Building in Value

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ISBN: 9780340741603 | 0340741600
Cover: Nonspecific Binding
Copyright: 8/27/1999

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The concept of value in projects is a key issue for everyone involved in the construction industry. Building in Value brings together many experts in the field to outline the wide range of tools, techniques and procedures that can and should be used to make the building procurement phase as efficient as possible. The authors go on to discuss how to ensure that future problems in the design and construction of the buildings are anticipated at the start and to minimise the liklihood of future hiccups. Integrating strategic, financial and construction management techniques, this book provides an essential guide for construction professionals. *Offers a practical approach to cost-effectiveness.*Provides an introduction to a set of widely applicable decision making tools.*Discusses startegic, financial and construction management techniques.

Acknowledgements

xiii

List of Contributors

Foreword

xxi

Preface

xxiii

Getting it right at the start

(12)

Rick Best

Gerard de Valence

Introduction

(1)

Phases of procurement

(1)

The pre-design phase

(6)

Conclusions

(4)

References and bibliography

(4)

PART 1: STRATEGIC AND STATUTORY ISSUES

Value in building

(10)

Rick Best

Gerard de Valence

Introduction

(1)

Value and quality

(3)

Value, quality and better buildings

(1)

Cost and quality

(1)

Procurement and value

(2)

Conclusions

(2)

References and bibliography

(2)

Project initiation

(14)

Gerard de Valence

Introduction

(1)

The project initiation process

(1)

Concept development

(3)

The evaluation stage

(3)

The definition stage

(3)

Conclusions

(2)

References and bibliography

(1)

Procurement strategies

(25)

Gerard de Valence

Nathan Huon

Overview

(1)

Procurement strategies

(15)

Tendering strategies

(3)

Contract price strategies

(1)

Forms of private involvement in public projects

(1)

Conclusions

(3)

References and bibliography

(2)

Planning for conflict

(16)

Martin Loosemore

Introduction

(1)

Conflict management methods

(2)

Construction conflict management methods

(1)

Conflict management plans in construction projects

(1)

The preventative element of conflict management plans

(3)

The reactive element of conflict management plans

(4)

Conclusions

(5)

References and bibliography

(4)

Environmental impact assessment

(17)

Alan Gilpin

Evolution of environmental law

(1)

The environmental impact statement (EIS)

(3)

The environmental impact assessment (EIA)

(10)

Conclusions

(2)

References and bibliography

(1)

Environmental planning

(12)

Margaret Durham

Introduction

(1)

The development of an environmental ethic

(2)

The origins and development of environmental law

(1)

Sustainable development

(2)

Conclusions

101

(6)

References and bibliography

103

(4)

PART 2: ANALYTICAL TECHNIQUES

The capital cost fallacy

107

(21)

Craig Langston

Introduction

108

(1)

Towards a whole-of-life approach

108

(6)

Investment analysis

114

(4)

Life-cost planning

118

(2)

Life-cost analysis

120

(1)

Important pre-design considerations

121

(5)

Conclusions

126

(2)

Selected bibliography

127

(1)

Feasibility studies

128

(21)

Tony Collins

Introduction

128

(1)

A rational approach to investment analysis

129

(1)

Stages in the development process

130

(3)

Initial planning stage of the project

133

(13)

The big three

146

(1)

Conclusions

147

(2)

References and bibliography

147

(2)

Cost or benefit?

149

(17)

Grace Ding

Introduction

150

(1)

Principles of CBA

151

(1)

Types of CBA

152

(2)

The CBA model

154

(1)

Methodological approach

155

(4)

Limitations of CBA

159

(1)

Multiple criteria decision making

160

(2)

Enhancing traditional CBA

162

(1)

Conclusions

163

(3)

References and bibliography

164

(2)

Functional use analysis

166

(22)

Peter Smith

Introduction

167

(1)

The functional use analysis process

167

(9)

Functional considerations for value optimization

176

(8)

Case example -- Albury Hospital, Australia

184

(2)

Conclusions

186

(2)

References and bibliography

186

(2)

Cost modelling

188

(10)

Allan Ashworth

Introduction

189

(1)

Types of cost models

189

(1)

Purpose of models

190

(1)

Classification of cost models

191

(1)

Trends in cost modelling

192

(1)

Early price design cost models

192

(2)

Accuracy of models

194

(1)

Value for money considerations

195

(1)

Conclusions

196

(2)

References

197

(1)

Facility quality and performance

198

(14)

Stephen Ballesty

Introduction

199

(1)

Facilities as assets

200

(1)

What is building performance and how is it measured?

