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PREFACE:

In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas.

 Best practice from pre-contract to post-contract phases of the project life cycle is illustrated using over 70 case studies, including major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics. More case studies, worked examples, legal cases and current research have been introduced to cover every aspect of the cost manager’s role. Whole-life costing, value management and risk management are also addressed, and self-test questions at the end of each chapter support independent learning.

 This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities. 

Keith F. Pottsis a former Principal Lecturer at the School of Technology, University of Wolverhampton, UK. He was an external examiner in Quantity Surveying and Award Leader of the RICS-accredited MSc in Construction Project Management. 

Dr Nii A. Ankrahis a Senior Lecturer at the School of Technology, University of Wolverhampton, UK. He lectures in Quantity Surveying, Commercial Management and Construction Project Management both in the UK and overseas.

This second edition updates Construction Cost Management: Learning from case studieswhich was first published in 2008. Following feedback from independent academic reviewers the structure of the book was kept the same but each chapter was brought up to date and modified where appropriate. 

With a new joint author – Dr Nii A. Ankrah – each chapter was thoroughly reviewed and enhanced with the addition of further case studies in both the building and civil engineering sectors. A thorough review of relevant published academic articles was undertaken and, where appropriate, further academic references and relevant websites were also included.

 These additions now make the second edition a suitable starting point for many procurement and cost management-related dissertation topics. Since the publication of the first edition we have received useful information from many senior quantity surveyors and commercial managers representing consultants, public and private clients and contractors and major specialist contractors. 

The chapters on the NEC3 and FIDIC Red Bookhave been considerably enhanced after feedback from a wide range of students and practitioners with experience of working in different countries. These, together with observations received from undergraduate and postgraduate students at the University of Wolverhampton, have further enriched the content of this book. 

Finally, we would like to thank our valued fellow colleague Pauline Corbett for her invaluable comments – they have always been pertinent and knowledgeable. This revised edition thus captures the essence and key issues of construction cost management not only in the UK but in an international context. Any errors or omissions are, of course, our responsibility.