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Lecture and Lab
I. Construction Management History and Basic Concepts
A. An historical overview of modern construction management
B. Construction project development overview
C. Components of a construction project
1. Construction technology
2. Construction management
3. Construction management is resource driven
4. Management levels of construction
II. The Bid Package
A. Drawings
1. Conceptual
2. Design development
3. Approved construction drawings
B. Estimates
1. Preliminary
2. Development: developed, refined, approved, accepted, and finalized.
C. Notice to bidders
D. The project bid package
1. Drawings
2. General conditions
3. Supplementary conditions
4. Technical specifications
5. Addenda
6. Bid bond
7. Performance and payments bonds
E. Decision to bid and response
F. Prequalification
G. Subcontractor and vendor quotations
III. Project-Related Procedures and Issues
A. Acceptance period or withdrawal
B. Award of contract and notice to proceed
C. Contract agreement
D. Time extensions
E. Change orders
F. Changed conditions
G. Value Engineering (VE)
H. Suspension, delay, or interruption
I. Liquidated damages
J. Progress payments and retainage
K. Progress reporting
L. Acceptance and final payment
IV. Contracts
A. Major construction contract types
1. Stipulated sum
2. Unit-price
3. Negotiated
4. Design-build
5. Construction management
6. Time and material
7. Home improvement
B. Prime versus sub-contracts
C. Material supply contracts
D. Typical contract forms
1. American Institute of Architects (AIA) contract forms
2. Association of General Contractors (AGC) contract forms
E. Change orders
V. Construction Company Structure and Business Operating Costs
A. Business ownership structure
1. Proprietorship
2. Partnership
3. Corporation
4. Joint venture
B. Business taxation
1. Business deductions in general
2. Taxable income
3. Itemized deductions, standard deductions, and personal exemptions
4. Tax payroll withholding
5. Sales tax
C. Workers Compensation and insurance-related issues
VI. Project Scheduling
A. Estimating activity durations
B. Using historic productivity data
C. Bar charts
D. Scheduling logic
E. Scheduling networks
F. The critical path method
1. Predecessors and successors
2. Process time
3. Float
G. Adjusting schedules
H. Working to calendar dates
I. Milestones
J. Long lead times
K. Computer-generated scheduling
L. Resource-related and advanced linear scheduling techniques
VII. The Mathematics of Money
A. Time value of money
B. Simple and compound interest
C. Discount rate
D. Cash flow diagrams
VIII. Project Cash Flow
A. Cash flow projection
B. Cash flow to the contractor
C. Overdraft requirements
D. Effect of retentions and timing of receivables
E. Processing change orders
F. Billing formats and frequency
IX. Project Funding
A. Construction financing process
B. Construction loan
C. Verification of funds
D. Contingency allowances
X. Equipment Ownership
A. Equipment ownership and operating costs
B. Depreciation of equipment
C. Operating costs
D. Overhead and markup
E. Temporary equipment requirements
F. Rental equipment availability factors
G. Recaptured depreciation
H. Residual value
XI. Construction Labor
A. The labor resource
B. Davis-Bacon Act
C. Unions
D. Open-shop
E. Labor agreements
F. Labor costs
G. Average hourly cost calculation
H. Apprenticeship and training
XII. The Estimating Process
A. Estimating construction costs
B. Types of estimates
C. Detailed estimate preparation
D. Quantity takeoff
E. Methods of detailed cost determination
F. Problems with unit-cost method
XIII. Cost Control
A. Cost control as a management tool
B. Project cost control systems
C. Cost accounts
D. Cost coding systems
E. Project cost code structure
F. Cost accounts for integrated project management
G. Earned value method
H. Labor cost data collection
I. Charges for indirect and overhead expense
J. Project indirect costs
K. Fixed overhead
XIV. Materials Management
A. Material management process
B. The order
C. Approval process
D. Fabrication and delivery process
E. Installation process
F. Material types
XV. Safety
A. Need for safe practices
B. Humanitarian concerns
C. Economic costs and benefits
D. Occupational safety and health administration requirements
E. Safety recordkeeping
F. Safety program