The Code of Estimating Practice from the Chartered Institute of Building (CIOB) has been updated in recognition of how the procedure, practice and process of construction have changed.
The CIOB believes the skill needs to be modernised, made more reliable and more dynamic for current industry requirements.
The latest edition of the code examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works. This includes a new approach to estimating which links production planning, resource requirements, time management and control of costs.
“Estimating is at the core of every construction project. If the estimate is wrong, everybody suffers; the contractor, client, consultants and companies involved in the supply chain,” said the author of the publication, Professor Roger Flanagan PPCIOB.
“A new approach to estimating is necessary to keep the industry relevant and ensure accurate and reliable pricing is at the heartbeat of construction.”
The code, long established as a leading publication in the construction industry, now includes more contextual and educational material alongside the code of practice, the only code of practice on construction estimating.
This publication is important reading for construction contractors, specialist contractors, quantity surveyors/cost consultants and for students of construction and quantity surveying.
For more information and to purchase this latest publication, visit Wiley. CIOB members receive a 20% discount.
