  
Construction Management, 4th Edition
November 2010, ©2011
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This edition introduces extended coverage in the scheduling area to address more advanced and practice oriented procedures such as Start to Start, Finish to Finish, and similar relationship between activities in a network schedule.
This text has been used widely and has become a fairly standard course text at many universities. The first three editions have enjoyed wide success as an introductory treatment of the subjects which are critical to success in the construction industry. This fourth edition preserves the features that have been most appreciated by its users throughout the years, and adds suggestions provided by instructors and students through formal surveys and informal feedback to the authors.
Bridges and History.
1.1 Historical Perspective.
1.2 Great Captains of Construction.
1.3 Panama Canal.
1.4 Other Historic Projects.
1.5 Construction versus Manufacturing Processes.
1.6 Project Format.
1.7 Project Development.
1.8 Construction Technology and Construction Management.
1.9 Construction Management Is Resource Driven.
1.10 Construction Industry.
1.11 Structure of the Construction Industry.
1.12 Differing Approaches to Industry Breakdown.
1.13 Management Levels of Construction.
Review Questions and Exercises.
2 Preparing the Bid Package.
Online Plan Rooms.
2.1 Project Concept and Need.
2.2 Establishing Need.
2.3 Formal Need Evaluation.
2.4 Conceptual Drawings and Estimates.
2.5 Preliminary and Detail Design.
2.6 Notice To Bidders.
2.7 Bid Package.
2.8 General Conditions.
2.9 Supplementary Conditions.
2.10 Technical Specifications
2.11 Addenda.
2.12 The Estimate and the Decision to Bid.
2.13 Prequalification.
2.14 Subcontractor and Vendor Quotations/Contracts.
2.15 Bid Bond.
2.16 Performance and Payments Bonds.
2.17 Cost and Requirements for Bonds.
Review Questions and Exercises.
3 Issues During Construction Phase.
Project Rework Reduction.
3.1 Acceptance Period/Withdrawal.
3.2 Award of Contract/Notice to Proceed.
3.3 Contract Agreement
3.4 Time Extensions.
3.5 Change Orders.
3.6 Changed Conditions.
3.7 Value Engineering.
3.8 Suspension, Delay, or Interruption.
3.9 Liquidated Damages.
3.10 Progress Payments and Retainage.
3.11 Progress Reporting.
3.12 Acceptance and Final Payment.
3.13 Summary.
Review Questions and Exercises.
4 Construction Contracts.
Web-Based Contracts.
4.1 Contract Environment.
4.2 Process of Purchasing Construction.
4.3 Major Construction Contract Types.
4.4 Competitively Bid Contracts.
4.5 Stipulated-Sum Contracts.
4.6 Unit-Price Contracts.
4.7 Negotiated Contracts.
4.8 Project Delivery Methods.
4.9 Design-Build Contracts.
4.10 Design-Build in a Consortium Format.
4.11 Construction Management (CM) Contracts.
4.12 Construction Management At-Risk.
4.13 Comparing Project Delivery Methods.
Review Questions and Exercises.
5 Legal Structure.
Joint Venturing.
5.1 Types of Organization.
5.2 Legal Structure.
5.3 Proprietorship
5.4 Partnership.
5.5 Corporation.
5.6 Comparison of Legal Structures.
Review Questions and Exercises.
6 Impact of Taxes.
6.1 Introduction.
6.2 Why Taxes?
6.3 Types of taxes.
6.4 Income Tax Systems.
6.5 Taxation of Businesses.
6.6 Business Deductions in General.
6.7 Taxable income: individuals.
6.8 Itemized deductions, standard deductions and personal exemptions.
6.8 The Tax Significance of Depreciation.
6.9 Marginal Tax Rates.
6.10 Tax credits.
6.11 Tax payroll Withholding.
6.12 Tax payment schedules
6.13 Marginal, average and effective tax rates.
6.14 Net Operating Losses.
6.15 Summary.
Review Questions and Exercises.
7 Project Planning.
Building Information Modeling.
