Integrated Conceptual Cost Estimating And Life Cycle Costing System For Building Projects

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Integrated Conceptual Cost Estimating and Life Cycle Costing System for Building Projects

Author : Ahmad Jrade
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Integrated Conceptual Cost Estimating and Life Cycle Costing System for Building Projects by : Ahmad Jrade

Download or read book Integrated Conceptual Cost Estimating and Life Cycle Costing System for Building Projects written by Ahmad Jrade and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost estimates are considered the most important and critical mission during the life cycle of a construction project. Preparing reliable and accurate estimates to help decision makers is the most challenging assignment that cost engineers and estimators can face. For decades, the construction industry focused on acquiring the construction costs of building facilities, neglecting the associated costs of running and maintaining them. Currently, by contrast, owners are interested in investigating the economics of facility management, which are the cost of owning and operating the building over its useful life. This thesis presents a methodology that can be used for an integrated conceptual cost estimating and life-cycle costing system for building projects. The methodology describes the development and implementation of a system that automates the preparation of conceptual cost estimates and forecasts future costs of running building projects. This methodology does so by joining Computer Integrated Construction (CIC) and Virtual Reality Environment (VRE). The system integrates relational databases, a preliminary estimate module, an AutoCAD module, a global module, a cost estimate forecasting and decision support-system modules, and life-cycle costing and sensitivity analysis modules. A modification in building design will result in an automatic generation of a new conceptual estimate. Subsequently, this modified drawing can be virtually animated and visualized by using a Virtual Reality browser. Finally, once capital costs are identified, the system forecasts the cost of running and maintaining the new building during its expected service life. Then, after assigning the range of deviation, it applies a sensitivity analysis method to investigate the most sensitive parameters so that further attention can be directed. Designing the system in a user-friendly environment allows owners and decision makers to envision the feasibility of new building projects within their anticipated life cycle. Moreover, it assists architects and cost engineers to generate conceptual cost estimates in a dynamic environment. A numerical example is presented to illustrate the usefulness and capabilities of the developed system.

Integrated Cost Budgeting and Cost Estimation Model for Building Projects

Author : Sarmad Al-Mashta
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Integrated Cost Budgeting and Cost Estimation Model for Building Projects by : Sarmad Al-Mashta

Download or read book Integrated Cost Budgeting and Cost Estimation Model for Building Projects written by Sarmad Al-Mashta and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cost Estimator's Reference Manual

Author : Rodney D. Stewart
Publisher : John Wiley & Sons
ISBN 13 : 9780471305101
Total Pages : 744 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis Cost Estimator's Reference Manual by : Rodney D. Stewart

Download or read book Cost Estimator's Reference Manual written by Rodney D. Stewart and published by John Wiley & Sons. This book was released on 1995-04-03 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's hypercompetitive global marketplace, accurate costestimating is crucial to bottom-line results. Nowhere is this moreevident than in the design and development of new products andservices. Among managing engineers responsible for developingrealistic cost estimates for new product designs, the number-onesource of information and guidance has been the Cost Estimator'sReference Manual. Comprehensive, authoritative, and practical, the Manual instructsreaders in the full range of cost estimating techniques andprocedures currently used in the fields of development, testing,manufacturing, production, construction, software, generalservices, government contracting, engineering services, scientificprojects, and proposal preparation. The authors clearly explain howto go about gathering the data essential to preparing a realisticestimate of costs and guide the reader step by step through eachprocedure. This new Second Edition incorporates a decade of progress in themethods, procedures, and strategies of cost estimating. All thematerial has been updated and five new chapters have been added toreflect the most recent information on such increasingly importanttopics as activity-based costing, software estimating,design-to-cost techniques, and cost implications of new concurrentengineering and systems engineering approaches to projects. Indispensable to virtually anyone whose work requires accurate costestimates, the Cost Estimator's Reference Manual will be especiallyvaluable to engineers, estimators, accountants, and contractors ofproducts, projects, processes, and services to both government andindustry. The essential ready-reference for the techniques, methods, andprocedures of cost estimating COST ESTIMATOR'S REFERENCE MANUAL Second Edition Indispensable for anyone who depends on accurate cost estimates forengineering projects, the Cost Estimator's Reference Manual guidesthe user through both the basic and more sophisticated aspects ofthe estimating process. Authoritative and comprehensive, the Manualseamlessly integrates the many functions--accounting, financial,statistical, and management--of modern cost estimating practice.Its broad coverage includes estimating procedures applied to suchareas as: * Production * Software * Development * General services * Testing * Government contracting * Manufacturing * Engineering * Proposal preparation * Scientific projects * Construction This updated and expanded Second Edition incorporates all the mostimportant recent developments in cost estimating, such asactivity-based costing, software estimating, design-to-costtechniques, computer-aided estimating tools, concurrentengineering, and life cycle costing. For engineers, estimators, accountants, planners, and others whoare involved in the cost aspects of projects, the Cost Estimator'sReference Manual is an invaluable information source that will payfor itself many times over.

