Architect's Essentials of Cost Management (The Architect's Essentials of Professional Practice)

323 Pages·2002·5.52 MB·English

by  Michael D. Dell'Isola

Architect’s
Essentials of
Cost
Management
Michael D. Dell’Isola, PE, CVS
John Wiley & Sons, Inc.

Architect’s
Essentials of
Cost
Management

Architect’s
Essentials of
Cost
Management
Michael D. Dell’Isola, PE, CVS
John Wiley & Sons, Inc.
Copyright © 2002 by John Wiley & Sons, Inc., New York.
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CCoOnNteTnEtNs TS
Foreword ix
Acknowledgments xiii
1
Introduction 1
Terminology 4
Cost Management Considerations 5
Cost Management Methodology 12
2
Building Economics 17
Breakdown of Construction Costs 18
Cost Components 22
Distribution of Hard Costs 25
Factors That Influence Building Costs 28
Conclusions 47
v
3
Cost-Estimating Methodology 49
Establishing Standard Formats 50
Identifying and Managing Cost Drivers 73
Estimate Preparation Principles 81
Cost-Estimating Methods 96
Dealing with Escalation and Contingencies 115
Risk Management and Range Estimating 119
Special Estimating Challenges 123
Value Management 125
Life-Cycle Costing 141
Conclusions 160
4
Cost-Estimating Tools 161
Interpreting Cost Information 161
Using Cost Indexes 163
Referencing Published Cost Information 184
Developing and Maintaining Cost
Data Files 184
Doing Computer-Assisted Estimating 191
Conclusions 193
5
Cost Management Methodology 195
Integrating the Cost Management Process 196
Planning, Programming, and Budgeting 202
Budgeting Methods 212
Managing Costs during Design 238
vi Contents
Implementing Construction Phase
Cost Management 262
Understanding the Impact of Delivery
Methods on Cost Management 274
Conclusions 292
References 295
Index 299
Contents vii