Pricing and bidding for construction work is at the heart of every construction business, and in the minds of construction consultants' poor bids lead to poor performance and nobody wins.
New Code of Estimating Practice examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works, both in the public and private sectors.
It embodies principles that are applicable to any project regardless of size or complexity.
This authoritative guide has been completely rewritten to include much more contextual and educational material as well as the code of practice.
It covers changes in estimating practice; the bidding process; the fundamentals in formulating a bid; the pre-qualification process; procurement options; contractual arrangements and legal issues; preliminaries; temporary works; cost estimating techniques; risk management; logistics; resource and production planning; computer-aided estimating; information and time planning; resource planning and pricing; preparation of an estimator's report; bid assembly and adjudication; pre-production planning and processes; and site production.