QUSU07032 2019 Cost Planning
This module will enable the student to practically apply cost planning techniques from inception to contract signing and to maintain value for money during the design stage of an individual project.
Learning Outcomes
On completion of this module the learner will/should be able to;
Identify the factors that influence the cost of buildings
Have an awareness of how design decisions have an impact on construction costs
Discuss the techniques and stages of pre-contact cost planning
Investigate the benefits of Life Cycle Costing and Value Engineering
Employ sources of cost data for application to current developments
Teaching and Learning Strategies
This module will be delivered using blended learning techniques. This will include lectures / online lectures for online students (via adobe connect or similar), and guest lectures augmented by independent learning and directed learning. This approach addresses student learning needs. Moodle will be used to upload educational material (i.e. presentations and recordings of online lectures plus supplementary reading material) and as a means of assessment (e.g. quizzes, uploading assignments and journals). This blended approach brings students together to facilitate group learning.
Module Assessment Strategies
Coursework and Continuous Assessment
40%
End of Semester / Year Formal Exam
60%
Repeat Assessments
Repeat Continuous Assessment and/or Final Exam.
Indicative Syllabus
Factors that influence the cost of buildings - Plan Shape, Height, Envelope Area, Internal Partitions, Ratios, Buildability, Location
Cost Planning during design stage - inception to acceptance, public 5 steps
Cost Modelling, unit method, area/m², reconciliation
Indicative Estimates and Budget Setting, Benchmarking
Structure - National Standard of Building Elements
Estimating – single price, composite, elemental, approximate
Cost Data – sources, BCIS, interrogation of historical data, reliability, manipulation – analysis of previous projects to be used for cost information
Cost Indices – use and approaches, published forms
Whole Life Costs/Life Cycle Costing
Applied Value Engineering/Value Mangment
Coursework & Assessment Breakdown
Coursework Assessment
Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
---|---|---|---|---|---|---|
1 | Continuous Assessment - Cost Planning | Coursework Assessment | Assessment | 40 % | OnGoing | 1,2,3,4,5 |
End of Semester / Year Assessment
Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
---|---|---|---|---|---|---|
1 | Final Exam - Cost Planning | Final Exam | Closed Book Exam | 60 % | End of Semester | 1,2,3,4,5 |
Full Time Mode Workload
Type | Location | Description | Hours | Frequency | Avg Workload |
---|---|---|---|---|---|
Lecture | Lecture Theatre | Cost Planning | 2 | Weekly | 2.00 |
Practical / Laboratory | Computer Laboratory | Cost Planning | 2 | Weekly | 2.00 |
Independent Learning | Not Specified | Cost Planning | 3 | Weekly | 3.00 |
Online Learning Mode Workload
Type | Location | Description | Hours | Frequency | Avg Workload |
---|---|---|---|---|---|
Lecture | Computer Laboratory | Cost Planning | 1 | Weekly | 1.00 |
Independent Learning | Not Specified | Cost Planning | 5 | Weekly | 5.00 |
Directed Learning | Not Specified | Cost Planning | 1 | Weekly | 1.00 |
Required & Recommended Book List
2014-12-15 Ferry and Brandon's Cost Planning of Buildings John Wiley & Sons
ISBN 9781119968627 ISBN-13 1119968623
This new edition of the classic quantity surveying textbook retains its basic structure but has been thoroughly updated to reflect recent changes in the industry, especially in procurement. Although over the last 20 years a number of new procurement methods have evolved and become adopted, the recession has seen many clients revert to established traditional methods of procurement so the fundamentals of cost planning still apply and should not be ignored. The first edition of this leading textbook was published in 1964 and it continues to provide a comprehensive introduction to the practice and procedures of cost planning in the procurement of buildings. This 9th edition has been thoroughly updated to reflect changes that have occurred in the UK construction industry in the past six years. Whilst retaining its core structure of the threephase cost planning process originally developed by Ferry and Brandon, the text provides a thorough grounding in contemporary issues including procurement innovation, whole life cycle costing and modelling techniques. Designed to support the core cost planning studies covered by students reading for degrees in quantity surveying and construction management, it provides a platform for understanding the fundamental importance of effective cost planning practice. The principals of elemental cost planning are covered from both pre and post contract perspectives; the role of effective briefing and client/stakeholder engagement as best practice is also reinforced in this text. This new edition: Addresses The Soft Landings Framework (a new govt. initiative, especially for schools) to make buildings perform radically better and much more sustainably. Puts focus on actual performance in use at brief stage, during design and construction, and especially before and after handover. Covers recent changes in procurement, especially under the NEC and PFI Provides more on PPP and longterm maintenance issues Offers an improved companion website with tutorial worksheets for lecturers and Interactive spreadsheets for students, e.g. development appraisal models; lifecycle costing models
