Defining client requirements and key elements of design economics involving factors affecting design ad cost, building shape, size and height.
Approaches to cost modelling from inception through to construction. Cost per unit of accomodation cost per square meter of gross floor area, elemental costs, approximate quantities and fully developed bill of quantities.
Uses and selection of appropriate methods of cost forecasting. Sources, uses, limitations and applications of construction cost data using cost indices. Interpretation, uses and application of BCIS standard form of cost analysis including methods of updating and adjustment.
Bill of quantities and use as a pricing tool, operational estimating and prime costs of resources.
Understanding contract arrangements and documentation associated with different procurement options. Reviewing clientswith different procuremet options. Reviewing clients requirements and advising on most suitable route for client.
Bidding strategies and economic and financial factors affect on contractors tender submission.
Overview of post contract cost control procedures including interim valuations, cost reporting, cash flow forecasting and final accounts.
Introduction to claims, delays and disputes and the mechanisms within contract documentation to address these issues.
On successful completion of this module students should be able to:
1. Recognise the importance of ascertaining a client's needs and how these impact design, cost and procurment (A3, A4, B4, B5, C3, D1, D3)
2. Understand and apply a range of methods of cost modelling suitable for different stages of construction project (A3, A4, B1, B5, C4, D1, D9, D13, D14)
3. Develop a cost plan that evolves in tandem with design and can be used to monitor budget comparison (A4, B1, C1, D3)
4. Appreciate the different forms of procurement and the ability to select the most appropriate and beneficial route to match clients requirements (A4, B2, B3, C1)
5. Indentify the cost variables for estimating construction work (A2, A5)
6. Understand the principles, techniques and approaches in compiling a complete tender and the preparation and purpose of a tender report (A4, B5, C2, D14)
7. Identify the principles, techniques and approaches in post contract cost control (A4, A5, B3, B4, C1, C2, C3)
8. Understand procedures adopted to deal with claims delays and disputes (A2, A4, B4, B5)
Lectures supported by tutorials and augmented by flexible learning materials.
Development of:
Analytical, appraisal, interpretative and quantitative skills (D1, D2, D3)Written, graphical and IT presentation skills (D6, D13, D14)
Verbal, visual and responsive presentation skills (D6, D14)
Group working (D12)
Independent Working (D7)
