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Last edited 18 Dec 2016

Code of estimating practice

The Code of Estimating Practice, seventh edition, was published by the Chartered Institute of Building (CIOB) in 2009.

Code of Estimating Practice.jpg

The first edition was published in 1966, and it has now become a highly-respected industry resource. It provides an authoritative guide to the principles of, and good practice in, estimating for building work.

It presents estimating as part of the wider process of commercial management for construction businesses, defining estimating as, ‘the technical process of predicting the costs of construction’. This is not simply a matter of winning a bid. If the bid is successful, the estimate goes on to form the basis of the contractor’s budget and cost management strategy.

The previous edition, the sixth edition, was published in 1997. The seventh edition included new material on estimating strategy, tendering, procedures and best practice, as well as the build-up of unit rates of cost, overheads and profit, and e-commerce.

The contents of the code are:

--CIOB

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