Construction cost management: learning from case studies

In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas. Best practice from pre-contract to post-contract phases of the project life-cycle are illustrated using major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics as case studies. More worked examples, legal cases, case studies and current research have been introduced to cover every aspect of the cost manager's role. Whole-life costing, value management, and risk management are also addressed, and self-test questions at the end of each chapter support independent learning. This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities.

"First edition published 2008 by Taylor and Francis"--Title page verso.

"Simultaneously published in the USA and Canada"--Title page verso.

Part 1. Introduction -- Introduction and Overview -- Reports and Recommendations -- Part 2. Management of the Pre-contract Stage -- Selecting the Cosultants and Contractors -- Pre-contract Cost Management -- Cost Management on PFI Projects -- Contractor's Estimating and Tendering -- Part 3. Key Tools and Techniques -- Value Management -- Risk Management -- Whole-life Costing -- Part 4. Procurement Strategies -- Organizational Methods -- Organizational Methods -- Payment Systems and Contract Administration -- Part 5. Management of the Post-contract Stage -- Contractors' Cost Control and Monitoring Procedures -- Change Management : Valuing Variations -- Claims Management -- Part 6. Contracts and Case Studies -- The Engineering and Construction Contract -- FIDIC Standard Forms of International Construction Contract -- Case Study: Heathrow Terminal.