7.1 Introduction.
7.2 Developing the Work Breakdown Structure.
7.3 A Work Breakdown Example.
7.4 Work Packages for the Gas Station Project.
7.5 Determining Sequence of Work Packages
7.6 Estimate Development and Cost Control Related to the WBS.
7.7 Role of Code of Accounts.
7.8 Summary.
Review Questions and Exercises.
8 Project Scheduling.
4D Modeling.
8.1 Introduction.
8.2 Estimating activity durations.
8.3 Bar charts
8.4 Activity Precedence Diagrams.
8.5 Generalized relationships.
8.6 Overview of the CPM scheduling procedure.
8.7 Forward Pass (traditional relationships).
8.8 Backward Pass (traditional relationships).
8.9 Critical path.
8.10 Activity floats.
8.11 Scheduling the Small Garage project.
8.12 Generalized Relationship Scheduling Computations.
8.13 Working to Calendar Dates.
8.14 Summary.
REVIEW QUESTIONS AND EXERCISES.
9 Scheduling — PERT Networks and Linear Operations.
Lean Construction.
9.1 Introduction.
9.2 An Example PERT Network.
9.3 PERT Shortcomings.
9.4 Linear Construction Operations.
9.5 Production Curves.
9.6 Line-Of-Balance Concepts.
9.7 LOB Applied to Construction.
Review Questions and Exercises.
10 The Mathematics of Money.
Using Life Cycle Cost to Assess Sustainable Construction Costs.
10.1 Introduction.
10.2 Interest in Action.
10.3 Time value of money.
10.4 Interest.
10.5 Simple and compound interest.
10.6 Nominal and effective rate.
10.7 Equivalence and MARR.
10.8 Discount Rate.
10.9 Importance of Equivalence.
10.10 Sunk Costs.
10.11 Cash flow diagrams.
10.12 Annuities.
10.13 Conditions for Annuity Calculations.
10.14 Calculating the Future Value of a Series of Payments.
10.15 Summary of equivalence formulas.
10.16 Worth Analysis Techniques: An Overview.
10.17 Present Worth Analysis.
10.18 Equivalent Annual Worth (EAW).
10.19 Internal Rate of Return.
10.20 Limitations of the IRR method.
10.21 A Practical Example Using PW Analysis.
10.22 Comparison Using EAW.
10.23 Summing Up.
Review Questions and Exercises.
11 Project Cash Flow.
Scenario Testing.
11.1 Cash Flow Projection.
11.2 Cash Flow to the Contractor.
11.3 Overdraft Requirements.
11.4 Comparison of Payment Schemes.
Review Questions and Exercises.
12 Project Funding.
Build Operate and Transfer (BOT).
12.1 Money, A Basic Resource.
12.2 Construction Financing Process.
12.3 Long-Term Pro Forma Example
12.4 Mortgage Loan Commitment.
12.5 Construction Loan.
12.6 Owner Financing Using Bonds.
Review Questions and Exercises.
13 Equipment Ownership.
RFID Application in Construction.
13.1 General.
13.2 Equipment Owning and Operating Costs
13.3 Depreciation of Equipment.
13.4 Straight-Line Method.
13.5 Declining Balance.
13.6 Production Method.
13.7 Depreciation Based On Current Law.
13.8 Depreciation Versus Amortization.
13.9 Interest, Insurance, and Tax (IIT) Costs.
13.10 Operating Costs.
13.11 Overhead and Markup.
Review Questions and Exercises.
14 Equipment Productivity.
Laser Based Machine Control.
14.1 Productivity Concepts.
14.2 Cycle Time and Power Requirements.
14.3 Power Available.
14.4 Usable Power.
14.5 Equipment Balance.
14.6 Random Work Task Durations.
Review Questions and Exercises.
15 Construction Labor.
Biometric Identification Recognition.
15.1 Labor Resource.
15.2 Short History of Labor Organizations.
15.3 Early Labor Legislation.
15.4 Norris-Laguardia Act.
15.5 Davis–Bacon Act.
15.6 National Labor Relations Act.
15.7 Fair Labor Standards Act.
15.8 Union Growth.
15.9 Labor Management Relations Act.
15.9 Other Labor Legislation.
15.10 Vertical Versus Horizontal Labor Organization Structure.
15.11 Jurisdictional Disputes.
15.12 Union Structure.
15.13 National Unions.
15.14 State Federations and City Centrals.
15.15 Union Locals.
15.16 Union Hiring Halls.
15.17 Secondary Boycotts.
15.18 Open-Shop and Double-Breasted Operations.
15.19 Labor Agreements.
15.20 Labor Costs.
15.21 Average Hourly Cost Calculation.
Review Questions and Exercises.
