CONSTRUCTION COST STUDIES

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2K225247
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.

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 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.

Learning Outcomes

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)

Teaching / Learning Strategy

Lectures supported by tutorials and augmented by flexible learning materials.

Indicative Reading

Seeley Ivor H - Quantity Surveying Practice (Building and Surveyings), 2nd Edition, Palgrave Macmillan Ashworth A, Pereras S - Cost Studies of Buildings, 6th Edition, Prentice Hall Ashworth A, Hogg K, Higgs, C - Willis's Practice and Procedure for the Quantity Surveyor, 13th Edition, Blackwell Kirkham R - Ferry and Brandon's Cost Planning of Buildings, 8th Edition, Wiley Blackwell Buchan R, Fleming E, Kelly JR, Grant FEK - Estimating for Builders and Quantity Surveyors, 2nd Edition, Butterworth Heinemann Brook, M - Estimating and Tendering for Construction Work, 3rd Edition, Butterworth Heinemann Griffins P, Birchall S, Ramus JW - Contract Practice for Surveyors, 4th Edition, Butterworth Heinemann Hackett M, Robinson I, Strathman G - The Aqua Group Guide to Procurement, Tendering and Contract Administration, 2nd Edition, Blackwell Flanagan R, Tate B - Cost Control in Building Design (1997), Wiley Blackwell Cartlidge D - Quantity Surveyor's Pocket Book, 2nd Edition, Butterworth Heinemann Masterman J - Introduction to Building Procurement Systems, 2nd Edition, Spons Press London COST DATA RESOURCES Davis Langdon - Spoon's Architect's and Builder's 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 (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)

Module Structure

Activity Total Hours
Assessment (FT) 30.00
Independent Learning (FT) 146.00
Tutorials (FT) 12.00
Lectures (FT) 12.00

Assessment Methods

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