Parametric Cost Modeling For Buildings

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Parametric Cost Modeling for Buildings

Author : Donald E. Parker
Publisher : Routledge
ISBN 13 : 131768947X
Total Pages : 185 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Parametric Cost Modeling for Buildings by : Donald E. Parker

Download or read book Parametric Cost Modeling for Buildings written by Donald E. Parker and published by Routledge. This book was released on 2014-05-23 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful cost management and value engineering in construction is based on accurate and early estimations of cost, and this book is the quickest route to creating a cost plan from scratch. The budgeting system described in this book will help the reader to: document project scope at a level that provides excellent cost control at design stage establish the parameters of potential sites before selecting one determine the amount of financing needed before deciding to bid on a project make a detailed and robust building project budget determine the rental rate necessary to see if a building project will be marketable The technique used is a parametric cost system, not the square foot cost system used by most who quote an up-front building cost. To help calculate the parameter quantities and price them as quantified, this book comes with 5 electronic templates to calculate program scope; i.e. – space, configuration, HVAC loads, plumbing and electrical. It also includes: the author’s parametric cost database and cost template to prepare the construction estimate a soft cost template to price out all related program costs, convert them to a monthly cash flow, incorporate financing costs and then reveal the final budget an operation and maintenance annual cost template to calculate those variable and fixed costs necessary to run the building and then convert the result into the necessary rental rate to capitalize all costs The spreadsheets, data, advice, and templates, are all introduced through a detailed case study, placing everything in an easy to understand practical context. This will prove an invaluable guide not only for estimators and cost engineers, but also developers, clients, and architects.

Parametric Cost Modeling for Buildings

Author : Donald Parker
Publisher : Routledge
ISBN 13 : 9781138464599
Total Pages : pages
Book Rating : 4.4/5 (645 download)

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Book Synopsis Parametric Cost Modeling for Buildings by : Donald Parker

Download or read book Parametric Cost Modeling for Buildings written by Donald Parker and published by Routledge. This book was released on 2017-08-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful cost management and value engineering in construction is based on accurate and early estimations of cost, and this book is the quickest route to creating a cost plan from scratch. The budgeting system described in this book will help the reader to: document project scope at a level that provides excellent cost control at design stage establish the parameters of potential sites before selecting one determine the amount of financing needed before deciding to bid on a project make a detailed and robust building project budget determine the rental rate necessary to see if a building project will be marketable The technique used is a parametric cost system, not the square foot cost system used by most who quote an up-front building cost. To help calculate the parameter quantities and price them as quantified, this book comes with 5 electronic templates to calculate program scope; i.e. � space, configuration, HVAC loads, plumbing and electrical. It also includes: the author�s parametric cost database and cost template to prepare the construction estimate a soft cost template to price out all related program costs, convert them to a monthly cash flow, incorporate financing costs and then reveal the final budget an operation and maintenance annual cost template to calculate those variable and fixed costs necessary to run the building and then convert the result into the necessary rental rate to capitalize all costs The spreadsheets, data, advice, and templates, are all introduced through a detailed case study, placing everything in an easy to understand practical context. This will prove an invaluable guide not only for estimators and cost engineers, but also developers, clients, and architects.

Parametric Cost Modeling for Buildings

Author : Donald E. Parker
Publisher : Routledge
ISBN 13 : 1317689461
Total Pages : 184 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Parametric Cost Modeling for Buildings by : Donald E. Parker

Download or read book Parametric Cost Modeling for Buildings written by Donald E. Parker and published by Routledge. This book was released on 2014-05-23 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful cost management and value engineering in construction is based on accurate and early estimations of cost, and this book is the quickest route to creating a cost plan from scratch. The budgeting system described in this book will help the reader to: document project scope at a level that provides excellent cost control at design stage establish the parameters of potential sites before selecting one determine the amount of financing needed before deciding to bid on a project make a detailed and robust building project budget determine the rental rate necessary to see if a building project will be marketable The technique used is a parametric cost system, not the square foot cost system used by most who quote an up-front building cost. To help calculate the parameter quantities and price them as quantified, this book comes with 5 electronic templates to calculate program scope; i.e. – space, configuration, HVAC loads, plumbing and electrical. It also includes: the author’s parametric cost database and cost template to prepare the construction estimate a soft cost template to price out all related program costs, convert them to a monthly cash flow, incorporate financing costs and then reveal the final budget an operation and maintenance annual cost template to calculate those variable and fixed costs necessary to run the building and then convert the result into the necessary rental rate to capitalize all costs The spreadsheets, data, advice, and templates, are all introduced through a detailed case study, placing everything in an easy to understand practical context. This will prove an invaluable guide not only for estimators and cost engineers, but also developers, clients, and architects.

