This text examines estimating and bidding for construction work in the context of construction economics and construction management. It should appeal to undergraduate students of the built environment, particularly those studying building, construction economics and quantity surveying. After an introductory chapter on the construction industry and the market forces that operate within it, there follows a review of a range of estimating methods and an examination of the relationship between estimating and project planning. ...
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This text examines estimating and bidding for construction work in the context of construction economics and construction management. It should appeal to undergraduate students of the built environment, particularly those studying building, construction economics and quantity surveying. After an introductory chapter on the construction industry and the market forces that operate within it, there follows a review of a range of estimating methods and an examination of the relationship between estimating and project planning. Sub-contracting, the price of preliminaries, plan and specification contracts, and overheads, profit and project financing are each considered separately, with examples. The book considers the adjudication and bid submission process, and deals with risk and uncertainty in estimating and tendering, bidding strategies, the client's view of the competitive bidding process, consortium and joint venture bidding, and the use of computers.
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