New approach to estimating published to address challenges of modern construction

Published

15th March 2018

The Code of Estimating Practice from the Chartered Institute of Building has been updated in recognition of how the procedure, practice and process of construction have changed.

Estimating is the systematic calculation of projected construction and overhead costs for a construction project and it is an essential skill for a successful contractor. It’s a process that the CIOB believes needs to be modernised, made more reliable and more dynamic.

This latest edition of the code examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works. This includes a new approach to estimating which links production planning, resource requirements, time management and control of costs.

“Estimating is at the core of every construction project. If the estimate is wrong, everybody suffers; the contractor, client, consultants and companies involved in the supply chain” said author of the publication Professor Roger Flanagan PPCIOB. “A new approach to estimating is necessary to keep the industry relevant and ensure accurate and reliable pricing is at the heartbeat of construction.”

The code, long established as a leading publication in the construction industry, now includes more contextual and educational material alongside the code of practice, the only code of practice on construction estimating.

This publication is important reading for construction contractors, specialist contractors, quantity surveyors/cost consultants and for students of construction and quantity surveying.

For more information and to purchase this latest publication, visit Wiley, where members of the CIOB can also acquire a 20% discount.

 

Contact

Debs Field
01344 630750

Recent News

Joseph McNeil MCIOB of Sir Robert McAlpine has been awarded Construction Manager of the Year at the CIOB’s annual celebration of construction...

Published: 18th September 2019

The CIOB has commented on the latest GDP figures for July 2019, produced by the Office for National Statistics. 

Published: 9th September 2019

The CIOB has published its Code of Quality Management, following nearly two years of work by the CIOB’s Construction Quality Commission.

Published: 8th September 2019

The CIOB is undertaking an extensive online survey into mental health within the construction industry.

Published: 22nd August 2019

The CIOB will be at the Conservative and Labour party conferences to talk to parliamentarians about the need for a focus on quality in the...

Published: 20th August 2019