Code of Estimating Practice

This code of practice, long established as a leading publication for the construction industry, provides an authoritative guide to essential principles and good practice in estimating for building work. The seventh edition includes new material on estimating strategy, tendering, procedures and best practice, as well as the build-up of unit rates of cost, overheads and profit, and e-commerce.

This code of practice, long established as a leading publication for the construction industry, provides an authoritative guide to essential principles and good practice in estimating for building work. The seventh edition includes new material on estimating strategy, tendering, procedures and best practice, as well as the build-up of unit rates of cost, overheads and profit, and e-commerce.

1.0 Introduction; 1.1 Principles - including flow charts(including risk management0. current charts are process-oriented these should be incorporated into Process Section; 1.2Processes; 1.3 Contract Types - diagrammatic presentation ofcontract formats to distinguish between types, application and use;2.0 Project appreciation; 2.1 Initial Review (24 hr overview oftendering, checking validity and decisions to tenderpre-qualification process).2.2 Design Review (packaging job and gap analysis, Q&Aexercises); 2.3 Site Investigation; 2.4 Clients requirements(method statements, CDM Regulations, selection criteria); 2.5Project planning and programming (tender programme); 3.0Procurement; 3.1 External Planning (engaging consultants); 3.2Internal Planning (design & build, confidentiality re: billsharing and breaches of tendering regulations); 4.0 Cost estimate;Planning; Preliminaries; Unit rates; Sub-contract prices; Projectoverheads; Provisional sums; Contractor design; Other approaches Operational estimating - Analytical estimating;Compliance - Technical - Commercial; 5.0 Tendersettlement; Estimators report and risks associated with this;Settlement - anticipated margin and tender figure; Tendersubmission - Tender strategy and examplesNon-compliant tenders - Alternative tenderstime/cost method - European Union rules and regulationsClarifications/Qualifications; 6.0 Post-tender activities; Changes;Handover to delivery team; Period for acceptance of tendering;Feedback on tender results/performance; 7.0 Cost planning; Costplanning; Whole life-cycle cost planning (construction)sustainability adding; PFI; Approximate quantities/estimating; 8.0Contractual arrangements; Large projects; D&B - lump sum;Changes to process; Risks (for each contract); Package bidsrelating to specialist contractors; Management - cost plus;Hybrid - partnering arrangements; 9.0 E-commerce;E-tendering; Receipt of information; Records; Submissions; DataProtection Act; E-bidding processes