INTRODUCTION TO CONSTRUCTION COSTS

SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1K203045
Module Leader Valentah Siamuzwe-Manase
School School of Computing, Engineering and Built Environment
Subject Construction Processes & Practice
Trimester
  • A (September start)

Summary of Content

This module provides an introduction to contruction costs and methods of estimating and predicting themat various stages of the project life. Theories, principles and applications of Cost Planning and Cost Control techniques in pre-contract project costsing; including Design Economics are also included. The moduels also includes some elementary statistics required for cost modelling/prediction, cost planning and cost control.

Syllabus

Approaches to cost modelling from incception through to construction. Cost per unit, accommodation, costs per square of gross floor area, elemental costs, approximate quantities, Bills of Quantities, operational estimating, prime costs of resources. Techniques, principles and procedures of Cost Planning & Cost Control Key elements of Design Economics: factors affecting design and cost, building shape, size, height. Methods, uses and selection of appropriate methods of Cost Forecasting Sources, uses, limitations, applications of Construction Cost Data, including use of cost indices Interpretation, uses, application of BCIS Standard Form of Cost Analysis, including methods of updating and adjustment. Elements of statistics including descriptive statistics, index numbers, time series, graphical presentation, regression analysis, and statistical inference.

Learning Outcomes

On successful completion of this module students should be able to:-Understand and apply a range of methods of cost modelling suitable for different stages of a construction project A3, A4, B1, B5, C4, D1, D9, D13, D14.Introduce the framework of formal cost planning and cost control A4, B1, C1, D3.Identify, select and applu appropriate methods of cost forecasting A4, B3, B5, C3, D1, D3 and D13.Recognise sources of cost data and utilise same as appropriate A3, B2, C3, C6 and D3.

Teaching / Learning Strategy

Lecures, suported by tutorials, seminars and workshops, and augmented by flexible learning materials will provide the bassis for delivery of development appraisal. Cost planning, cost control and design economics topics will be delivered through the use of student-centred, flexible learning materials.

Indicative Reading

Seeley Ivor Quantity Surveying Practice 2nd Ed, Ashworth A Cost Studies of Buildings 2nd Ed, Longman * Ferry D J, Brandon P S & Ferry J (1991) Cost Planning of Buildings 7th Ed, Granada * Ashworth A & Hogg K (2002) Willis's Practice & Procedure for the Quantity Surveyor, 11th Ed, Blackwell * Flanagan Roger & Tate Brian (1997) Cost Control in Building Design, Blackwell. The Royal Institution of Chartered Surveyors (1982) Quantity Surveyors Practice Pamphlet No 3 Pre-Contract Cost Control and Cost Planning, RICS Building Cost Information Service Standard Form of Cost Analysis (1987): Principles, Instructions and Definitions, BCIS * Essential Texts - Recommended Purchase

Transferrable Skills

Development of: Analytical, appraisal, interpretative and quantitative skills Written, graphical and IT presentation skills including the use of computer spreadsheets for financial projections Verbal, visual and responsive presentation skills Group working, team working, role play

Module Structure

Activity Total Hours
Lectures (PT) 30.00
Independent Learning (FT) 36.00
Directed Learning 36.00
Assessment (PT) 18.00
Private Study 36.00
Independent Learning (PT) 36.00
Practicals (PT) 10.00
Lectures (FT) 30.00
Assessment (FT) 18.00
Practicals (FT) 10.00
Seminars (PT) 34.00
Seminars (FT) 34.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 0.00 40.00 35% Statistics and Cost Modelling
Coursework 0.00 30.00 35% Cost Planning and Cost Control
Coursework 0.00 30.00 35% Construction Costs