Parametric cost estimating model for conceptual cost estimating of building construction projects

Author : Kan Phaobunjong
Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.:/5 (539 download)

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Book Synopsis Parametric cost estimating model for conceptual cost estimating of building construction projects by : Kan Phaobunjong

Download or read book Parametric cost estimating model for conceptual cost estimating of building construction projects written by Kan Phaobunjong and published by . This book was released on 2002 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Parametric Estimating

Author : Robert J. McGarrity
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Parametric Estimating by : Robert J. McGarrity

Download or read book Parametric Estimating written by Robert J. McGarrity and published by . This book was released on 1988 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically, the need for accurate and reliable cost estimates prior to the actual design has proven to be invaluable. One technique being utilized by the construction industry to fulfill this need is parametric estimating. The objective of this paper is to develop a parametric estimating model. In order to achieve this goal the concepts and theory behind parametric estimating are first explained and then demonstrated by the presentation of two previously published parametric models. Lastly, a parametric model developed to provide predesign estimates for buildings is explained and tested. Keywords: Regression analysis; Tables data. (KR).

From Product Description to Cost: A Practical Approach

Author : Pierre Marie Maurice Foussier
Publisher : Springer Science & Business Media
ISBN 13 : 1846283353
Total Pages : 317 pages
Book Rating : 4.8/5 (462 download)

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Book Synopsis From Product Description to Cost: A Practical Approach by : Pierre Marie Maurice Foussier

Download or read book From Product Description to Cost: A Practical Approach written by Pierre Marie Maurice Foussier and published by Springer Science & Business Media. This book was released on 2006-04-04 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost estimating is a powerful tool in industry and business. Anyone involved in cost estimating will find this book extremely useful because of the real life examples, which mean they can use the information in real situations immediately.

Cost Modelling

Author : Martin Skitmore
Publisher : Taylor & Francis
ISBN 13 : 0419192301
Total Pages : 500 pages
Book Rating : 4.4/5 (191 download)

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Book Synopsis Cost Modelling by : Martin Skitmore

Download or read book Cost Modelling written by Martin Skitmore and published by Taylor & Francis. This book was released on 1999 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost models underlie all the techniques used in construction cost and price forecasting. An understanding of the various types of models is vital to the success of forecasting, implications of design decisions and to effective cost control.

Process-Based Cost Modeling to Support Target Value Design

Author : Hung Viet Nguyen
Publisher :
ISBN 13 :
Total Pages : 348 pages
Book Rating : 4.:/5 (769 download)

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Book Synopsis Process-Based Cost Modeling to Support Target Value Design by : Hung Viet Nguyen

Download or read book Process-Based Cost Modeling to Support Target Value Design written by Hung Viet Nguyen and published by . This book was released on 2010 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current practice of collecting construction cost data, the cost of an installed component is compiled by adding up the cost of materials plus the cost of all resources used to install that component. This total includes inefficiencies and wastes which are inherent in construction processes, especially in projects that do not rigorously use methods to eliminate process waste or that do not use continuous improvement. Traditional cost models such as Parametric, Assembly and System, and Unit Price and Schedule models rely on historical data to model the cost of new designs. These cost estimates are inflated by the wastes embedded in the historical databases, and result in increased estimated task durations and excessive estimated resource needs. In Target Value Design (TVD), product- and process design are integrated and the design team needs rapid cost feedback to trade off design alternatives. However, traditional cost models do not reflect cost changes due to changes in process design. Therefore, a cost model that takes into account the cost implications of logistics and construction processes can better support TVD in integrating product- and process design. This raises a need for an alternative cost modeling method, which must be able to specify: (1) cost changes due to changes in product design (i.e., changes in materials, shapes, or dimensions), and (2) cost changes due to changes in process design (i.e., changes in sequencing, logistics plans, or construction processes). This dissertation provides a framework for a Process-Based Cost Modeling (PBCM) method including three phases: (1) collecting process- and cost data, (2) mapping process- and cost data to objects of a Building Information Model (BIM), and (3) providing cost feedback to inform TVD. This dissertation develops a theoretical understanding of cost modeling in TVD and argues for the use of a PBCM to support TVD during the Design Development phase. It presents processes and tools that could aid in its implementation. It also examines the role of BIM in implementing the PBCM framework and explains the role of process modeling in a virtual construction environment in supporting PBCM. This dissertation delivers a proof of concept of a PBCM framework and validates it through case studies and professionals' evaluations. The first case study analyzes conventional practices of designing, procuring, estimating, and installing a window system in a residential project inSan Francisco, CA. The second case study investigates the application of the model-based process simulation, the PBCM, and the Choosing By Advantages (CBA) Decisionmaking System to evaluate alternatives of Viscous Damping Wall (VDW) installation in the Cathedral Hill Hospital (CHH) project in San Francisco, CA. The third case study examines the application of a software tool to integrate product- and process cost of the VDW system with a BIM model. Research findings illustrate the effectiveness of PBCM in providing rapid cost feedback to designers that facilitates the process of design to targets. In addition, PBCM helps to make both process-related cost and product cost explicit to designers when they are analyzing design alternatives. Further research can refine steps of PBCM applied in Design Development and explore the application of PBCM in design phases other than Design Development such as Conceptual Design or Construction Document phases. Further research is also needed to advance tools to facilitate the implementation of PBCM in the Lean Project Delivery SystemTM.

