QUSU07032 2019 Cost Planning

General Details

Full Title
Cost Planning
Transcript Title
Cost Planning
Code
QUSU07032
Attendance
N/A %
Subject Area
QUSU - Quantity Surveying
Department
CENG - Civil Eng. and Construction
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2019 - Full Academic Year 2019-20
End Term
9999 - The End of Time
Author(s)
Ruairi ODriscoll
Programme Membership
SG_JQUAN_H08 201900 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_J07 201900 Bachelor of Science in Quantity Surveying SG_JQUAN_B07 201900 Bachelor of Science in Quantity Surveying
Description

This module will enable the student to practically apply cost planning techniques from inception to contract signing and to maintain value for money during the design stage of an individual project

Learning Outcomes

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

1.

Identify the factors that influence the cost of buildings

2.

Have an awareness of how design decisions have an impact on construction costs

3.

Discuss the techniques and stages of pre-contact cost planning

4.

Investigate the benefits of Life Cycle Costing and Value Engineering

5.

Employ sources of cost data for application to current developments

Teaching and Learning Strategies

This module will be delivered using blended learning techniques. This will include lectures / online lectures for online students (via adobe connect or similar), and guest lectures augmented by independent learning and directed learning. This approach addresses student learning needs. Moodle will be used to upload educational material (i.e. presentations and recordings of online lectures plus supplementary reading material) and as a means of assessment (e.g. quizzes, uploading assignments and journals). This blended approach brings students together to facilitate group learning.

Module Assessment Strategies

Coursework and Continuous Assessment

40%

End of Semester / Year Formal Exam

60%

Repeat Assessments

Repeat Continuous Assessment and/or Final Exam.

Indicative Syllabus

Factors that influence the cost of buildings - Plan Shape, Height, Envelope Area, Internal Partitions, Ratios, Buildability, Location

Cost Planning during design stage - inception to acceptance, public 5 steps

Cost Modelling, unit method, area/m², reconciliation

Indicative Estimates and Budget Setting, Benchmarking

Structure - National Standard of Building Elements

Estimating – single price, composite, elemental, approximate

Cost Data – sources, BCIS, interrogation of historical data, reliability, manipulation – analysis of previous projects to be used for cost information

Cost Indices – use and approaches, published forms

Whole Life Costs/Life Cycle Costing

Applied Value Engineering/Value Mangment

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 - Cost Planning Continuous Assessment Assessment 40 % OnGoing 1,2,3,4,5
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam - Cost Planning 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 Lecture Theatre Cost Planning 2 Weekly 2.00
Laboratory Practical Computer Laboratory Cost Planning 2 Weekly 2.00
Independent Learning Not Specified Cost Planning 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Computer Laboratory Cost Planning 1 Weekly 1.00
Independent Learning Not Specified Cost Planning 5 Weekly 5.00
Directed Learning Not Specified Cost Planning 1 Weekly 1.00
Total Online Learning Average Weekly Learner Contact Time 2.00 Hours

Required & Recommended Book List

Recommended Reading
2014-12-15 Ferry and Brandon's Cost Planning of Buildings John Wiley & Sons
ISBN 9781119968627 ISBN-13 1119968623

This new edition of the classic quantity surveying textbook retains its basic structure but has been thoroughly updated to reflect recent changes in the industry, especially in procurement. Although over the last 20 years a number of new procurement methods have evolved and become adopted, the recession has seen many clients revert to established traditional methods of procurement so the fundamentals of cost planning still apply and should not be ignored. The first edition of this leading textbook was published in 1964 and it continues to provide a comprehensive introduction to the practice and procedures of cost planning in the procurement of buildings. This 9th edition has been thoroughly updated to reflect changes that have occurred in the UK construction industry in the past six years. Whilst retaining its core structure of the threephase cost planning process originally developed by Ferry and Brandon, the text provides a thorough grounding in contemporary issues including procurement innovation, whole life cycle costing and modelling techniques. Designed to support the core cost planning studies covered by students reading for degrees in quantity surveying and construction management, it provides a platform for understanding the fundamental importance of effective cost planning practice. The principals of elemental cost planning are covered from both pre and post contract perspectives; the role of effective briefing and client/stakeholder engagement as best practice is also reinforced in this text. This new edition: Addresses The Soft Landings Framework (a new govt. initiative, especially for schools) to make buildings perform radically better and much more sustainably. Puts focus on actual performance in use at brief stage, during design and construction, and especially before and after handover. Covers recent changes in procurement, especially under the NEC and PFI Provides more on PPP and longterm maintenance issues Offers an improved companion website with tutorial worksheets for lecturers and Interactive spreadsheets for students, e.g. development appraisal models; lifecycle costing models

