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31 reviewsISBN 10: 1119256801
ISBN 13: 978-1119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
It’s often said that the construction professional has to be a “jack of all trades, and master of all.” This text covers a wide range of subjects, reflecting the breadth of knowledge needed to understand the dynamics of this large and complex industry. This edition includes updated chapters on planning and scheduling, a new chapter addressing linear scheduling methods, material regarding the historical background of construction as a profession, and includes an Instructor Resource of solutions to the end-of-chapter review exercises.
This text has become a standard course text at many universities. The first four editions have enjoyed wide success as an introductory treatment of the subjects which are critical to success in the construction industry. This fifth 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.
1 History and Basic Concepts
1.1. Bridges and History
1.2. The Historical Impact of Construction
1.3. Great Captains of Construction
1.4. Panama Canal
1.5. Other Historic Projects
1.6. Construction versus Manufacturing Processes
1.7. Project Format
1.8. Project Development
1.9. Construction Technology and Construction Management
1.10. Construction Management Is Resource Driven
1.11. Construction Industry
1.12. Structure of the Construction Industry
1.13. Differing Approaches to Industry Breakdown
1.14. Management Levels of Construction
Review Questions and Exercises
2 Preparing the Bid Package
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. 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
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 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 Contracts
4.12. Construction Management At-Risk
4.13. Comparing Project Delivery Methods
Review Questions and Exercises
5 Legal Structure
5.1. Types of Organization
5.2. Legal Business Forms
5.3. Proprietorship
5.4. Partnership
5.5. Corporation
5.6. Comparison of Legal Structures
5.7. Joint Venturing
Review Questions and Exercises
6 Impact of Taxes
6.1. Society and Taxation
6.2. Business Impact of Taxation
6.3. Why Taxes?
6.4. Types of Taxes
6.5. Income Tax Systems
6.6. Taxation of Businesses
6.7. Business Deductions in General
6.8. Taxable Income: Individuals
6.9. Itemized Deductions, Standard Deductions, and Personal Exemptions
6.10. The Tax Significance of Depreciation
6.11. Marginal Tax Rates
6.12. Tax Credits
6.13. Tax Payroll Withholding
6.14. Tax Payment Schedules
6.15. Marginal, Average, and Effective Tax Rates
6.16. Summary
Review Questions and Exercises
7 Project Planning
7.1. Introduction
7.2. Work Breakdown Structure
7.3. Developing the Work Breakdown Structure
7.4. A Work Breakdown Example
7.5. Work Packages for the Gas Station Project
7.6. Determining Sequence of Work Packages
7.7. Estimate Development and Cost Control Related to the Work Breakdown Structure
7.8. Role of Code of Accounts
7.9. Summary
Review Questions and Exercises
8 Project Scheduling
8.1. Introduction
8.2. Estimating Activity Durations
8.3. Using Historic Productivity Data
8.4. Bar Charts
8.4.1. Description
8.5. Scheduling Logic
8.6. Scheduling Networks
8.7. The Critical Path Method
8.8. Forward Pass
8.9. Backward Pass
8.10. Activity Floats
8.11. Working to Calendar Dates
8.12. Example: Scheduling the Small Gas Station
8.13. Summary
Review Questions and Exercises
9 Scheduling: Program Evaluation and Review Technique Networks and Linear Operations
9.1. Introduction
9.2. An Example Program Evaluation and Review Technique Network
9.3. Program Evaluation and Review Technique Shortcomings
9.4. Linear Construction Operations
9.5. Production Curves
9.6. Line of Balance
9.7. Line of Balance Applied to Construction
Review Questions and Exercises
10 Resource-Related and Advanced Linear Scheduling Techniques
10.1. Resource Scheduling
10.2. Resource Allocation
10.3. Resource Leveling
10.4. Time-Cost Trade-off
10.5. Linear and Repetitive Scheduling Techniques
10.6. Linear Scheduling Method
10.7. Case Study of a Linear Project
Review Questions and Exercises
11 The Mathematics of Money
11.1. Introduction
11.2. Time Value of Money
11.3. Factors Determining the Time Value of Money
11.4. Simple and Compound Interest
11.4.1. Simple Interest
11.4.2. Compound Interest
11.5. Nominal and Effective Rate
11.6. Equivalence and Minimum Attractive Rate of Return
11.7. Discount Rate
11.8. Sunk Costs
11.9. Cash Flow Diagrams
11.10. Annuities
11.11. Conditions for Annuity Calculations