2013-08-26 Cost Management of Construction Projects Wiley-Blackwell
ISBN 1118473779 ISBN-13 9781118473771
The cost manager/quantity surveyor plays a pivotal role in the financial and contract management of construction projects, although the exact nature of the service they provide depends on the project employers terms of engagement. This can mean acting as consultant in a range of roles including cost and advisory services for budget setting to initiate a project, cost management through the design and construction phases, contract administration and acting as the client side project manager to oversee the entire building process. Cost Management of Construction Projects focusses on the cost manager/quantity surveyor engaged by the project client, and discusses key elements that help drive project success including measurement (based on the New Rules of Measurement published by RICS), procurement, cost planning, contract administration and project cost management. With examples, it provides a thorough guide to the role in the workplace and in the field, directly addressing the day to day situations faced by the cost manager/quantity surveyor. Donald Towey MRICS has extensive experience of the construction industry. His experience began as an estimator with a glass/glazing contractor in Manchester. Following a number of positions with UK contractors he relocated to Australia and has worked with a number of developers and main contractors, as well as doing freelance work. He is currently working in contracts management in Sydney.
2013-06-10 Willis's Practice and Procedure for the Quantity Surveyor Wiley-Blackwell
ISBN 0470672196 ISBN-13 9780470672198
Historically employed to estimate and measure the likely material requirements for any building project, the role of the modern quantity surveyor is diverse, with a wide range of employers and geographical locations to match. Change continues to be a feature in quantity surveying practice, with the New Rules of Measurement, the RICS Black Book and Building Information Modelling (BIM) all adding to the already dynamic environment in which the Quantity Surveyor operates. This new edition of Practice and Procedure for the Quantity Surveyor reflects that dynamic environment, addressing changing practices and procedures in the profession, whilst focussing on the core skills which are essential to success. The 13th edition of this classic text, originally written by three generations of the Willis family (all quantity surveyors) continues to provide a thorough introduction to the work of the quantity surveyor in private practice, in public service and in contracting organisations.
2006-11-21 The Aqua Group Guide to Procurement, Tendering & Contract Administration Wiley-Blackwell
ISBN 1405131985 ISBN-13 9781405131988
The period from starting a college course to successful completion of professional examinations represents a long and steep learning curve. The range of skills and the knowledge required to perform work efficiently and effectively might, at first, seem rather daunting. This guide will provide you with sufficient understanding and hold you in good stead for your early years in professional practice. The Aqua Group Guide to Procurement, Tendering and Contract Administration is the merging of three established textbooks written by the Aqua Group - a highly respected group of architects and quantity surveyors. It has been edited, enlarged and updated into a single volume by Davis Langdon and now covers the entire building process from inception through to final account. With clear and thorough explanations by practising professionals from this distinguished practice, you are taken through self-contained chapters covering the detail of: * the briefing stage; * procurement methods; * tendering procedures; and * contract administration. Throughout, the emphasis is on current best practice and the book draws from the widely used Joint Contracts Tribunal (JCT) series of contracts, notably the 2005 edition of the Standard Building Contract. This authoritative guide provides a detailed account of the building team's roles and responsibilities, and industry practice required to ensure that projects meet clients' expectations in respect of time, cost and quality.
1997-01 Quantity Surveying Practice
ISBN 0333689070 ISBN-13 9780333689073
This book covers the whole range of skills and knowledge that modern quantity surveyors require to perform their work efficiently and effectively. The text has been thoroughly revised and extended to enhance its value to the reader.
Module Resources
Surveyors Journal (SCSI)
The Society of Chartered Surveyors Ireland; https://www.scsi.ie/?gclid=EAIaIQobChMIuY2XqLOT4QIVzLvtCh2BpQ47EAAYASAAEgJAOPD_BwE
The Chartered Institute of Builders; https://www.ciob.org/
Department of Finance (2009) How to use the Costing Document (Building Works) Template: Capital Works Management Framework, Department of Finance, Dublin
National Building Elements Committee 1993 National Standard of Building Elements and Design Cost Control Procedures Environmental Research Unit, Dublin