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BULD6019 - Cost Planning and Control

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Title:Cost Planning and Control
Long Title:Cost Planning and Control
Module Code:BULD6019
 
Duration:1 Semester
Credits: 5
NFQ Level:Fundamental
Field of Study: Building Science
Valid From: Semester 1 - 2014/15 ( September 2014 )
Module Delivered in 5 programme(s)
Module Coordinator: DANIEL CAHILL
Module Author: DANIEL CAHILL
Module Description: This module will enable the student to understand and use cost data and resource information for the purpose of cost planning and control
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Identify and consider pre contract cost planning from inception to contract acceptance
LO2 Describe the processes used in cost planning using specialist construction cost software
LO3 Manipulate and modify historical cost data
LO4 Prepare simple Interim valuations and Final Accounts
LO5 Discuss how costs can be controlled in construction projects, both pre and post contract
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 MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).

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
 

Module Content & Assessment

Indicative Content
Use of historical cost data
Analysis of previous projects to be used for cost information
Methods of cost planning
Introduction to the unit method, Area/m2 method, elemental method and approximate quantities methods of cost planning. Worked examples using specialist construction cost software to analyse and amend cost data.
Economic design
How the following factors affect the design. Plan shape, enclosing ratio, number of storeys, storey height Internal partitions etc
Manipulation of data
Adjusting cost data to allow for changes in size, time and specification between historic building and proposed project
Interim Valuations
Introduction to the procedure involved in the preparation of interim accounts
Final Accounts
Introduction to different types of final account, i.e. Adjusted, Ascertained, Cost plus etc
Assessment Breakdown%
Course Work100.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation Preparation of sample cost plans using historical data to control costs 1,2,3,5 50.0 Week 6
Practical/Skills Evaluation Preparation of interim valuation and final accounts on simple contracts to aid cost control 4,5 50.0 Sem End
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

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 course material 3.0 Every Week 3.00
Independent & Directed Learning (Non-contact) Application of knowledge gained in lecture 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Delivery of course material 2.0 Every Week 2.00
Independent & Directed Learning (Non-contact) Application of knowledge gained in lecture 5.0 Every Week 5.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Duncan Cartlidge 2012, Quantity Surveyor's Pocket Book, Second Ed., Routledge [ISBN: 978-0415501101]
  • RICS 2012, NRM-1 Order of Cost Estimating & Cost Planning for Capital Building Works, Second Ed., RICS London [ISBN: 978-1842197684]
  • Richard Kirkham 2007, Ferry and Brandon's Coat planning of Buildings, 8th Ed., all, Blackwell publishing London [ISBN: 978-1-4051-3070-7]
Supplementary Book Resources
  • Allan ashworthKeith Hogg ] 2007, Willis's Practice and Procedure for the Quantity Surveyor, 12th Ed., Blackwell Publishing [ISBN: 978-1-4051-4578-7]
  • Jack Ramus, Simon Birchall and Phil Griffiths 2006, Contract practice for surveyors, 4th Ed., Routledge [ISBN: 978-0750668330]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_CCNMG_8 Bachelor of Science (Honours) in Construction Management 4 Mandatory
CR_CQTSU_8 Bachelor of Science (Honours) in Quantity Surveying 4 Mandatory
CR_CMNGT_7 Bachelor of Science in Construction Management 4 Mandatory
CR_CCECO_7 Bachelor of Science in Quantity Surveying 4 Mandatory
CR_CCONS_6 Higher Certificate in Science in Construction 4 Mandatory

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