Managing Construction Contracts

Operational Controls for Commercial Risks
Author: Robert D. Gilbreath
Publisher: John Wiley & Sons
ISBN: 9780471569329
Category: Business & Economics
Page: 295
View: 5934

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This Second Edition focuses on the commercial issues of contracting, covering the lifespan of a contract in four stages: inception of need, bid and award, administration, termination. Written from the owners' perspective, it is appropriate for construction managers and contract administrators. New material includes the effects of the computer on construction management practices, the risks and rewards of cross-border contracts and the role of the lawyer.

Financial Management in Construction Contracting


Author: Andrew Ross,Peter Williams
Publisher: John Wiley & Sons
ISBN: 1118537971
Category: Technology & Engineering
Page: 456
View: 3512

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This authoritative text provides a detailed insight into howconstruction companies manage their finances at both corporate andproject level. It will guide students and practitioners through thecomplexities of the financial reporting of construction projectswithin the constraints of accepted accounting practice. The book iswritten for non-accountants and from a contractor’sperspective and is equally relevant to subcontractors and maincontractors. The authors examine the relationship between the external annualaccounts and the internal cost-value reconciliation process. CVR iscovered in depth and the authors consider issues such as interimpayments, subcontract accounts, contractual claims, final accounts,cash flow management and the reporting of the physical andfinancial progress of contracts. A broad perspective of all the financial aspects of contractingis taken along with related legal issues and the authors explainhow things operate in the ‘real world’. They describegood practice in financial control while at the same time beinghonest about some of the more questionable practices that can - anddo - happen. The approach taken is unique as the financialmanagement of construction projects is considered from theperspective of the contractor’s quantity surveyor. The bookdeals with the real issues that surveyors have to address whenusing their judgment to report turnover, profitability, cash flow,and work in progress on projects and the financial problems facedby subcontractors are frankly and pragmatically explored. The payment and notice requirements of the Construction Act areexplained in detail and relevant provisions of JCT2011, NEC3, ICC,DOM/1 and other standard contracts and subcontracts are alsocovered. Financial Management in Construction Contractingaddresses the wide variety of external factors that influence howconstruction companies operate, including government policy,banking covenants and the financial aspects of supply chainmanagement. Cost reporting systems are described and real-lifeexamples are used to illustrate cost reports, accrual systems andhow computerised systems can be employed to provide the QS withinformation that can be audited. Examples drawn from practice demonstrate how work-in-progress(WIP) is reported in contracting. Cost value reconciliation reportsare featured and the book demonstrates how adjustments are made forovermeasure, undermeasure, subcontract liabilities and WIP as wellas explaining the processes that contractors use when analysingexternal valuations. This is the ideal core text for final year degree andpost-graduate level modules on Quantity Surveying, CommercialManagement, Construction Management and Project Management coursesand will provide an invaluable source of reference for quantitysurveyors and others who may be engaged in the financial managementof construction projects. The book’s companion website at ahref="http://www.wiley.com/go/xxxx"www.wiley.com/go/rossfinancialmanagement/a offersinvaluable resources for students and lecturers as well as forpractising construction managers: end-of-chapter exercises + outline answers PowerPoint slides for each chapter ideas for discussion topics links to useful websites

Introduction to Construction Contract Management


Author: Brian Greenhalgh
Publisher: Routledge
ISBN: 1317549422
Category: Architecture
Page: 236
View: 6445

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This book is an introduction to construction contract administration and management, covering the delivery and execution stage of a construction project and the various issues which the contract administrator needs to proactively manage. It can therefore be used as a contract administrator’s resource book covering what needs to be done (and why) to keep a construction project on track from a commercial and contractual perspective. It is particularly appropriate for students and new practitioners from varied construction professions and whilst it covers domestic (UK) projects, it will be particularly useful for those studying and working on international projects where terminology, procedures and legal systems may differ from the UK. The content is split into four parts and is subdivided into easy-to-read chapters replicating the timeline of a project during the construction stage: Part A covers initiating the construction stage, project delivery mechanisms, contract administration and health and safety management; Part B covers managing the construction stage, contractor performance and relationship management; Part C covers finalising the construction stage, project completion and close-out; Part D covers claims and disputes. Introduction to Construction Contract Management will be particularly useful for students enrolled on global construction programmes together with international distance learning students and non-cognate graduates starting out on an international career in construction contract administration and quantity surveying.

