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Construction Cost Planning and Economics (ABPL30056)
Undergraduate level 3Points: 12.5Not available in 2020
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
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This subject examines the financial management of construction at the pre-contract stage including the practice of the professional quantity surveyor. This subject aims to give students the knowledge of the processes involved in establishing and maintaining client’s budget at the design stage. It provides students with skills needed to effectively monitor the budget for a simple building project on a regular basis during the design stage by cost planning of evolving design, and preparing cost estimate at detailed design and tender documentation stage including the application of life cycle costing technique to design of buildings. Topics covered include Design Economics; Cost planning and control in building design: cost estimating procedure and simple cost modelling techniques and whole life costing.
Intended learning outcomes
On completion of the subject students should be able to:
- Analyse building design variables influencing the cost of a buildings.
- Apply standard cost planning techniques to simple buildings during the design process.
- Describe the role of cost planning and analysis as a means of managing the design process and obtaining value for money.
- Explain the process of construction cost forecasting.
- Know how to apply simple cost modelling processes.
- Know how to choose among alternative design solutions using the cost-in-use technique.
Generic skills
At the completion of the subject students should have developed the following skills and capabilities:
- Understanding of construction documentation used in nonresidential construction.
- Effective participation as a team member.
- Evaluation of alternative construction solutions.
- Understanding of the cost significance of building elements.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ABPL30040 | Measurement of Building Works | Semester 2 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Three practical exercises Assignments; due in week 4 (10% group work, 550 words per student), week 7 (10% individual work, 550 words) and week 11 (20% group work, 800 words per student) | From Week 4 to Week 11 | 40% |
An exam
| End of semester | 60% |
Last updated: 3 November 2022
Dates & times
Not available in 2020
Time commitment details
170 hours
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
- Smith, J. and Jaggar, D. (2007) Building Cost Planning for the Design Team, 2nd edition, Elsevier, Oxford.
- Australian Institute of Quantity Surveyors (2000) Australian Cost Management Manual, volume 1, Australian Institute of Quantity Surveyors, Canberra.
- Flanagan, R. and Tate B. (1997) Cost Control in Building Design, Blackwell, Oxford.
- Related Handbook entries
This subject contributes to the following:
Type Name Informal specialisation Environments Discipline subjects - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022