| Title: | Development Appraisal |
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| Long Title: | Development Appraisal |
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| Field of Study: |
Building Science
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| Valid From: |
Semester 1 - 2014/15 ( September 2014 ) |
| Module Coordinator: |
DANIEL CAHILL |
| Module Author: |
GILLIAN CAREY |
| Module Description: |
This module enables the Quantity Surveyor to appraise the development of construction projects including initial site selection, development and financing, through to the sustainability of a proposed development |
| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| LO1 |
Analyse real estate strategy and the development culture. |
| LO2 |
Evaluate property site selection including investigation carried out on site, feasibility of the site as a whole and the factors to consider in the aquisition of a site. |
| LO3 |
Analyse the alternative forms of finance that are available to a client for a construction project. |
| LO4 |
Evaluate different design variables, quality and material choices. |
| LO5 |
Assess the sustainability and environmental impact of a proposed development. |
| Pre-requisite learning |
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s). |
| No recommendations listed |
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list. |
| No incompatible modules listed |
Co-requisite Modules
|
| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section. |
| No requirements listed |
Co-requisites
|
| No Co Requisites listed |
Module Content & Assessment
| Indicative Content |
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Property Development Process
Nature of property, essence of development, development properties, golden rules of development, taxation system and taxation on development.
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Development Appraisal
Budgeting for property development, land aquisition procedures and problems, finanical considerations, sources of development finance, developer's budget and feasibility study.
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Economic Aspects of Building Design
Understand the nature of client requirements, evaluate the various factors of design economy, apply the principles of design economy to a new project, recognise that design economy is just one factor to consider in design, appreciate that evolution in design is taking place.
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Environmental Management
Environmental issues including climate, contaminated land, energy, environmental assessment,pollution, sustainability, visual impact and heritage.
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| Assessment Breakdown | % |
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| Course Work | 20.00% |
| End of Module Formal Examination | 80.00% |
| Course Work |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Short Answer Questions |
One hour in-class exam |
1,2 |
20.0 |
Week 4 |
| End of Module Formal Examination |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Formal Exam |
End-of-Semester Final Examination |
3,4,5 |
80.0 |
End-of-Semester |
| Reassessment Requirement |
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
|
The institute reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Delivery of Module Content |
4.0 |
Every Week |
4.00 |
| Independent & Directed Learning (Non-contact) |
Review augmentation and application of lecture material. |
3.0 |
Every Week |
3.00 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
4.00 |
| Workload: Part Time |
| Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Delivery of Module Content |
4.0 |
Every Week |
4.00 |
| Independent & Directed Learning (Non-contact) |
Review, augmentation and application of lecture material. |
3.0 |
Every Week |
3.00 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
4.00 |
Module Resources
| Recommended Book Resources |
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- Willie Tan 2007, Principles of project and infrastructure finance, Routledge [ISBN: 978-0-415-41577-4]
- Duncan Cartlidge 2012, Quantity Surveyor's Pocket Book, Second Ed., Routledge [ISBN: 978-0415501101]
- A. E. Baum, Neil Crosby, 2007, Property Investment Appraisal, 3rd Edition Ed., Wiley Blackwell [ISBN: 978-1405135559]
- Richard Kirkham 2007, Ferry and Brandon's Cost Planning of Buildings, 8th Edition Ed. [ISBN: 9781405130707]
| | Supplementary Book Resources |
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- Ivor H. Seeley 1996, Building economics, Macmillan Basingstoke [ISBN: 0-333-63835-2]
- Russell Kenley 2003, Financing construction, Spon Press London [ISBN: 0-415-23207-4]
- Martin Hoesli & Bryan D. MacGregor 2000, Property investment, Longman Harlow [ISBN: 9780582316126]
| | This module does not have any article/paper resources |
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| This module does not have any other resources |
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Module Delivered in
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