Construction Contracts

Law and Management
Author: John Murdoch,Will Hughes
Publisher: Routledge
ISBN: 1135803269
Category: Architecture
Page: 416
View: 7250

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Although the legal principles involved in construction contracts and their management and administration are an aspect of general contract law, the practical and commercial complexities of the construction industry have increasingly made this a specialist field. Recognizing this, Construction Contracts is a fully revised edition of the UK’s leading textbook on the law governing this area. Brought up to date with recent cases and developments in the law as it stands at July 2000, this new edition: takes full account of the effects of the Housing Grants, Construction and Regeneration Act 1996, the Arbitration Act 1996, the Contracts (Rights of Third Parties) Act 1999 and the changes in the legal system brought about by the Woolf reforms includes extended coverage of financial protection, construction insurance and tendering controls, as well as the Construction (Design and Management) Regulations has been revised to take account of changes to the common standard-form contracts, particularly the New Engineering Contract and the GC/Works family of contracts. Retaining the same basic approach as its successful predecessors, this important text introduces the general principles that underlie contracts in construction, illustrating them by reference to the most important standard forms currently in use.

Managing Transit Construction Contract Claims


Author: National Research Council (U.S.). Transportation Research Board
Publisher: Transportation Research Board
ISBN: 9780309061155
Category: Construction contracts
Page: 50
View: 4375

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Offers information from selected transit agencies about the underlying causes of construction disputes and practices in use today to identify and resolve them before they become formal claims. The synthesis focuses on avoidance and resolution of disputes, examines ways of settling disputes at their inception, and considers the experiences of the transit industry in the use of alternative dispute resolution techniques.

Managing Overseas Construction Contracting


Author: D. A. Langford,V. R. Rowland
Publisher: Thomas Telford
ISBN: 9780727720290
Category: Technology & Engineering
Page: 191
View: 9262

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This book addresses the practical aspects of international construction. Increasingly the world is occupied by clients seeking construction work on a global basis - designers from one country, contractors from another, materials and subcontractors from yet others. In such complex multi-organisational and cross-cultural setting the management of the construction environment and process is likely to create formidable challenges. This book outlines the best approaches for the best results in addressing these challenges. This book is of interest to undergraduates and graduates specialising in the built environment, development economics or project management, while practitioners in construction and finance, bankers and civil servants may also profit from the ideas it contains.

Construction Contracts

Law and Management
Author: Will Hughes,Ronan Champion,John Murdoch
Publisher: Routledge
ISBN: 1134161883
Category: Law
Page: 432
View: 4304

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The fourth edition of this unparalleled text has been thoroughly revised to provide the most up-to-date and comprehensive coverage of the legislation, administration and management of construction contracts. Introducing this topic at the core of construction law and management, this book provides students with a one-stop reference on construction contracts. Significant new material covers: procurement tendering developments in dispute settlement commentary on all key legislation, case law and contract amendments up to July 2007. In line with new thinking in construction management research, this authoritative guide is essential reading for every construction undergraduate and an extremely useful source of reference for practitioners.

MacRoberts on Scottish Construction Contracts


Author: MacRoberts
Publisher: John Wiley & Sons
ISBN: 1118273435
Category: Law
Page: 576
View: 8263

