Parametric Cost Modeling For Buildings
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Parametric Cost Modeling for Buildings
Successful cost management and value engineering in construction is based on accurate and early estimations of cost, and this book is the quickest route to creating a cost plan from scratch. The budgeting system described in this book will help the reader to: document project scope at a level that provides excellent cost control at design stage establish the parameters of potential sites before selecting one determine the amount of financing needed before deciding to bid on a project make a detailed and robust building project budget determine the rental rate necessary to see if a building project will be marketable The technique used is a parametric cost system, not the square foot cost system used by most who quote an up-front building cost. To help calculate the parameter quantities and price them as quantified, this book comes with 5 electronic templates to calculate program scope; i.e. – space, configuration, HVAC loads, plumbing and electrical. It also includes: the author’s parametric cost database and cost template to prepare the construction estimate a soft cost template to price out all related program costs, convert them to a monthly cash flow, incorporate financing costs and then reveal the final budget an operation and maintenance annual cost template to calculate those variable and fixed costs necessary to run the building and then convert the result into the necessary rental rate to capitalize all costs The spreadsheets, data, advice, and templates, are all introduced through a detailed case study, placing everything in an easy to understand practical context. This will prove an invaluable guide not only for estimators and cost engineers, but also developers, clients, and architects.
The Engineer's Cost Handbook
Offers coverage of each important step in engineering cost control process, from project justification to life-cycle costs. The book describes cost control systems and shows how to apply the principles of value engineering. It explains estimating methodology and the estimation of engineering, engineering equipment, and construction and labour costs; delineates productivity and cash-flow analysis; and more.
Green Building Costs
Sustainability has become a driver of innovation in the built environment, but the affordability of sustainable building remains a significant challenge. This book takes a critical view of the real cost of green building. It provides readers with a non-biased evaluation based on empirical construction cost data and sheds light on the affordability of sustainable buildings. Chapters are presented in three parts. The first part lays the foundation to demystify the perception of green buildings being expensive to construct by providing empirical evidence that green buildings, even net-zero buildings, are not necessarily more expensive to build than conventional buildings. The second part presents empirical evidence, common misperceptions of a higher green building construction cost are debunked. The author offers a new framework to explain the construction cost drivers and differences of sustainable buildings: the project characteristics and project team characteristics (human factors). The third part directs the readers’ attention to the important role that human factors play in controlling and reducing construction costs, with a focus on the project design team. A lack of skills, expertise, and experience during the design phase is likely to be the biggest contributor to higher construction costs. Empirical analysis, case studies on LEED-certified buildings, and interviews with project teams are used to present a pathway to more affordable green building at the end. This will be a crucial resource for students and professionals in architecture, engineering, construction management, and planning and energy policy.