QUSU06023 2017 Cost Control

General Details

Full Title
Cost Control
Transcript Title
Cost Control
Code
QUSU06023
Attendance
N/A %
Subject Area
QUSU - Quantity Surveying
Department
CENG - Civil Eng. and Construction
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2017 - Full Academic Year 2017-18
End Term
9999 - The End of Time
Author(s)
Sean McGagh, Trevor McSharry, Paul Donlon
Programme Membership
SG_CCONS_C06 201700 Higher Certificate in Science in Construction SG_CCONS_C06 201700 Higher Certificate in Science in Construction Economics SG_CCEOL_C06 201800 Higher Certificate in Science in Construction Economics (Online)
Description

This module implements the practicalities of effective cost control procedures during the post contract phase of a construction project. The module is designed from the perspective of both consultant quantity surveyor and contractor's quantity surveyor/cost manager.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Describe effective post-contract cost control techniques

2.

Identify the principles of controlling and reporting on costs

3.

Present variations, interim valuations and final accounts

4.

Examine strategies and procedures to control predicted expenditure in line with the contract sum

5.

Prepare and assess loss and expense/delay and disruption claims

Teaching and Learning Strategies

Lecture

Directed Learning

Independent Learning

Lectures and Practicals

Module Assessment Strategies

Continual Assessnment Projects

End of Semester Exam

 

Repeat Assessments

Continual Assessnment Projects

Exam

 

Indicative Syllabus

Post-Contract Cost Control – contract signing – agreement of final account

Using Cash Flow for financial management

Expenditure of PC/Provisional Sums/contingencies

Managing change control/variation procedures, valuing variations & dayworks

The preparation of Interim Valuations/Stage Payments

Reporting and forecasting on costs and risk during the construction phase

Preparation, negotiation and agreement of Final Accounts

Preparation and assessment of Loss and expense/delay and disruption claims 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment Individual Project 40 % OnGoing 1,2,3,4,5
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Examination 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 Not Specified Lecture 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Cost Control 2 Weekly 2.00
Directed Learning Computer Laboratory Cost Control 1 Weekly 1.00
Independent Learning Not Specified Cost Control 4 Weekly 4.00
Total Online Learning Average Weekly Learner Contact Time 3.00 Hours

Required & Recommended Book List

Recommended Reading
2009 How to use the Costing Document (Building Works) Template: Capital Works Management Framework Department of Finance

Module Resources

Other Resources

Department of Finance (2009) How to use the Costing Document (Building Works) Template: Capital Works Management Framework CO 1, Department of Finance, Dublin

National Building Elements Committee (1993) National Standard of Building Elements and Design Cost Control Procedures , 3rd ed. Environmental Research Unit, Dublin

Additional Information

None