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Provides a guide to the general principles of Scottish lawrelevant to construction contracts and the main provisions of thestandard forms of construction contract used in Scotlandincluding: the obligations of employers and contractors certification payment ending a construction contract remedies subcontracts collateral warranties insurance dispute resolution regulatory matters The new edition has been substantially updated and expanded totake account of the latest editions of the Scottish StandardBuilding Contracts and recent case law. Specific updates have beendriven by the following changes to legislation and standardcontracts Local Democracy Economic Development and Construction Act 2009and the relative Scheme for Construction Contracts Arbitration (Scotland) Act 2010 Recognising the significant increase in use of NEC3 standardforms of contract, references to NEC3 provisions have beenintroduced throughout the relevant chapters so that each now coversthe common law, the SBCC provisions and the NEC3 provisions. It also features new chapters on: litigation; competition; theBribery Act 2010; and guarantees and bonds. From reviews of previous editions: ‘very approachable and readable… I wouldparticularly recommend this book to non-legal constructionprofessionals’ – Construction & EngineeringLaw ‘an informative textbook for the practitioner… [a]significant contribution to knowledge’ –Arbitration ‘a highly competent… textbook which would be ofvalue for industry professionals with no legal background’– Construction Law

Choosing the Right NEC Contract


Author: T. W. Weddell,Bill Weddell
Publisher: Thomas Telford
ISBN: 9780727733832
Category: Law
Page: 83
View: 4887

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UNIQUE FEATURES - Designed to be used as a desk top manual - Describes the main features of the contracts in the NEC family - Includes guidance on which NEC contract is appropriate for a particular project and how to prepare it - Useful for those who need more information about the NEC and its philosophy - Includes exercises at the end of several chapters to stimulate discussions about the many factors that need to be considered in choosing the right NEC contract BACKGROUND INFORMATION The last decades of the twentieth century saw huge changes in construction in the UK, particularly in procurement methods and contract strategy. In this book the author describes these changes as a construction reformation and suggests that the advent of the NEC played an important part in promoting those changes. Since its introduction to the construction sector in 1991, the NEC has been highly recommended in the Latham Report and more recently by the Office of Government Commerce and is now widely used on many small and large projects in the UK and worldwide. ENSURING PROJECT OBJECTIVES In this guide, Bill Weddell, a long standing member of the NEC Panel and a highly respected consultant and trainer on the NEC utilises his skills and wide knowledge of the NEC to provide new and existing users with guidance on how to select and implement NEC contracts to suit differing project needs and objectives. ACCURATE CONTRACT STRATEGIES This guide explains in a concise and practical manner how to decide on the appropriate contract strategy for any given project and how to prepare the contract document for each type of NEC contract. It describes each of the documents and explains the selection methods for the various options and how these are used to produce the contract document. The book also clarifies some of the distinguishing features of the NEC contracts in contrast to the more traditional standard forms and explains how the management procedures in each contract can be used to achieve the Employer's objectives by effective control of time, cost and quality. THE READERSHIP This guide is a valuable tool for anybody involved in the NEC supply chain including clients, consultants, contractors, subcontractors, project managers, quantity surveyors, adjudicators and service suppliers - across the complete spectrum of construction activity. ABOUT THE AUTHOR: Bill Weddell was on the original NEC Working Group and drafting team and has been involved in the later development of the NEC family of contracts up to the publication of NEC3. He has long experience of both design and construction of major civil engineering works including highways, bridges, docks and harbours, tunnels and sea defence works. He was Head of Contracts for a firm of consulting engineers and is now a contract consultant and runs training courses on the NEC.

Management of Construction Projects


Author: Brian Cooke
Publisher: John Wiley & Sons
ISBN: 1118555155
Category: Technology & Engineering
Page: 304
View: 7693

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Construction Management is a wide ranging discipline, butultimately it is a demanding, hands-on discipline concerned withthe management of people, plant and materials, all mobilised tocomplete a building project safely, on time, on budget and to theclient’s satisfaction. Management of Construction Projects is a highlyillustrated series of case studies based on seven live constructionmanagement projects, demonstrating the very practical nature ofmanaging projects. The detailed case studies cover a variety ofconstruction projects, varying in value from £1million to£117 million, including a major inner city office block, aportal framed factory unit, a university refurbishment project, asuperstore & car park and a new school building. The casestudies emphasise detailed on site management procedures andidentify a predominantly functional approach to managing projects.A number of related chapters covering practical and theoreticalaspects of construction management support and illustrate theindividual case studies. With a strong emphasis on the practical nature of the subject,Management of Construction Projects is an ideal introductionto the subject for all students on construction and related degreeand diploma programmes. It will be of particular interest tostudents preparing for the CIOB EPA programme and the new NVQcourses at level 4 and 5 in construction management.

