Construction Item Pricing: For More Profit and Less Risk

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9781919895697: Construction Item Pricing: For More Profit and Less Risk
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Presenting a pricing model that reduces risk and offers potentially considerable rewards, this book offers a fresh perspective on the prices that contractors choose for the components of large projects, such as those in the construction and civil engineering industries. A new theory on Component Unit Pricing identifies and quantifies the benefits and consequences of item pricing as this account proposes that contractors should optimize their utility by pricing items to take account of their assessed risk profiles. A CD-ROM containing software written to test this theory is also included.

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About the Author:

David Cattell is a discipline leader for construction and quantity surveying at Bond University in Australia. He is the developer of an online expert system called CarWise, which constructs innovative "total cost of ownership" models.

Review:

"A breakthrough text that brings a new approach to a traditional subject area."  —Andrew Baldwin, professor, The Wolfson School of Mechanical and Manufacturing Engineering, Loughborough University, England



"A comprehensive review of the state of the art in component/unit item pricing in construction projects."  —Dr. Frederik Pretorius, associate professor, Department of Real Estate and Construction, Hong Kong University



"I do like the book [Construction Item Pricing] and its highly thought out content, analysis and approaches. As you know, there are many lesser quality books on the market." —Matt Stevens, management advisor to construction contractors: Stevens Construction Institute

"David Cattell has written the next evolution in construction pricing approaches and strategies. He builds upon previous research breakthroughs in this area while acknowledging those whose work is foundational. Cattell's exhaustive research has made this book an important one for researchers and practitioners to study." —Australasian Journal of Construction Economics and Building

"If you are involved in job order contracting or bid tender pricing, this book contains the next evolution in research. It offers a clear test of its model along with programming language." —Construction Contractor's Digest

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D. Cattell
Published by University of Cape Town Press, South Africa (2012)
ISBN 10: 1919895698 ISBN 13: 9781919895697
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Book Description University of Cape Town Press, South Africa, 2012. Paperback. Condition: New. Language: English . Brand New Book. The pricing of the constituent component items of a project has a substantial influence on the profitability of a project for a building contractor. Despite this, there has been relatively little research done on this subject since `unbalanced bidding (the manipulation of component item prices) was identified as a viable strategy 50 years ago. This book outlines a new approach, called CUP Theory (Construction Unit Pricing Theory), which is intended to lay a new foundation for a scientifically based approach to item pricing. It shows that contractors could increase their profit by as much as 150 without much change to their risk. The author has included a CD containing the program by which pricing can be calculated, and has presented it so that it can be further worked on by those researching the field. Seller Inventory # AAN9781919895697

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D. Cattell
Published by University of Cape Town Press, South Africa (2012)
ISBN 10: 1919895698 ISBN 13: 9781919895697
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Book Description University of Cape Town Press, South Africa, 2012. Paperback. Condition: New. Language: English. Brand new Book. The pricing of the constituent component items of a project has a substantial influence on the profitability of a project for a building contractor. Despite this, there has been relatively little research done on this subject since `unbalanced bidding' (the manipulation of component item prices) was identified as a viable strategy 50 years ago. This book outlines a new approach, called CUP Theory (Construction Unit Pricing Theory), which is intended to lay a new foundation for a scientifically based approach to item pricing. It shows that contractors could increase their profit by as much as 150% without much change to their risk. The author has included a CD containing the program by which pricing can be calculated, and has presented it so that it can be further worked on by those researching the field. Seller Inventory # AAN9781919895697

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Book Description Juta Academic, 2012. Paperback. Condition: New. Pap/Cdr. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. Buy with confidence, excellent customer service!. Seller Inventory # 1919895698n

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