CONSTRUCTION COST STUDIES

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2K225143
Module Leader Elaine Brennan
School School of Computing, Engineering and Built Environment
Subject Construction and Surveying
Trimester
  • A (September start)

Summary of Content

- Review factors affecting design and cost. - Compilation of initial budget. - Development of cost plan and subsequent preparation of tender. - Consideration of procurement options. - Contractors estimating process and preparation of tender bid. - Post contract cost control and cost reporting - Interim valuation, cash flow forecasting and final accounts. - Claims, delays and disputes. The percentage of Work Based Learning for this module, as represented by the Independent Learning "Activity Type", is 73%. The percentage of Work Based Assessment for this module is 100%, which is represented by Courseworks 1 & 2 .

Syllabus

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 accommodation 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 clients with different procurement 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.

Learning Outcomes

On successful completion of this module, apprentices should be able to:1. Recognise the importance of ascertaining a client's needs and how these impact design, cost and procurment 2. Understand and apply a range of methods of cost modelling suitable for different stages of construction project 3. Develop a cost plan that evolves in tandem with design and can be used to monitor budget comparison4. Appreciate the different forms of procurement and the ability to select the most appropriate and beneficial route to match clients requirements 5. Identify and analyse the cost variables for estimating construction work 6. Understand the principles, techniques and approaches in compiling a complete tender and the preparation and purpose of a tender report 7. Identify and analyse the principles, techniques and approaches in post contract cost control8. Show detailed knowledge and understanding of procedures adopted to deal with claims delays and disputes[A2, A3, A4-A6, A9, B1-B4, B6, B7 SDS GA: 2.2,2.3,3.1,3.2,3.4,3.6,4.1,4.2,4.4]

Teaching / Learning Strategy

The essential purpose of this module is to provide the student with the time and space to develop an understanding of the context and principles of construction costs. This subject will be delivered by a student led "flipped classroom "core information, and supporting learning materials will be made available for each lecture electronically in GCU Learn. Seminars/tutorials will concentrate on applying core information in lectures to problem questions given in advance. Students are referred to supporting reading materials to deepen their knowledge and understanding of lecture and seminar topics. Concepts delivered in the 'Flipped Classroom' mode will require students to view lecture & supporting materials online and complete formative exercises prior to engaging and completing an on-campus seminar with academic support leading the discussions to explore the relevance of the content and specific to their workplace.

Indicative Reading

Seeley, Ivor H. (1997) Quantity Surveying Practice (Building and Surveyings) (2nd Ed) Palgrave Macmillan Ashworth, A., Pereras, S. (2015) Cost Studies of Buildings, (6th Ed) Prentice Hall Ashworth, A., Hogg, K., Higgs, C. (2013) Willis's Practice and Procedure for the Quantity Surveyor (13th Ed) Blackwell Kirkham, R. (2013) Ferry and Brandon's Cost Planning of Buildings (8th Ed) Wiley Blackwell Buchan, R., Fleming, E., Kelly, J. R., Grant, F. E. K. (1991) Estimating for Builders and Quantity Surveyors (2nd Ed) Butterworth Heinemann Brook, M. (2004) Estimating and Tendering for Construction Work (3rd Ed) Butterworth Heinemann Griffins, P., Birchall, S., Ramus, J. W. (2015) Contract Practice for Surveyors (4th Ed) Butterworth Heinemann Hackett, M., Robinson, I., Strathman, G. (2016) The Aqua Group Guide to Procurement, Tendering and Contract Administration (2nd Ed) Blackwell Flanagan, R., Tate, B. (1997) Cost Control in Building Design, Wiley Blackwell Cartlidge, D. (2017) 3rd ed Quantity Surveyor's Pocket Book, Butterworth Heinemann Masterman, J. (2001) Introduction to Building Procurement Systems (2nd Ed) Spons Press London COST DATA RESOURCES Spon's Architects' and Builders' Price Book, Taylor and Francis Ltd BCIS, Building Cost Information Service (www. bcis.co.uk - available on campus), BCIS

Transferrable Skills

Development of: Analytical, appraisal, interpretative and quantitative skills Written, graphical and IT presentation skills Verbal, visual and responsive presentation skills Group working Independent Working [C4, C5, D1, D3-D6, E1, E3, E5-E7 SDS GA: 5.1 - 5.3]

Module Structure

Activity Total Hours
Assessment (FT) 30.00
Seminars (FT) 24.00
Independent Learning (FT) 146.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 0.00 50.00 35% Investigate Essay: Pre-contract cost activities (2000 words)
Coursework 2 0.00 50.00 35% Investigative Essay: Post contract cost activities (2000 words)