Construction Contracting

A Practical Guide to Company Management
Author: Richard H. Clough,Glenn A. Sears,S. Keoki Sears,Robert O. Segner,Jerald L. Rounds
Publisher: John Wiley & Sons
ISBN: 1118693213
Category: Technology & Engineering
Page: 640
View: 5384

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The definitive contracting reference for the construction industry, updated and expanded Construction Contracting, the industry's leading professional reference for five decades, has been updated to reflect current practices, business methods, management techniques, codes, and regulations. A cornerstone of the construction library, this text presents the hard-to-find information essential to successfully managing a construction company, applicable to building, heavy civil, high-tech, and industrial construction endeavors alike. A wealth of coverage on the basics of owning a construction business provides readers with a useful "checkup" on the state of their company, and in-depth exploration of the logistics, scheduling, administration, and legal aspects relevant to construction provide valuable guidance on important facets of the business operations. This updated edition contains new coverage of modern delivery methods, technology, and project management, with sample contracts and documentation and a companion website for additional guidance. The field of construction contracting comprises the entire set of skills, knowledge, and conceptual tools needed to successfully own or manage a construction company, as well as to undertake any actual project. This book gives readers complete, up-to-date information in all of these areas, with expert guidance toward best practices. Learn techniques for accurate cost estimating and effective bidding Understand construction contracts, surety bonds, and insurance Explore project time and cost management, with safety considerations Examine relevant labor law and labor relations techniques Between codes, standards, laws, and regulations, the construction industry presents many different areas with which the manager needs to be up to date, on top of actually doing the day-to-day running of the business. This book provides it all under one cover – for the project side and the business side, Construction Contracting is a complete working resource in the field or office.

Managing Construction Projects


Author: Graham M. Winch
Publisher: John Wiley & Sons
ISBN: 1444314696
Category: Technology & Engineering
Page: 544
View: 9284

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Project management is of critical importance in construction, yetits execution poses major challenges. In order to keep a project ontrack, decisions often have to be made before all the necessaryinformation is available. Drawing on a wide range of research, Managing ConstructionProjects proposes new ways of thinking about project managementin construction, exploring the skills required to manageuncertainty and offering techniques for thinking about thechallenges involved. The second edition takes the informationprocessing perspective introduced in the first edition and developsit further. In particular, this approach deepens the reader’sunderstanding of the dynamics in the construction project process– from the value proposition inherent in the project mission,to the functioning asset that generates value for its owners andusers. Managing Construction Projects is a unique andindispensible contribution to the available literature onconstruction project management. It will be of particular benefitto advanced students of construction and construction projectmanagement, as well as contractors and quantity surveyors. Reviews of the First edition: "A massive review of the art and science of the management ofprojects that has the great virtue of being a good read wherever itis touched. It spills the dirt on things that went wrong,elucidates the history so you can understand the industry's currentstance, draws on other countries experience and explains the latestmanagement processes. Throughout it is liberally sprinkled withanecdotes and case histories which amply illustrate the dos anddon't for practitioners wishing to deliver projects on time toexpected quality and price. A valuable book for students andpractitioners alike." —John D Findlay, Director, Stent "This is a valuable source for practitioners and students. Itcovers the A-Z of project management in a confident contemporarymanner, and provides a powerful and much needed conceptualperspective in place of a purely prescriptive approach. Theengaging presentation introduces a range of challenges toestablished thinking about project management, often by makingcomparisons between practices in the UK and those of othercountries." —Peter Lansley, Professor of Construction Management,University of Reading "A refreshing and unique study of information management and itsimpact upon international construction project management.... Thebook is well presented and written, logical and succinct and isflexible enough to allow readers to either read from start tofinish or to dip into selected chapters. This book deserves to bean established text for any construction or civil engineering under- and/or postgraduate course." —CNBR, 25th November 2003 "Generous use is made of anecdotes andc case historiesthroughout to support the theory. the book illustrates the mistakesmade by others, and the means to deliver projects on time and tocost." —Building Services Journal, April 2004

