Professor Dieter Jacob holds the chair of Construction Management at the Technical University Freiberg. Aside from that he runs his own engineering and cosulting office. He is author and editor of various books on estimating in construction.Clemens Müller, MSc, is a research associate at the chair of Construction Management at the Technical University Freiberg.

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• List of Authors VForeword VIIPreface IXList of Abbreviations XIIIList of Figues XVIIList of Tables XXI1 Strategy and estimating 11.1 Sales and marketing strategies 11.2 Production and procurement strategies 51.3 Financing strategies 82 Estimating costs in heavy construction 112.1 Foundations of construction business management 112.1.1 Estimating goals 112.1.2 Key financial cost terminology 122.1.3 Types of construction contracts 172.1.4 Estimating methods 202.1.5 Further development of the pre-estimate 242.1.6 Coexistence of construction schedule, risk management plan and capital commitment plan. 262.1.7 Liquidity planning and capital cost 282.2 Estimating of earthworks 332.2.1 Introduction 332.2.2 Construction site conditions 342.2.3 Bases of calculation. 362.2.4 Preparatory work, systematization of the earthwork engineering services 432.2.5 Corresponding factors of construction execution 442.2.6 Calculation of the partial activities 452.2.7 Conclusion 502.3 Estimating in road construction 512.3.1 Construction specifications 512.3.2 Direct costs of the partial activities 522.3.3 Overheads and other surcharges 532.3.4 Calculation example 532.4 Estimating in bridge construction 652.4.1 Basics 652.4.2 Example – Steel composite bridge 672.4.3 Example – Prestressed concrete bridge 892.5 Estimating in tunnel construction 1222.5.1 Introduction 1222.5.2 Example – Cutting shield boring 1222.5.3 Example of traditional tunnel construction 1432.5.4 Example – Floating assembly 1632.5.5 Costing and pricing 1692.6 Estimating of foundation engineering works 1802.6.1 Basics 1802.6.2 Costing and pricing 1822.6.3 Examples 1833 Special aspects of the estimating process 2053.1 Claim management 2053.1.1 Introduction 2053.1.2 Contractual basics 2053.1.3 Chosen change orders during the construction process 2063.1.4 Example calculation 2063.2 Construction in foreign countries 2083.2.1 Financial risks and dispute resolutions 2093.2.2 Safeguarding foreign construction projects and export transactions  2113.2.3 Hedging foreign exchange transactions 2203.3 Calculation of risks 2203.3.1 Major functional risk sectors 2213.3.2 Typical risk sharing in life-cycle valuations of construction projects 2253.3.3 Cost accounting assessment of risks 2293.3.4 Risk evaluation tools 2303.3.5 Risk transfer 2323.4 Features of joint ventures 2333.4.1 Basics 2333.4.2 Characteristics of the estimating process 2353.5 Using estimating software 2393.5.1 Objectives and benefits 2393.5.2 Recourse to master data 2393.5.3 EDP evaluation 2413.5.4 Master data organization 2423.5.5 EDP master data 2463.5.6 Example – Topsoil excavation and storage 2483.5.7 Example – Soil excavation and integration 2493.5.8 Approaching the market price 2493.5.9 Summary and conclusion 251References 253Index 257