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Construction Project Management: A Practical Guide to Managing Commercial Buildings - Softcover

Fenton, Tim

 
9798985859096: Construction Project Management: A Practical Guide to Managing Commercial Buildings

Synopsis

Construction Project Management is a professional level handbook for the project manager in commercial construction. The content goes well beyond a general introduction, focusing on the practical knowledge and skills that are essential in the workplace.

The discussion begins with an overview of the construction market, the players, the codes, the permits, trade organizations, and new technologies. We’ll then look at how contractors are organized, the way new work is picked up, and the role of unions.

The coverage continues with clear guidance through each step of the construction process:

  • Construction Contracts Several types of agreements are used for commercial work. These chapters walk through the differences and draw attention to key areas…like the common reasons for confusion over the start date.
  • Preconstruction Services The contractor is often involved well before breaking ground on negotiated projects. This section details how budgets are created, what mistakes to avoid in scheduling, why design input is important, and how the value engineering process works.
  • Final Estimate This will become the roadmap for all project spending. In twelve chapters, the estimating process is laid out in detail, starting with the decision of when to put the project out for sub bids, setting up the estimate, soliciting bids, analyzing bids, pricing project overhead, pricing self-performed work, and assembling the list of qualifications and exclusions.
  • Buyout Writing subcontracts for each trade means looking for ways to save money, avoiding “scope holes” and not doing business with someone that won’t perform. It’s all covered!
  • Payment Applications Several chapters walk through the payment process, how front-end loading works, how risk is evaluated for materials stored offsite, and why some owners require cost substantiations.
  • Change Proposals Getting paid for extra work is essential. These chapters explain what qualifies as a change and how to organize a system to distribute, price, and track added work. A step by step procedure is then outlined for assembling change proposals and change orders.
  • Subcontractor Management When a subcontractor goes out of business, finding a replacement and cleaning up their unpaid bills is the project manager’s responsibility. This chapter discusses how these situations unfold and how risk is managed.

In seventy chapters, this book covers far more than entry level material:

• Should a non-performing subcontractor be terminated?
• How are profit centers built into the contract for negotiated work?
• Where is “padding” located in the project estimate?
• How are labor shortages addressed?
• What are the warning signs when a supplier has financial trouble?
• Should the contractor require everything to be in writing from the owner?
• What is overbilling, how is it done, and how is it prevented?

Authored by Tim Fenton, this book is supported by thirty-five years of direct industry experience with commercial projects. Tim knows the business from the side of the contractor, the owner, and an institutional investor. His project involvement has been in multiple states, has included a diverse mix of building types, and covers projects with values in the tens of millions and beyond.

Construction Project Management explains how the business works, the shortcuts, what to avoid, where money is made or lost, and how risk is managed. This is a valuable resource packed with insights that are immediately useful to the reader.

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About the Author

Tim Fenton has thirty years in the building industry, first on the side of the contractor, later with a developer, then eventually representing an institutional investor.  This diverse background has included most construction types, from healthcare, cleanrooms and education to distribution centers, hospitality and multifamily.  Tim translates this experience into a well-organized and insightful explanation of the construction process.

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