Construction Cost Estimating

Author : Len Holm
Publisher : Routledge
ISBN 13 : 1000345130
Total Pages : 405 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Construction Cost Estimating by : Len Holm

Download or read book Construction Cost Estimating written by Len Holm and published by Routledge. This book was released on 2021-04-07 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Construction Cost Estimating equips a new generation of students and early-career professionals with the skills they need to bid successfully on projects. From developing bid strategies to submitting a completed bid, this innovative textbook introduces the fundamentals of construction estimating through a real-life case study that unfolds across its 24 chapters. Exercises at the end of each chapter offer hands-on practice with core concepts such as quantity take-offs, pricing, and estimating for subcontractor work. Online resources provide instant access to examples of authentic construction documents, including complete, detailed direct work estimates, subcontractor work estimates, general conditions estimates, markups, and summary schedules. Through its unique mix of real-world examples and classroom-tested insights, Construction Cost Estimating ensures that readers are familiar with the entire estimating process even before setting foot on the jobsite.

Project Life Cycle Economics

Author : Mr Massimo Pica
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 1472419642
Total Pages : 441 pages
Book Rating : 4.4/5 (724 download)

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Book Synopsis Project Life Cycle Economics by : Mr Massimo Pica

Download or read book Project Life Cycle Economics written by Mr Massimo Pica and published by Ashgate Publishing, Ltd.. This book was released on 2015-04-28 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: Massimo Pica explains the fundamentals of project life cycle economics and how they apply in the context of complex modern construction. This is an essential guide for those involved in construction project design, tendering and contracting; to help ensure the sustainability of the project or their contribution to it, from the start. It is also important for those involved in the delivery of the project to help them make the choices to keep the project on a financial even keel.

NBS Special Publication

Author :
Publisher :
ISBN 13 :
Total Pages : 832 pages
Book Rating : 4.:/5 (41 download)

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Book Synopsis NBS Special Publication by :

Download or read book NBS Special Publication written by and published by . This book was released on 1972 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Conceptual Cost Estimating Computer System for Building Projects

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (654 download)

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Book Synopsis A Conceptual Cost Estimating Computer System for Building Projects by :

Download or read book A Conceptual Cost Estimating Computer System for Building Projects written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Computer Integrated Model to Estimate the Construction Cost and Duration of Building Projects at Their Feasibility Stage

Author : Wesam Njeem
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (871 download)

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Book Synopsis Computer Integrated Model to Estimate the Construction Cost and Duration of Building Projects at Their Feasibility Stage by : Wesam Njeem