11.11.1. Present Value of an Annuity: Finding P Given A
11.11.2. Installments Paying for an Item: Finding A Given P
11.12. Future Value of a Series of Payments: Finding F Given A
11.13. Annuity Required to Reach a Goal Amount: Finding A Given F
11.14. Summary of Equivalence Formulas
11.15. Worth Analysis Techniques: Rationale and Vocabulary
11.16. Present Worth Analysis
11.16.1. Example: Small Excavator
11.17. Equivalent Annual Worth
11.17.1. Example: Best Job Offer
11.18. Internal Rate of Return
11.19. Limitations of the Internal Rate of Return Method
11.20. A Practical Example Using Present Worth Analysis
11.21. Comparison Using Equivalent Annual Worth
11.22. Summary
Review Questions and Exercises
12 Project Cash Flow
12.1. Cash Flow Projection
12.2. Cash Flow to the Contractor
12.3. Overdraft Requirements
12.4. Comparison of Payment Schemes
Review Questions and Exercises
13 Project Funding
13.1. Money: A Basic Resource
13.2. Construction Financing Process
13.3. Long-Term Pro Forma Example
13.4. Mortgage Loan Commitment
13.5. Construction Loan
13.6. Owner Financing Using Bonds
13.7. Build, Operate, and Transfer Review Questions and Exercises
14 Equipment Ownership
14.1. General
14.2. Equipment Ownership and Operating Costs
14.3. Depreciation of Equipment
14.4. Straight-Line Method
14.5. Declining Balance
14.6. Production Method
14.7. Depreciation Based on Current Law
14.8. Depreciation versus Amortization
14.9. Interest, Insurance, and Tax Costs
14.10. Operating Costs
14.11. Overhead and Markup
Review Questions and Exercises
15 Equipment Productivity
15.1. Need for Heavy Equipment
15.2. Productivity Concepts
15.3. Cycle Time and Power Requirements
15.4. Power Available
15.5. Usable Power
15.6. Equipment Balance
15.7. Random Work Task Durations
Review Questions and Exercises
16 Construction Labor
16.1. The Labor Resource
16.2. Short History of Labor Organizations
16.3. Early Labor Legislation
16.4. Norris-LaGuardia Act
16.5. Davis-Bacon Act
16.6. National Labor Relations Act
16.7. Fair Labor Standards Act
16.8. Union Growth
16.9. Labor Management Relations Act
16.10. Other Labor Legislation
16.11. Vertical versus Horizontal Labor Organization Structure
16.12. Jurisdictional Disputes
16.13. Union Structure
16.14. National Unions
16.15. State Federations and City Centrals
16.16. Union Locals
16.17. Union Hiring Halls
16.18. Secondary Boycotts
16.19. Open-Shop and Double-Breasted Operations
16.20. Labor Agreements
16.21. Labor Costs
16.22. Average Hourly Cost Calculation Review Questions and Exercises
17 Estimating Process
17.1. Estimating Construction Costs
17.2. Types of Estimates
17.3. Detailed Estimate Preparation
17.4. Definition of Cost Centers
17.5. Quantity Takeoff
17.6. Methods of Detailed Cost Determination
17.7. Problems with Unit-Cost Method
17.8. Resource Enumeration
17.9. Work Package or Assembly-Based Estimating
17.10. Summary
Review Questions and Exercises
18 Cost Control
18.1. Cost Control as a Management Tool
18.2. Project Cost Control Systems
18.3. Cost Accounts
18.4. Cost Coding Systems
18.5. Project Cost Code Structure
18.6. Cost Accounts for Integrated Project Management
18.7. Earned Value Method
18.8. Labor Cost Data Collection
18.9. Charges for Indirect and Overhead Expense
18.10. Project Indirect Costs
18.11. Fixed Overhead
18.12. Considerations in Establishing Fixed Overhead Review Questions and Exercises
19 Materials Management
19.1. Material Management Process
19.2. The Order
19.3. Approval Process
19.4. Fabrication and Delivery Process
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19.5. Installation Process
19.6. Material Types
Review Questions and Exercises
20 Safety
20.1. Need for Safe Practice
20.2. Humanitarian Concerns
20.3. Economic Costs and Benefits
20.4. Uninsured Accident Costs
20.5. Federal Legislation and Regulation
20.6. Occupational Safety and Health Administration Requirements
20.7. How the Law Is Applied
20.8. Safety Record Keeping
20.9. Safety Program
Review Questions and Exercises
Appendices
Appendix A Typical Considerations Affecting the Decision to Bid
Appendix B Performance and Payment Bonds
Appendix C Arrow Notation Scheduling Calculations
Appendix D Generalized Network Relationships
Appendix E Productivity Scheduling Method Using Singularity Functions
Appendix F Plans for Small Gas Station
Appendix G Compound Interest Table
Appendix H Site Reconnaissance Checklist
Appendix I The Cumulative Normal Distribution Function
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Tags: Daniel Halpin, Bolivar Senior, Gunnar Lucko, Construction Management
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