Managing Construction Logistics


Author: Gary Sullivan,Stephen Barthorpe,Stephen Robbins
Publisher: John Wiley & Sons
ISBN: 9781444390414
Category: Technology & Engineering
Page: 304
View: 2432

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Every major industry except construction uses logistics to improve its bottom line... Poor logistics is costing the construction industry at least £3 billion a year according to a report – ‘Improving Construction Logistics’ – published by the Strategic Forum for Construction. Additional costs arise as a result of operatives waiting for materials, and skilled craftsmen being used for unskilled jobs. Inadequate management of logistics also has an adverse effect on quality, causes delays to projects, and adds to the health and safety risks on site. This practical book highlights the benefits of good logistics as well as the use of consolidation centres on projects. It shows how reduction in transport movements, less money tied up in stock, less waste, and the more efficient use of skilled craftsmen will reduce the cost of projects, reduce construction time, improve quality, reduce risks to health and safety, improve environmental performance and generally improve the image of the industry. The authors offer practical ways of achieving these benefits through integrated project teams and supply chains and the increased adoption of information technology including electronic communications, bar coding, and electronic tagging for tracing products. They also show how specific roles for each part of the industry can help to improve logistics. • Practical, clear and accessible • First book to address logistics in construction • Written by the industry-recognized logistics experts • Tackles issues of key concern: efficient use of labour; sustainability; waste and supply chain management

Code of Practice for Project Management for Construction and Development


Author: CIOB (The Chartered Institute of Building)
Publisher: John Wiley & Sons
ISBN: 1118378180
Category: Technology & Engineering
Page: 360
View: 8679

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The first edition of the Code of Practice for Project Management for Construction and Development, published in 1992, was groundbreaking in many ways. Now in its fifth edition, prepared by a multi-institute task force coordinated by the CIOB and including representatives from RICS, RIBA, ICE, APM and CIC, it continues to be the authoritative guide and reference to the principles and practice of project management in construction and development. Good project management in construction relies on balancing the key constraints of time, quality and cost in the context of building functionality and the requirements for sustainability within the built environment. Thoroughly updated and restructured to reflect the challenges that the industry faces today, this edition continues to drive forward the practice of construction project management. The principles of strategic planning, detailed programming and monitoring, resource allocation and effective risk management, widely used on projects of all sizes and complexity, are all fully covered. The integration of Building Information Modelling at each stage of the project life is a feature of this edition. In addition, the impact of trends and developments such as the internationalisation of construction projects and the drive for sustainability are discussed in context. Code of Practice will be of particular value to clients, project management professionals and students of construction, as well as to the wider construction and development industries. Much of the information will also be relevant to project management professionals operating in other commercial spheres.

Managing construction purchasing

contract buyout, QA/QC methods, negotiation strategies
Author: John G. McConville
Publisher: RSMeans
ISBN: N.A
Category: Technology & Engineering
Page: 325
View: 2154

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Problem-solving data for immediate use in medium-to-large scale construction projects. Practical, "hands-on" advice that will help you achieve higher quality standards...ensure top production from subcontractors. A step-by-step graduate course to smoother job closings and on-time performance. How to negotiate better. Do a better job of quoting work. Minimize risk from weak contracts. Contract Buyout QA/QC Methods Negotiation Strategies

The Soft Power of Construction Contracting Organisations


Author: Sai On Cheung,Peter Shek Pui Wong,Tak Wing Yiu
Publisher: Routledge
ISBN: 1317618238
Category: Technology & Engineering
Page: 204
View: 4898

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Across the AEC industry, the non-technical skills possessed by organisations are key to their overall performance. In this study, the particular importance of optimising the so-called "soft power" of organisations, is addressed. Things like organisational culture, responsible corporate behaviour, and building trust-based relationships with other stake-holders are seen as facets of a broader organisational capability, and the advantages of this strength are also explored. The internationally conducted research behind this book will provide readers with new insights into effective management, from both inter and intra organisational perspectives. This unique and important book is essential reading for researchers and advanced students of construction management.