Download or read book Computer Integrated Model to Estimate the Construction Cost and Duration of Building Projects at Their Feasibility Stage written by Wesam Njeem and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Presently, owners are interested in evaluating the feasibility of investing in the construction of new building projects based on cost and time constraints. They need to therefore have an idea about the project construction costs, the time required to finish construction of a project in its conceptual phase, and about the implementation of feasibility study. Because due to associated risks, construction cost estimates and schedules are vital to any project. The research's objective is to develop a methodology that can be used to create an integrated computer model that helps owners and designers generate construction cost estimates, and derive the baseline schedule for any proposed building project at its feasibility stage. All the relevant data used within the model is collected from the literature and is stored in comprehensive databases designed for this purpose. The data is based on 2011 RSMeans publications and consist of around 4,000 previously constructed projects. The model is developed in a Microsoft environment using Microsoft Excel 2007 and Microsoft Project 2007. This model uses deterministic and stochastic approaches to execute all necessary calculations for the conceptual cost estimate and baseline schedule. A deterministic approach relies on realistic data while a stochastic one relies on incorporating the uncertainty and risk available in calculating the cost and duration of any construction building project. The model is user friendly, flexible and executes all the necessary calculations quickly. The successful development of the model would help owners and investors identify the cost and baseline schedule of proposed projects at the early stages of the project life, so that they have an idea of the budget required for construction and the time needed to recover their investment.

Whole Life-Cycle Costing

Author : Abdelhalim Boussabaine
Publisher : John Wiley & Sons
ISBN 13 : 0470759151
Total Pages : 264 pages
Book Rating : 4.4/5 (77 download)

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Book Synopsis Whole Life-Cycle Costing by : Abdelhalim Boussabaine

Download or read book Whole Life-Cycle Costing written by Abdelhalim Boussabaine and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.

The Engineer's Cost Handbook

Author : Richard E. Westney
Publisher : CRC Press
ISBN 13 : 020391001X
Total Pages : 774 pages
Book Rating : 4.2/5 (39 download)

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Book Synopsis The Engineer's Cost Handbook by : Richard E. Westney

Download or read book The Engineer's Cost Handbook written by Richard E. Westney and published by CRC Press. This book was released on 1997-02-26 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers coverage of each important step in engineering cost control process, from project justification to life-cycle costs. The book describes cost control systems and shows how to apply the principles of value engineering. It explains estimating methodology and the estimation of engineering, engineering equipment, and construction and labour costs

Project Estimating and Cost Management

Author : Parviz F. Rad
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1523096918
Total Pages : 129 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Project Estimating and Cost Management by : Parviz F. Rad

Download or read book Project Estimating and Cost Management written by Parviz F. Rad and published by Berrett-Koehler Publishers. This book was released on 2001-10 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improve the accuracy of project estimates and make better in-progress modifications by following the discipline-independent approach mapped out in this book. Learn the best ways to apply new tools, including a breakdown structure for both work and resources and proven estimating models. In addition, you'll gain insights into best practices for progress monitoring and cost management, as well as for dealing effectively with external projects.

Cost and Value Management in Projects

Author : Ray R. Venkataraman
Publisher : John Wiley & Sons
ISBN 13 : 1118174186
Total Pages : 256 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Cost and Value Management in Projects by : Ray R. Venkataraman

Download or read book Cost and Value Management in Projects written by Ray R. Venkataraman and published by John Wiley & Sons. This book was released on 2011-08-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them, and the managerial approaches that would be most effective for achieving cost efficiency and value optimization. This book addresses cost from a strategic perspective, offering thorough coverage of the various elements of value management such as value planning, value engineering and value analysis from the perspective of projects.

Conceptual Cost Estimating Manual

Author : John S. Page
Publisher : Gulf Professional Publishing
ISBN 13 : 9780884152675
Total Pages : 348 pages
Book Rating : 4.1/5 (526 download)

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Book Synopsis Conceptual Cost Estimating Manual by : John S. Page

Download or read book Conceptual Cost Estimating Manual written by John S. Page and published by Gulf Professional Publishing. This book was released on 1996-06-14 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating Building Costs

Author : Calin M. Popescu
Publisher : CRC Press
ISBN 13 : 0824748549
Total Pages : 670 pages
Book Rating : 4.8/5 (247 download)

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Book Synopsis Estimating Building Costs by : Calin M. Popescu

