New Code of Estimating Practice

Description

The essential, authoritative guide to providing accurate, systematic, and reliable estimating for construction projects—newly revised

Pricing and bidding for construction work is at the heart of every construction business, and in the minds of construction consultants’ poor bids lead to poor performance and nobody wins. New Code of Estimating Practice examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works, both in the public and private sectors. It embodies principles that are applicable to any project regardless of size or complexity.

This authoritative guide has been completely rewritten to include much more contextual and educational material as well as the code of practice. It covers changes in estimating practice; the bidding process; the fundamentals in formulating a bid; the pre-qualification process; procurement options; contractual arrangeme…