Potts K., Ankrah N. Construction Cost Management: Learning from Case Studies

Routledge, London, 2nd edition, 2013, 363 p., ISBN13: 978-0-415-62912-6In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in
construction cost management across the building and civil engineering sectors, both in the UK
and overseas. Best practice from pre-contract to post-contract phases of the project life cycle is
illustrated using over 70 case studies, including major projects such as Heathrow Terminal 5,
Crossrail and the London 2012 Olympics.More case studies, worked examples, legal cases and current research have been introduced
to cover every aspect of the cost manager’s role. Whole-life costing, value management and risk
management are also addressed, and self-test questions at the end of each chapter support
independent learning.This comprehensive book is essential reading for students on surveying and construction
management programmes, as well as built environment practitioners with cost or project
management responsibilities.Introduction and overview
Reports and recommendationsManagement of the pre-contract stage
Selecting the consultants and contractors
Pre-contract cost management
Cost management on PFI projects
Contractor’s estimating and tenderingKey tools and techniques
Value management
Risk management
Whole-life costingProcurement strategies
Organizational methods (Part 1)
Organizational methods (Part 2)
Payment systems and contract administrationManagement of the post-contract stage
Contractors’ cost control and monitoring procedures
Change management – valuing variations
Claims managementContracts and case studies
The NEC Engineering and Construction Contract
FIDIC standard forms of international construction contract
Case study: Heathrow Terminal 5