Construction Cost Keeping and Management; A Treatise for Engineers, Contractors and Superintendents Engaged in the Management of Engineering Construction

Construction Cost Keeping and Management; A Treatise for Engineers, Contractors and Superintendents Engaged in the Management of Engineering Construction

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...a practicable application of those principles to highway work. Development of Cost Systems.--Cost keeping was developed in the manufacturing industries. To Charles Babbage has been conceded the honor of having first called the attention of the manufacturing world to its desirability, in 1832, in his publication entitled "The Economy of Manufacture." Half a century elapsed, however, before factory managers, forced by relentless competition to eliminate waste and incompetency from their factories, began to introduce systems of cost keeping. Since 1900 the use of cost keeping in manufacturing industries has developed steadily. During this period of development principles regarded as basic have been established. While cost keeping for highway work is of comparatively recent origin, it is based upon factory cost keeping, and the same principles govern. COST ELEMENTS The term "cost," as generally interpreted and as used in this bulletin, is the summation of expenditures expressed in terms of money involved to acquire or produce a utility or to perform a service. The cost of every unit of product, whether it be a square yard of road surface maintained, or a cubic yard of concrete which is a part of a bridge or culvert, is composed of four basic elements of expense, namely: 1. The cost of labor. 2. The cost of materials. 3. The cost of service of plant and equipment. 4. The cost of general expense or overhead. Labor.--The costs of labor are divided into two classes; first; direct labor cost; and, second, indirect labor cost. All labor chargeable against the product which can be designated as directly expended on it is called direct labor. All labor chargeable against production and not directly expended on the product is...
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Product details

  • Paperback | 154 pages
  • 189 x 246 x 8mm | 286g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236858387
  • 9781236858382