Construction Cost Management

Abstract

Introduction into process cost theory. Detailed knowledge of cost estimation and controlling in the various project phases of the construction process. The topic will be dealt with from the perspective of the contractor or supplier (production cost) and the of the client, his architects and engineers (market price).

Objective

Application of methods for cost estimation and calculation. Application of methods for cybernetic cost controlling in the various construction process phases. Understanding the life cycle cost approach. Basic skills in cost management and controlling.

Content

Part 1 "Cost estimation and controlling in construction enterprises" (Prof. Dr.-Ing. G. Girmscheid) - Cost estimation in the production process - Cost estimation in business accountancy - Cost types in cost calculation - Cost calculation methods in the construction industry - Risk based pricing - Cost and performance controlling - Calculation of life cycle cost for system providers Part 2 "Preliminary project cost estimation and cost controlling for clients and planners" (Prof. Dr. H.-R. Schalcher) - Operational cost and construction cost - Cost structure - Preliminary estimate 1 (based on building areas and volumes) - Preliminary estimate 2 (based on building elements) - Preliminary estimate 3 (based on activities and unit prices) - Cost controlling (tender, contract, change of quantities, contract amendments, price escalation, intermediate payments and final invoice) - Performance indicators.

Resources