Construction Contracting: A Practical Guide to Company Management

CONSTRUCTION′S BESTSELLING REFERENCE, FULLY UPDATED WITH THE INDUSTRY′S LATEST ADVANCES

A cornerstone of the construction industry for half a century, Construction Contracting remains the industry′s leading professional reference. Covering all aspects of the construction industry, this comprehensive guide includes hard–to–find information essential to the successful management of a construction business, whether building, heavy civil, high–tech, or industrial.

This new eighth edition covers the recent developments in methods, technology, and management, including the latest thinking in:

Project design, estimating, bidding strategies, and time/cost management Contracts, provisions, surety bonds, insurance, and risk analysis Company organization, ownership, financials, and marketing Safety, labor law, labor relations, and working with unions

The first revision in nine years, this Eighth Edition reflects the significant advances in the construction industry, including building information management technology, new delivery methods, new scheduling techniques, and more, with updated documents and sample contracts.

Complete, thorough, and detailed, Construction Contracting, Eighth Edition, is an indispensable reference in the field, office, or classroom.

1. The Construction Industry 1

2. Business Ownership 48

3. Company Organization 63

4. Project Design and Contract and Bid Documents for a Project 80

5. Cost Estimating and Bidding 104

6. Construction Contract Provisions 168

7. Contract Surety Bonds 192

8. Construction Insurance 213

9. Business Methods 253

10. Project Management and Administration 302

11. Project Time Management 335

12. Project Cost Management 361

13. Labor Law 391

14. Labor Relations 420

15. Project Safety 444

Appendix A. Instructions to Bidders 465

Appendix B. AIA Document B101–2007 Standard Form of Agreement between Owner and Architect 468

Appendix C. Construction Specification Institute MasterFormat 2014 490

Appendix D. AIA Document A201–2007 General Conditions of the Contract for Construction 491

Appendix E. Supplementary Conditions 530

Appendix F. Sample Lump–Sum Proposal Form, with Reference to Addenda, and Alternates 536

Appendix G. AIA Document A101–2007 Standard Form of Agreement between Owner and Contractor Where the Basis of Payment is a Stipulated Sum 538

Appendix H. AIA Document A102–2007, Standard Form of Agreement between Owner and Contractor Where the Basis of Payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price 546

Appendix I. AIA Document A310–2010 Bid Bond 560

Appendix J. AIA Document A312–2010 Performance Bond 562

Appendix K. AIA Document A312–2010 Payment Bond 567

Appendix L. AGC Document 655 Standard Form of Agreement between Contractor and Subcontractor 572

Appendix M. AIA A401–2007 Standard Form of Agreement between Contractor and Subcontractor 592

Appendix N. Construction Industry Arbitration Rules and Mediation Procedures of the American Arbitration Association 607

Appendix O. Typical Construction Company General Ledger Accounts 668

Index 673

RICHARD H. CLOUGH, deceased, was the Dean of the College of Engineering, University of New Mexico. He was a Fellow of the American Society of Civil Engineers and has long been considered one of the leading American educators in construction engineering and management.

GLENN A. SEARS is an active consultant in construction technology and management. He is Professor Emeritus of Civil Engineering, University of New Mexico.

S. KEOKI SEARS is a Project Manager and owner of Project Catalyst Corporation, based in Durango, Colorado. He has extensive experience managing large heavy civil and high–tech construction projects worldwide.

ROBERT O. SEGNER is Professor of Construction Science in the College of Architecture at Texas A&M University. He has been a faculty member for more than 30 years, and became a construction educator following a number of years of practice in the construction industry at the superintendent, project manager, and executive levels.

JERALD L. ROUNDS is Associated General Contractors Endowed Chair in Construction Management and Construction Engineering at the University of New Mexico. He served as project manager on a number of commercial building projects prior to more than 30 years as a construction educator.