Recommended Reading
2013-08-26 Cost Management of Construction Projects Wiley-Blackwell
ISBN 1118473779 ISBN-13 9781118473771

The cost manager/quantity surveyor plays a pivotal role in the financial and contract management of construction projects, although the exact nature of the service they provide depends on the project employers terms of engagement. This can mean acting as consultant in a range of roles including cost and advisory services for budget setting to initiate a project, cost management through the design and construction phases, contract administration and acting as the client side project manager to oversee the entire building process. Cost Management of Construction Projects focusses on the cost manager/quantity surveyor engaged by the project client, and discusses key elements that help drive project success including measurement (based on the New Rules of Measurement published by RICS), procurement, cost planning, contract administration and project cost management. With examples, it provides a thorough guide to the role in the workplace and in the field, directly addressing the day to day situations faced by the cost manager/quantity surveyor. Donald Towey MRICS has extensive experience of the construction industry. His experience began as an estimator with a glass/glazing contractor in Manchester. Following a number of positions with UK contractors he relocated to Australia and has worked with a number of developers and main contractors, as well as doing freelance work. He is currently working in contracts management in Sydney.

Recommended Reading
2013-06-10 Willis's Practice and Procedure for the Quantity Surveyor Wiley-Blackwell
ISBN 0470672196 ISBN-13 9780470672198

Historically employed to estimate and measure the likely material requirements for any building project, the role of the modern quantity surveyor is diverse, with a wide range of employers and geographical locations to match. Change continues to be a feature in quantity surveying practice, with the New Rules of Measurement, the RICS Black Book and Building Information Modelling (BIM) all adding to the already dynamic environment in which the Quantity Surveyor operates. This new edition of Practice and Procedure for the Quantity Surveyor reflects that dynamic environment, addressing changing practices and procedures in the profession, whilst focussing on the core skills which are essential to success. The 13th edition of this classic text, originally written by three generations of the Willis family (all quantity surveyors) continues to provide a thorough introduction to the work of the quantity surveyor in private practice, in public service and in contracting organisations.

Recommended Reading
2006-11-21 The Aqua Group Guide to Procurement, Tendering & Contract Administration Wiley-Blackwell
ISBN 1405131985 ISBN-13 9781405131988

The period from starting a college course to successful completion of professional examinations represents a long and steep learning curve. The range of skills and the knowledge required to perform work efficiently and effectively might, at first, seem rather daunting. This guide will provide you with sufficient understanding and hold you in good stead for your early years in professional practice. The Aqua Group Guide to Procurement, Tendering and Contract Administration is the merging of three established textbooks written by the Aqua Group - a highly respected group of architects and quantity surveyors. It has been edited, enlarged and updated into a single volume by Davis Langdon and now covers the entire building process from inception through to final account. With clear and thorough explanations by practising professionals from this distinguished practice, you are taken through self-contained chapters covering the detail of: * the briefing stage; * procurement methods; * tendering procedures; and * contract administration. Throughout, the emphasis is on current best practice and the book draws from the widely used Joint Contracts Tribunal (JCT) series of contracts, notably the 2005 edition of the Standard Building Contract. This authoritative guide provides a detailed account of the building team's roles and responsibilities, and industry practice required to ensure that projects meet clients' expectations in respect of time, cost and quality.

Recommended Reading
1997-01 Quantity Surveying Practice
ISBN 0333689070 ISBN-13 9780333689073

This book covers the whole range of skills and knowledge that modern quantity surveyors require to perform their work efficiently and effectively. The text has been thoroughly revised and extended to enhance its value to the reader.

Module Resources

Journal Resources

Surveyors Journal (SCSI)

URL Resources

The Society of Chartered Surveyors Ireland;  https://www.scsi.ie/?gclid=EAIaIQobChMIuY2XqLOT4QIVzLvtCh2BpQ47EAAYASAAEgJAOPD_BwE

The Chartered Institute of Builders;  https://www.ciob.org/

Other Resources

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

National Building Elements Committee 1993 National Standard of Building Elements and Design Cost Control Procedures Environmental Research Unit, Dublin