RSMeans Cost Data, + Website

Author : RSMeans
Publisher : John Wiley & Sons
ISBN 13 : 1118335902
Total Pages : 521 pages
Book Rating : 4.1/5 (183 download)

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Book Synopsis RSMeans Cost Data, + Website by : RSMeans

Download or read book RSMeans Cost Data, + Website written by RSMeans and published by John Wiley & Sons. This book was released on 2012-04-10 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: RSMeans Cost Data, Student Edition provides a thorough introduction to cost estimating in a self-contained print and online package. With clear explanations and a hands-on, example-driven approach, it is the ideal reference for students and new professionals who need to learn how to perform cost estimating for building construction. Features include: Commercial and residential construction cost data in print and online formats Complete how-to guidance on the essentials of cost estimating A supplemental website with plans, specifications, problem sets, and a full sample estimate With more than 930 Location Factors in the United States and Canada, the data includes up-to-date system prices for more than 100 standard assemblies and in-place costs for thousands of alternates—making it easy to customize budget estimates and compare system costs. UNIT PRICES (organized in MasterFormat 2010) 1 General Requirements 2 Existing Conditions 3 Concrete 4 Masonry 5 Metals 6 Woods, Plastics & Composites 7 Thermal & Moisture Protection 8 Openings 9 Finishes 10 Specialties 11 Equipment 12 Furnishings 13 Special Construction 14 Conveying Equipment 21 Fire Suppression 22 Plumbing 23 Heating, Ventilating & Air Conditioning 26 Electrical 27 Communications 28 Electronic Safety & Security 31 Earthwork 32 Exterior Improvements 33 Utilities ASSEMBLIES A Substructure B Shell C Interiors D Services E Equipment & Furnishings F Special Construction G Building Site Work REFERENCE INFORMATION Equipment Rental Costs Crews Cost Indexes Reference Tables Square Foot Costs

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.

Construction Cost Analysis and Estimating

Author : Phillip F. Ostwald
Publisher : Pearson
ISBN 13 :
Total Pages : 488 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Construction Cost Analysis and Estimating by : Phillip F. Ostwald

Download or read book Construction Cost Analysis and Estimating written by Phillip F. Ostwald and published by Pearson. This book was released on 2001 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides principles & techniques for the evaluation of construction design, emphasizing the importance of strong analysis skills & exploring estimation. It aims to provide readers with a balanced & cohesive overview of these two areas.

The Engineer's Cost Handbook

Author : Richard E. Westney
Publisher : CRC Press
ISBN 13 : 9780203910016
Total Pages : 780 pages
Book Rating : 4.9/5 (1 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 780 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

Systems Cost Engineering

Author : Dale Shermon
Publisher : Routledge
ISBN 13 : 1351896474
Total Pages : 311 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis Systems Cost Engineering by : Dale Shermon

