CONSTRUCTION COST STUDIES

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3K225344
Module Leader n/a
School School for Work Based Education
Subject SCWBE
Trimesters
  • A (September start)
  • B (January start)
  • C (May 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 79 %. The percentage of Work Based Assessment for this module is 100%, which is represented by Courseworks 1 & 2.

Syllabus

1. Defining client requirements and key elements of design economics involving factors affecting design ad cost, building shape, size and height. 2. 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. 3. 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. 4. Bill of quantities and use as a pricing tool, operational estimating and prime costs of resources. 5. 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. 6. Bidding strategies and economic and financial factors affect on contractors tender submission. 7. Overview of post contract cost control procedures including interim valuations, cost reporting, cash flow forecasting and final accounts.

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. Demonstrate detailed knowledge and understanding in the development of a cost plan that evolves in tandem with design and can be used to monitor budget comparison4. Critically 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. Demonstrate critical understanding of 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]

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. In the context of a work based ethos, teaching and learning methods use authentic work based scenarios to promote action learning, inquiry based learning, problem based learning and peer learning. In addition, at this academic level students are expected to take a critical stance as they draw on academic theories and techniques in order to frame, analyse and solve actual work-based problems. These approaches directly involve the apprentice in the process of learning and also encourage collaborative learning. The module will begin with 2 days of introductory seminars to provide the apprentices with a clear understanding of the curriculum and assessment requirements of the module and to engage in question / answers sessions. The remainder of the module is delivered online via GCULearn. The online component is structured using a week by week template and guides the apprentice through the subject learning and assessment requirements of the module. A range of resources such as PowerPoint, Camtasia, video clips, web links and other tailored learning relevant to the module topics are used.. Learners will be supported throughout by the module team. This includes the lecturers, work based / industrial mentors and Academic Development Tutors. Clear sign posting will ensure that module learning outcomes are progressed, reinforced though a carefully mapped formative assessment of concepts / strategies and the application of critical subject matter. This facilitates an evaluation of the level of comprehension attained by the apprentice and also enables the module team to provide support and guidance as required through email, GCULearn announcements, blogs, skype of Collaborate discussions. Summative assessments are compulsory. A mark of 35% must be achieved for each summative assessment and an overall / aggregate mark of 40% must be achieved.

Indicative Reading

Essential -1 Reading Seeley,-1 Ivor-1 H. (1997)-1 Quantity Surveying-1 Practice-1 (Building-1 and Surveyings)-1 (2nd-1 Ed) Macmillan Press Ltd (ISBN 978-1-349-14404-4). Kirkham,-1 R. (2014)-1 Ferry-1 and Brandon's-1 Cost Planning-1 of Buildings-1 (9th Ed) Wiley Blackwell (ISBN 978-1-119-96862-7). Brook, M. (2017) Estimating-1 and-3 Tendering for-1 Construction -2 Work (5th Ed) Routledge (ISBN 978-1-315-73469-9). -1 Hackett, M., -1 Robinson, I., Strathman, G. (2016) The-9 Aqua-1 Group-1 Guide-1 to Procurement, -3 Tendering -1 and -1 Contract-9 Administration (2nd-1 Ed) Wiley Blackwell ( ISBN 978-1-118-34654-9 ). Flanagan,-1 R., -5 Tate, B. (1997) -1 Cost -1 Control -1 in Building -1 Design, Wiley-1 Blackwell (ISBN 978-0-632-04028-9). -1 Cartlidge, -1 D. (2017)-1 3rd -1 ed Quantity-1 Surveyor's-1 Pocket Book, Butterworth-1 Heinemann (ISBN 978-1-138-69835-2 ). -1 Recommended Reading Ashworth,-1 A., Pereras,-1 S. (2015) -1 Cost Studies-1 of Buildings, (6th Ed) Routledge (ISBN 978-1-138-01735-1.) Ashworth,-1 A., -1 Hogg, K., -1 Higgs, -1 C. (2013)-1 Willis's-1 Practice -1 and Procedure-1 for-1 the Quantity-1 Surveyor-1 (13th Ed) Wiley Blackwell (ISBN 978-0-470-67219-8 ). Buchan,-1 R., Fleming,-1 E., Kelly, J. -1 R., Grant,-1 F. E. K. (2003 )-1 Estimating for-1 Builders-1 and Quantity Surveyors-1 (2nd-1 Ed) Butterworth -1 Heinemann. Griffiths, P., Birchall,-1 S., -1 Ramus, J. W. (2017)-1 Contract Practice-1 for-1 Surveyors-1 (4th Ed) Butterworth-1 Heinemann (ISBN 978-1-138-12652-7). Masterman, J. (2002)-1 Introduction-1 to Building-1 Procurement-1 Systems (2nd Ed) Spons-1 Press -1 London (ISBN 978-0-415-25642-2). COST-3 -7 DATA-10 -1 RESOURCES Spon's-10 Architects' -1 and Builders'-1 Price Book, -4 Taylor -1 and Francis -1 Ltd. BCIS, Building-1 Cost Information-1 Service (www. <http://www/>-1 bcis.co.uk - -1 available -1 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]

Module Structure

Activity Total Hours
Assessment (FT) 30.00
Independent Learning (FT) 158.00
Seminars (FT) 12.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 50.00 35% Investigate Essay: Pre-contract cost activities (2000 words)
Course Work 02 n/a 50.00 35% Investigative Essay: Post contract cost activities (2000 words)