Cost engineering
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Table of contents
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Board of Directors Contact List| 2007
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President's Message| 2007
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Special Message| 2007
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The 2007-2008 Slate of Candidates| 2007
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Education Board News| 2007
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Legal Brief| 2007
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The 2007 Western Winter Workshop| 2007
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Wage Rates, the Untold Story - This article will address a method for developing an effective wage rate, identifying only true rate components. Many wage rates are developed and loaded with costs that should be carried as individual cost issues. The article will look at the complexity of building-up an effective wage rate to be as competitive as one can be. The rate will be based on the financial resources of the company, insurance rates, safety rating, and a number of other areas. Also to be considered is a company's day-to-day financial performance. The rate in this article was developed using AFL-CIO union wage rates, incorporating US federal and the State of Michigan taxes as a basis. This article will explore labor rate issues that can save an owner thousands or millions of dollars (based on the volume of annual construction work) and give contractors (subcontractors) techniques to be the lowest bidder, and to collect extra profit from change order work.Borowicz, Leffrey et al. | 2007
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A Path to Enhanced Value - As natural resources, such as oil and gas, become more difficult and costly to produce, the focus intensifies on cost effective technologies and project management methods. Millions of dollars are spent on research every year in an attempt to keep costs down. However, seldom asked is to what extent revised procedures applied to existing technologies may demonstrate an improved path to value -- Without spending the extra dollars and time on research. New or revised technologies will never yield optimum profitability unless the economic evaluation methods and the technology are in harmony. Failure to harmonize economy and technology may result in suboptimum profitability or even in decisions to abandon otherwise profitable projects. The question is how this harmonization is brought about.Sigurdsen, Arild et al. | 2007
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Total Float Management for Delay Analysis - Current delay analysis techniques provide a trade-off between accuracy and expense. The less expensive techniques, such as: 'impacted as-planned' tend to be less accurate. However, the more accurate but expensive techniques, such as: 'windows' can be less expensive by following systematic approaches and using computers. One such technique: The total float management technique for delay analysis is described in this article. It apportions ownership of total floats to the various project participants, at the start of the project. All network wide changes in the total floats, as they occur day-by-day, are recorded and credited or debited to the party that caused the change. The responsibility of delays to the successor activities, are then assigned to the party that reduced the total float of the successor activities. This article outlines a step-by-step algorithm to compute the project wide impacts of delays. Concurrent delays, pacing delays, and related issues are addressed. An expert system is being developed to compute liquidated damages, contractor damage claims; and any delay in project completion, using the total float management system for delay analysis. This article is reprinted from the 2005 AACE International Transactions, where it was manuscript CDR. 16.Al-Gahtani, Khalid S. et al. | 2007
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Professional Services Directory| 2007
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Index to Advertisers| 2007
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AACE International Bulletin| 2007
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How to Submit to Cost Engineering Journal| 2007
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Article Reprints and Permissions| 2007
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Calendar of Events| 2007