Download or read book Systems Cost Engineering written by Dale Shermon and published by Routledge. This book was released on 2017-03-02 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Parametric cost estimating models are flexible tools which bring engineering, scientific and mathematical rigour to cost and schedule estimating, but great tools alone will not keep programs affordable. Tools must be applied as part of a credible process if estimates and analyses are to be accepted. Complex major projects involving engineering, hardware, software, service and IT, all suffer from two basic problems: the project sponsors often struggle to specify the project effectively, and project managers find themselves wrestling with unpredicted cost or schedule overruns. Everyone wants to be successful with the tools and solutions they use, so this book is a comprehensive collection of methods with proven success. The applications described by Dale Shermon and his co-authors have evolved over 30 years of cost engineering experience during which time they have been matured by the parametric community. Each chapter explores a different application of parametrics, based on real-life case examples, providing you with a detailed guide to the rationale and value of cost engineering in a different industry or program context. Systems Cost Engineering will help cost engineers, project and program directors, and the champions that support them, to understand and apply parametrics to ensure that their programs: * offer a credible analysis of alternative cost options * are never initiated with insufficient funding because of inaccurate estimates of cost or quantification of risks * are never diverted from their objective because of a lack of credible cost management * share and communicate knowledge of realistic and dynamic cost and productivity metrics amongst the program team * are never derailed by surprise cost overruns or schedule delays The information in this book will give projects sponsors and bid managers confidence in the business case that they are developing and enable them to communicate a clear and transparent picture of the risks, opportunities and benefits to stakeholders and project owners.

Proceedings of the 7th International Conference on Civil Engineering

Author : Eric Strauss
Publisher : Springer Nature
ISBN 13 : 9819940451
Total Pages : 384 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Proceedings of the 7th International Conference on Civil Engineering by : Eric Strauss

Download or read book Proceedings of the 7th International Conference on Civil Engineering written by Eric Strauss and published by Springer Nature. This book was released on 2023-10-01 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains research papers presented at the 7th International Conference on Civil Engineering, which was held in Singapore from 24-26 March 2023. Significant results contained in the book show the importance of technology in solving engineering issues throughout the world. Highlighted topics include climate change, disaster relief, resilience, pollution control and management techniques for construction, mitigation and adaptation. Many techniques are utilized in a variety of contexts to solve engineering and urban management problems in both developed and developing countries. This volume consists of refereed submissions authored by a wide variety of international researchers and practitioners from many perspectives discussing emerging issues in civil and environmental engineering. Practical solutions to worldwide issues in hazard mitigation, pollution control, transportation infrastructure and energy production are emphasized. The chapters provide an in-depth look at current issues in these areas of engineering that should benefit interested individuals at all levels of expertise.

Process Cost Modeling for Multi-Disciplinary Design Optimization

Author : National Aeronautics and Space Administration (NASA)
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781721107179
Total Pages : 104 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Process Cost Modeling for Multi-Disciplinary Design Optimization by : National Aeronautics and Space Administration (NASA)

Download or read book Process Cost Modeling for Multi-Disciplinary Design Optimization written by National Aeronautics and Space Administration (NASA) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-13 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: For early design concepts, the conventional approach to cost is normally some kind of parametric weight-based cost model. There is now ample evidence that this approach can be misleading and inaccurate. By the nature of its development, a parametric cost model requires historical data and is valid only if the new design is analogous to those for which the model was derived. Advanced aerospace vehicles have no historical production data and are nowhere near the vehicles of the past. Using an existing weight-based cost model would only lead to errors and distortions of the true production cost. This report outlines the development of a process-based cost model in which the physical elements of the vehicle are costed according to a first-order dynamics model. This theoretical cost model, first advocated by early work at MIT, has been expanded to cover the basic structures of an advanced aerospace vehicle. Elemental costs based on the geometry of the design can be summed up to provide an overall estimation of the total production cost for a design configuration. This capability to directly link any design configuration to realistic cost estimation is a key requirement for high payoff MDO problems. Another important consideration in this report is the handling of part or product complexity. Here the concept of cost modulus is introduced to take into account variability due to different materials, sizes, shapes, precision of fabrication, and equipment requirements. The most important implication of the development of the proposed process-based cost model is that different design configurations can now be quickly related to their cost estimates in a seamless calculation process easily implemented on any spreadsheet tool. In successive sections, the report addresses the issues of cost modeling as follows. First, an introduction is presented to provide the background for the research work. Next, a quick review of cost estimation techniques is made with the intention to highl

From Product Description to Cost: A Practical Approach

Author : Pierre Foussier
Publisher : Springer Science & Business Media
ISBN 13 : 9781846280429
Total Pages : 408 pages
Book Rating : 4.2/5 (84 download)

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Book Synopsis From Product Description to Cost: A Practical Approach by : Pierre Foussier

Download or read book From Product Description to Cost: A Practical Approach written by Pierre Foussier and published by Springer Science & Business Media. This book was released on 2006-03-09 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost estimating is a powerful tool in industry and business. Anyone involved in cost estimating will find this book extremely useful because of the real life examples, which mean they can use the information in real situations immediately.

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.