16 Estimating Process.
Estimating Using Hand-Held Devices.
16.1 Estimating Construction Costs.
16.2 Types of Estimates.
16.3 Detailed Estimate Preparation.
16.4 Definition of Cost Centers.
16.5 Quantity Takeoff.
16.16 Methods of Detailed Cost Determination.
16.17 Problems with Unit-Cost Method.
16.18 Resource Enumeration.
16.19 Work Package or Assembly-Based Estimating.
16.20 Summary.
Review Questions and Exercises.
17 Cost Control.
LEED Certification.
17.1 Cost Control as a Management Tool.
17.2 Project Cost Control Systems.
17.3 Cost Accounts.
17.4 Cost Coding Systems.
17.5 Project Cost Code Structure.
17.6 Cost Accounts for Integrated Project Management.
17.7 Earned Value Method.
17.8 Labor Cost Data Collection.
17.9 Charges for Indirect and Overhead Expense.
17.10 Project Indirect Costs.
17. 11 Fixed Overhead.
17.12 Considerations in Establishing Fixed Overhead.
Review Questions and Exercises.
18 Materials Management.
Fiber Reinforced Polymer Rebar.
18.1 Material Management Process.
18.2 The Order.
18.3 Approval Process.
18.4 Fabrication and Delivery Process.
18.5 Installation Process.
18.6 Material Types.
Review Questions and Exercises.
19 Safety.
Safety in Trenches.
19.1 Need for Safe Practice.
19.2 Humanitarian Concerns.
19.3 Economic Costs and Benefits.
19.4 Uninsured Accident Costs.
19.5 Federal Legislation And Regulation.
19.6 OSHA Requirements.
19.7 How the Law Is Applied.
19.8 Safety Record Keeping.
19.9 Safety Program.
Review Questions and Exercises.
- This edition introduces extended coverage in the scheduling area to address more advanced and practice oriented procedures such as Start to Start, Finish to Finish, and similar relationship between activities in a network schedule.
- To provide increased coverage of topics related to the financial side of the house, two new chapters have been added addressing the impact of taxes on the operation of a company and the evaluation of borrowing, lending, and other financial opportunities using the mathematical concepts of engineering economy.
- New problems and exercises have been added.
- Overall context. Chapter 1 (History and Basic Concepts) presents an overview of the construction industry, including a historical framework.
- Procurement and execution. Chapters 2 (Preparing the Bid Package) and 3 (Issues During Construction Phase) discuss the procurement and administration of construction projects.
- Company organisation and management. Chapters 4 (Construction Contracts), 5 (Legal Structure) and 6 (Impact of Taxes) look at issues affecting the company as a whole.
- Planning and scheduling. Chapters 7 (Project Planning), 8 (Project Scheduling) and 9 (PERT Networks and Linear Operations) address these central aspects of the construction industry.
- Managing money. Chapters 10 (The Mathematics of Money), 11 (Project Cash Flow) and 12 (Project Funding) deal with money as a company-wide resource to be planned and managed.
- Construction equipment. Chapters 13 (Equipment Ownership) and 14 (Equipment Productivity) address the cost and productivity of the equipment used in the construction industry.
- Labor. Chapter 15 (Construction Labor) discusses another basic construction resource. It discusses the changes in labor organization and legislation, alongside an explanation of the factors included in the computation of indirect labor costs.
- Cost estimating and control. Chapter 16 (Estimating Process) provides an overview of the process used in construction to estimate the cost of a project. Chapter 17 (Cost Control) addresses the development of the systems required to keep track of a project’s cost and to compare it against its progress.
- Materials management. Chapter 18 (Materials Management) offers a close-up of the procurement and on-site management of the materials used in a construction project.
- Safety. Chapter 19 (Safety) offers a concise and practical guide for safety considerations.
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