New code of estimating practice
The Code of Estimating Practice was originally published by the Chartered Institute of Building (CIOB) in 1996. It went on to become a highly-respected industry resource, providing an authoritative guide to the principles of, and good practice in, estimating for building work for those involved in procuring and pricing construction works, both in the public and private sectors.
It presents estimating as part of the wider process of commercial management for construction businesses. This is not simply a matter of winning a bid - if the bid is successful, the estimate goes on to form the basis of the contractor’s budget and cost management strategy.
The seventh edition was published in 2009 and included 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.
In March 2018, it was re-branded as the New Code of Estimating Practice. https://www.wiley.com/en-gb/New+Code+of+Estimating+Practice-p-9781119329640
This new version has been completely rewritten to include more contextual and educational material, and now covers:
- Estimating practice.
- The bidding process.
- The fundamentals in formulating a bid.
- The pre-qualification process.
- Procurement options.
- Contractual arrangements and legal issues.
- Preliminaries.
- Temporary works.
- Cost estimating techniques.
- Risk management.
- Logistics.
- Resource and production planning.
- Computer-aided estimating.
- Information and time planning.
- Resource planning and pricing.
- Preparation of an estimator’s report.
- Bid assembly and adjudication.
- Pre-production planning and processes.
- Site production.
--CIOB
[edit] Related articles on Designing Buildings Wiki
- Approximate quantities cost plan.
- Bills of quantities.
- Budget.
- Chartered Institute of Building.
- All-in rates.
- Contract sum analysis.
- Contract sum.
- Cost consultant.
- Cost control.
- Cost engineering.
- Cost plans for construction projects.
- Elemental cost plan
- Final account.
- Initial cost appraisals.
- Mark-up.
- Measurement.
- New Rules of Measurement.
- Pre-tender estimate.
- Procurement.
- Project overheads.
- Tender documents.
- Top down and bottom up estimating.
Featured articles and news
Open industry engagement survey seeks responses
Institutions and the importance of engagement.
National Retrofit Hub unveils new guide
Digital Building Logbooks and Retrofit: An Introduction.
Top 50 firms awarded 52bn of projects in the last year
New engineering data shows.
Enhancing construction site reporting efficiency
Through digitisation and the digital revolution.
Noise in the built environment
BSRIA guide TG 20/2021.
17,000 people suffer conditions as a result of exposure to excessive noise at work.
Turning down the noise: Auditory health
A pervasive risk with far-reaching consequences.
Getting the most out of heat pumps and heating
How heat pumps work and how they work best.
Plumbing and heating for successful retrofit and renovation
Low temperature underfloor systems and heat pumps.
Cost-of-living crisis and home improvement plans
Starting on the right footing and top tips for projects.
Delays on construction projects
Types, mitigation and the acceleration of works.
From Chaucer to Fawlty Towers.
Electrotechnical excellence, now open for entries.
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.