Construction Management, 4ed at Meripustak

Construction Management, 4ed by Daniel W. Halpin, Bolivar A. Senior, Wiley India

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    Author(s)Daniel W. Halpin, Bolivar A. Senior
    PublisherWiley India
    Publish YearNovember 2018


    Wiley India Construction Management, 4ed by Daniel W. Halpin, Bolivar A. Senior

    Construction Management, 4th Edition covers a wide range of subjects, reflecting the breadth of knowledge needed to understand the dynamics of this large and complex industry. This new 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. This edition preserves the features that have been most appreciated by its users throughout the years, and adds suggestions provided by readers through formal surveys and informal feedback to the authors. About the Author Daniel Halpin is currently professor of Construction Engineering at Purdue University. He has written 3 books related to the area of Construction Management, and he is generally recognized as one of the leading authorities in the world on the use of simulation in studying construction processes. In 1987, he accepted the position of Head of the Division of Construction Engineering and Management at Purdue University. In 2003, he was elected a member of The National Academy of Construction. TABLE OF CONTENTS 1 History and Basic Concepts. 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. 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 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. 3 Issues During Construction Phase. 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. 4 Construction 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. 5 Legal Structure. 5.1 Types of Organization. 5.2 Legal Structure. 5.3 Proprietorship 5.4 Partnership. 5.5 Corporation. 5.6 Comparison of Legal Structures. 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. 7 Project Planning. 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. 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. 9 Scheduling -- PERT Networks and Linear Operations. 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. 10 The Mathematics of Money. 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. 11 Project Cash Flow. 11.1 Cash Flow Projection. 11.2 Cash Flow to the Contractor. 11.3 Overdraft Requirements. 11.4 Comparison of Payment Schemes. 12 Project Funding. 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. 13 Equipment Ownership. 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. 14 Equipment Productivity. 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. 15 Construction Labor. 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. 16 Estimating Process. 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. 17 Cost Control. 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. 18 Materials Management. 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.