INTERMEDIATE COST STUDIES

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3K203058
Module Leader Siobhan Morrison
School School of Computing, Engineering and Built Environment
Subject Construction and Surveying
Trimester
  • A (September start)

Pre-Requisite Knowledge

Articulation Entry

Summary of Content

Pre-and Post-Contract Cost Planning and Cost Control Design Economics: building shape, size and height; factors affecting design and cost Cost Forecasting: methods, techniques and applications Construction Cost Data: sources, applications including cost indices Cost Analysis: BCIS Standard Form of Cost Analysis Introduction to Estimating & Tendering The Estimating Process Effect of alternative procurement routes and contract conditions on pricing, preliminaries assessment, including Health & Safety considerations;Conversion of estimate to tender Contractor's cash flow Bidding Strategy

Syllabus

Introduction to cost planning and cost controlDesign Economics: factors affecting design and cost; building shape, size and heightCost Forecasting: methods, applications, limitationsConstruction Cost Data: sources, uses, limitations, applications Cost Analysis: interpretation, uses, applicationsIntroduction to estimating: practice and pricing Evaluation and comparison of design/specification/construction method options The effect of contract arrangements, documentation, construction method, on the estimating process Pricing Preliminaries Conversion of Estimate to Tender Formulation of bidding strategies to allow for competition and economic/financial factorsIntroduction to contractor's cash flow and borrowing requirements

Learning Outcomes

On successful completion of this module, student should be able to:1. Recognise and implement the framework for cost planning and cost control (A2, A4, A5)2. Identify the factors influencing project design and their effect on cost (A1, A2, C1, C2, C3)3. Utilise cost forecasting methods to establish project cost (A2, A4, A5, C2, C3)4. Locate sources of cost data and utilise same in determining project cost (A5, C3)5. Interpret cost analysis information and apply same (A5, C3)6. Determine cost variables for estimating construction work (A5, C3)7. Evaluate the impact of design/specification/construction methods/programme on estimating process (A1, A5, C1, C2, C3)8. Determine the effect of varying procurement methods on the estimating process (A3, A4, A5, C3)9. Identify and apply the principles, techniques and approaches in pricing Preliminaries (A5, C2, C3)All of the foregoing underpinned by exercising personal and professional integrity (C6)

Teaching / Learning Strategy

Student-centred flexible learning materials will be utilised in the delivery of the module, underpinned by workshops facilitated by tutors. Learning and teaching strategies will be developed and implemented, appropriate to students' needs, to enable all students to participate fully in the module

Indicative Reading

Ashworth A, Hogg K, Higgs C, Willis's Practice & Procedures for the Quantity Surveyor, 13th Ed,Blackwell Publishing Limited* Ashworth A (2004) Cost Studies of Buildings, 6th Edition, Prentice Hall Ferry D J, Brandon P S & Ferry J, Cost Planning of Buildings, 9th Edition, Wiley-Blackwell Buchan R D, Grant F E K, Fleming E, Kelly J R, Estimating for Builders and Quantity Surveyors, 2nd Edition, Butterworth and Heinmann Brook M, Estimating and Tendering for Construction Work 3rd Edition, Butterworth and Heinmann COST DATA RESOURCES BCIS - Building Cost Information Service ( www.bcis.co.uk -available GCU library database) * Essential Texts - Recommended Purchase

Transferrable Skills

Development of: Analytical, appraisal, interpretative and quantitative skills (B1, B2, B3, B5, D1, D2, D3) Written, graphical and IT presentation skills (D13, D14) Verbal, visual and responsive presentation skills (D14) Group working (D6, D12) Independent Working (D6, D7)

Module Structure

Activity Total Hours
Assessment (PT) 20.00
Independent Learning (FT) 142.00
Independent Learning (PT) 178.00
Lectures (FT) 2.00
Lectures (PT) 2.00
Practicals (FT) 36.00
Assessment (FT) 20.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam 01 3.00 50.00 35% 4 questions from 8 (free choice)
Course Work 01 n/a 50.00 35% Design Economics:Written Assignment (2000 words)