Download or read book Estimating Building Costs written by Calin M. Popescu and published by CRC Press. This book was released on 2003-04-22 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies live or die on the basis of estimating their costs. Preparing estimates and bidding for new jobs is a complex and often costly process. There is no substitute for on the job training -- until now. Drawing on the authors' combined experience of more than 70 years, Estimating Building Costs presents state-of-the-art principles, practices, and techniques for assessing these expenditures that can be applied regardless of changes in the costs of materials, equipment, and labor. The book is an efficient and practical tool for developing contracts or controlling project costs. The authors cover the major components of the direct cost: estimating procedures and cost trends related to materials, construction equipment, and skilled and unskilled labor. They describe various types of building estimates encountered during the lifecycle of a project, as well as the role and accuracy of each. The book provides an overview of the industry, cost indexes in use, approaches to preparing a detailed estimate, and an in-depth description of the organization and function of the estimating group. Including CSI Master Format and UniFormat codes, estimating forms, a list of available estimating software packages, a detailed construction site and investigation report, the book provides a cost estimating methodology that readers can tailor to their own organizational needs.

Successful Estimating Methods

Author : John D. Bledsoe
Publisher : R.S. Means Company
ISBN 13 :
Total Pages : 318 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Successful Estimating Methods by : John D. Bledsoe

Download or read book Successful Estimating Methods written by John D. Bledsoe and published by R.S. Means Company. This book was released on 1992 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part I covers preparation of estimates at every phase of a construction project. Part II covers advanced and specialized estimating, including spreadsheet programs, task or schedule estimating, public works and heavy construction estimating, balanced and unbalanced bidding, change orders and litigation.Includes: -- How and when to use Unit Price, Assemblies and conceptual estimates. -- How to create and update spreadsheet estimates -- with working samples that can be downloaded from Means Internet Web site. -- Strategies to ensure accuracy, with proven self-check methods. -- How to do trade-off cost comparisons of construction methods and equipment. -- Life Cycle Cost Analysis and Value Engineering.

Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings

Author : Edyta Plebankiewicz
Publisher :
ISBN 13 : 9783036522951
Total Pages : 220 pages
Book Rating : 4.5/5 (229 download)

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Book Synopsis Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings by : Edyta Plebankiewicz

Download or read book Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings written by Edyta Plebankiewicz and published by . This book was released on 2021-11 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Life cycle cost (LCC) method makes it possible for the whole life performance of buildings and other structures to be optimized. The introduction of the idea of thinking in terms of a building life cycle resulted in the need to use appropriate tools and techniques for assessing and analyzing costs throughout the life cycle of the building. Traditionally, estimates of LCC have been calculated based on historical analysis of data and have used deterministic models. The concepts of probability theory can also be applied to life cycle costing, treating the costs and timings as a stochastic process. If any subjectivity is introduced into the estimates, then the uncertainty cannot be handled using the probability theory alone. The theory of fuzzy sets is a valuable tool for handling such uncertainties. In this Special Issue, a collection of 11 contributions provide an updated overview of the approaches for estimating the life cycle cost of buildings.

Life Cycle Costing for Construction

Author : J.W. Bull
Publisher : Routledge
ISBN 13 : 113569785X
Total Pages : 172 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Life Cycle Costing for Construction by : J.W. Bull

Download or read book Life Cycle Costing for Construction written by J.W. Bull and published by Routledge. This book was released on 2003-10-04 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The construction industry is becoming increasingly aware of the need to adopt a holistic approach to the design, building, and disposal of structures. With 60 per cent of the total construction budget in most developed countries being spent on repair and maintenance, there is an obvious need to design for reliability and durability, with more carefully planned maintenance and repair schedules. One important facet is to look at how costs are distributed and spent during the lifetime of a structure: an approach known as life cycle costing, which has the ultimate aim of minimising total lifetime expenditure. As an example, choosing an inexpensive coating for steelwork may require maintenance every three years, whereas a coating which is more expensive may require repairing only once per decade. It is a question of balance - taking the lifetime costs of the structure into consideration. This new book provides an insight into how whole life costing is affecting our approach to designing, building, maintaining and disposing of structures. The book is written for consulting engineers in the fields of civil and structural engineering, building designers, architects, quantity surveyors, refurbishing specialists, as well as practising civil and structural engineers engaged in planning, design, construction, repair and refurbishment of structures.