010TM system, the Second Edition of this practical guide describes estimating techniques for each building system and how to apply them according to the latest industry standards. Cost considerations and quantity takeoff and pricing are included for virtually every type of work found in residential and light commercial projects, from demolition, concrete, and masonry to windows and doors, siding, roofing, mechanical and electrical systems, finish work, and site construction. Complete with many new graphics and references to professional construction cost databases, the new edition provides experienced contractors and novices alike with essential information on: How to correctly interpret plans and specifications, reflecting updates to contract documents since the first edition Computer estimating techniques and new estimating software for performing quantity takeoff The best methods for conceptual estimating as well as the extremely useful topic of parametric estimating How to allocate the right amounts for profit and contingencies, and other hard-to-find professional guidance How a unit price estimate is built along with labor issues and budgeting for subcontractor work

Author : Fred Sherratt
Publisher : Taylor & Francis
Page : 437 pages
File Size : 45,8 Mb
Release : 2022-09-29
Category : Business & Economics
ISBN : 9781000647617

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Introduction to Construction Management by Fred Sherratt Pdf

Introduction to Construction Management, Second Edition, is the beginner’s guide to key concepts, terms, processes and practices associated with modern construction management. The new edition has been fully updated with new data, case studies and enhancements and remains the most practical and accessible book on the subject available. Significant new topics have been added including construction ethics, coverage of mental health and wellbeing in the industry, project delivery and Construction 4.0, to make this the most cutting-edge book available for students on construction and engineering management courses. Supported by diagrams, illustrations and case studies, the book starts with a general introduction to the industry and covers the relevant management theory before providing applied coverage of: Production management Commercial management Quality management Health and Safety management Environmental management This is the most approachable text available for anyone starting to learn about construction management at any level.