200

(3)

Assessing facility quality and performance

203

(3)

Critical performance indicators

206

(4)

Conclusions

210

(2)

References and bibliography

210

(2)

Energy modelling

212

(20)

Paul Strachan

Jon Hand

Drury Crawley

Introduction

213

(1)

Modelling capabilities

214

(2)

Software tools

216

(4)

Practical issues

220

(1)

Examples

221

(7)

Future trends

228

(4)

References and bibliography

230

(2)

Value management

232

(16)

Mark Neasbey

Roy Barton

John Knott

Introduction

233

(1)

The value management study

234

(3)

The benefits of value management

237

(5)

Initiation criteria

242

(1)

Why use value management?

243

(3)

The cost of a study

246

(1)

The study facilitator

246

(1)

Performance measures

246

(1)

Conclusions

246

(2)

References and bibliography

247

(1)

Risk management

248

(23)

L.Y. Shen

Introduction

249

(2)

What are the risks?

251

(1)

The nature or risk

252

(1)

The advantages of identifying risks

252

(1)

Risk identification

253

(3)

Risk analysis

256

(1)

Risk measurement

257

(5)

Risk management

262

(1)

Risk management and risk attitude

262

(2)

Conclusions

264

(7)

References and bibliography

264

(1)

Appendix. Risks in construction projects

264

(7)

PART 3: IMPLEMENTATION AND MANAGEMENT

Procurement law

271

(12)

John Twyford

Introduction

272

(1)

The tender process

273

(1)

Standard form contracts

273

(7)

Conclusions

280

(3)

References and bibliography

282

(1)

Information and information management

283

(28)

John Mitchell

Roger Miller

Project information strategy at the briefing stage?

284

(1)

The nature of project information

284

(6)

Modern design information systems

290

(6)

Existing standards for information interchange

296

(3)

Current structures in CAD databases

299

(1)

The product model approach to project databases

300

(2)

Data sharing and exchange

302

(2)

Construction and manufacturing technologies

304

(1)

Need for a clear information management strategy

305

(1)

Information technology during briefing

306

(3)

Conclusions

309

(2)

References and bibliography

310

(1)

Integrated design

311

(14)

Risk Best

Introduction

312

(1)

Integrated design

312

(2)

The design process

314

(3)

The benefits of integrated design

317

(2)

Implementing integrated design

319

(3)

Case study

322

(1)

Conclusions

322

(3)

References and bibliography

323

(2)

Occupancy cost analysis

325

(17)

Peter Smith

Introduction

326

(1)

The dominant life cost element

326

(3)

Applicability of occupancy costs

329

(1)

The influence of facility design on user performance

330

(1)

Improving user performance -- new building design

330

(1)

Improving user performance -- retrofit design

331

(1)

Improving user performance through healthier building design

332

(1)

Improving business performance through flexible and adaptable design

333

(1)

Strategies to foster development of occupancy cost analysis

333

(1)

Measuring productivity changes

334

(3)

Use of key design features to enhance user performance

337

(2)

Linking building design with business management

339

(1)

Multi-disciplinary design approach

339

(1)

Conclusions

340

(2)

References and bibliography

341

(1)

Technology and innovation

342

(14)

Marton Marosszeky

Introduction

343

(1)

Incentives for innovation

344

(4)

Opportunities for innovation

348

(2)

Challenges to be overcome

350

(1)

The payback on innovation

351

(1)

Who should pay for innovation?

352

(2)

Conclusions

354

(2)

References and bibliography

355

(1)

Dispute resolution

356

(13)

John Twyford

Introduction

357

(1)

Causes of disputes

357

(2)

Dispute resolution processes

359

(1)

Curial dispute resolution

359

(5)

Alternative dispute resolution (ADR)

364

(2)

Conclusions

366

(3)

References and bibliography

368

(1)

The way forward

369

(7)

Gerard de Valance

Rick Best

Introduction

369

(1)

Winds of change

369

(5)

Conclusions

374

(2)

References and bibliography

375

(1)

Index

376

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Building in Value

Summary

Table of Contents

Supplemental Materials