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Cost Management (ABPL90312)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2018
Subject levelGraduate coursework
Subject codeABPL90312
Campus
Parkville
Availability
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

This subject deals with pre-construction cost management process. It 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. Topics covered include Design Economics; Cost planning and control in building design: cost estimating procedure and simple cost modeling techniques. Quantification, measurement, and documentation including the following aspects: purpose and preparation of Bill of Quantities (BoQ); Processes of preparing BoQ including: taking-off, working-up, abstracting and billing; types of bill formats and their uses; basic principles of measurement and description of works: the use of Australian Standard Method of Measurement (SMM) for construction works in practice, principles of measurement and description of the following: Groundwork, Concrete (including reinforcement and formwork), Masonry, Timber Pitch Roof, and Internal Finishes for simple residential building. Pricing of measured items: building-up of unit rates. Introduction to computerised measurement. Tender process.

Intended learning outcomes

Upon completion of this subject students should:

  • Be able to describe the role of cost management of building works.
  • Be able apply the Australian Standard Method of Measurement to quantification of the works for simple buildings.
  • Be able to measure and prepare bill of quantities for ground works; masonry; concrete/reinforcement and form work; simple timber pitched timber roof; roofing, and finishes.
  • Be able to price measured building work items.
  • Be able to describe the application of computer software to measurement of building works.
  • Know how to apply cost forecasting methods at pre-construction stage.
  • Be able to explain the theory and practice of competitive tendering.

Generic skills

At the completion of the subject students should have developed the following skills and capabilities:

  • Effective participation as a team member.
  • Written, verbal and visual presentation of ideas
  • Correct use of technical terminology relating to cost planning and quantification of building works
  • Information gathering and critical synthesis skills
  • The ability to apply relevant processes and standards to specific examples
  • Identification and familiarity with building components
  • Understanding of construction documentation used in residential construction.

Eligibility and requirements

Prerequisites

One of the following subjects

Code Name Teaching period Credit Points
ABPL90292 Construction of Buildings
Semester 1
12.5
ABPL90324 Materials and Structures
Semester 1
12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Basic Computer Applications

Core participation requirements

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Student Equity and Disability Support website: http://www.services.unimelb.edu.au/disability

Assessment

Description

  • Practical exercise using complex residential building (group assignment) focusing on measurement of Masonry and Finishes, 1000 word equivalent per student due week 5, 20%;
  • Practical exercise (individual assignment) focusing on measurement of Roofing and Woodwork, 800 word equivalent due week 7, 15%;
  • Practical exercise (individual assignment) focussing on measurement of Groundworks and Concrete, 800 word equivalent due week 9, 15%;
  • Group assignment focusing on production of Priced Bill of Quantities, 600 word equivalent due week 11, 10%;
  • Two-hour end of semester exam 2000 word equivalent, 40% .

Hurdle requirement: Students are required to achieve a mark of at least 40% in the exam in order to pass the subject. Attendance and participation in 80% of the tutorials is a mandatory requirement for passing the continuous assessment component of this subject

Dates & times

  • Semester 2
    Principal coordinatorShang Gao
    Mode of deliveryOn Campus — Parkville
    Contact hours48 hours (2 hour lecture & 2 hour tutorial per week)
    Total time commitment170 hours
    Teaching period23 July 2018 to 21 October 2018
    Last self-enrol date 3 August 2018
    Census date31 August 2018
    Last date to withdraw without fail21 September 2018
    Assessment period ends16 November 2018

    Semester 2 contact information

Time commitment details

170 hours

Further information

Prescribed texts

  1. Marsden, P. (1998) Basic Building Measurement, NSW University Press
  2. AIQS et al (1990) Australian Standard Method of Measurement, AIQS & MBCHAA.
  3. Smith, J. and Jaggar, D. (2007) Building Cost Planning for the Design Team, 2nd edition, Elsevier, Oxford.

Related course

Related majors/minors/specialisations

Last updated: 23 October 2017