Building Economics is a subject that provides an overview of the Quantity Surveyor’s role during the pre-tender stage of a development. The students will be introduced to practical situations of the various methods of controlling the cost of buildings at the design stage. Students also will be introduced to the relationship between building morphology, design variables and life cycle costing of a building. Students are also given the opportunity to learn and apply information technology in the cost planning.
The learning of building economics actually helps to to develop an awareness of the nature, content, and significance of cost control, cost planning and understand the roles of project teams towards fulfilling client needs. Besides that, building economics also focus on the development of awareness of the effect of design variables in obtaining an economical design and to appreciate the role of the quantity surveyor in pre- and post-contract stages.
Through out the building economics course, we are able to identify the role and responsibilities of Quantity Surveyors in the overall development process and to match the relationship between cost and design to a value outcome and also explain various methods of pre-tender estimating.Building economics outline the importance of cost studies to enhance the role of Quantity Surveyor in the development process.Therefore,we are now able to produce an estimate at pre-tender stage, cost plan based on historical data and S-curve for financial planning to a proposed project.
Building Economics covered lecture:
1.Introduction to Building Economics
2.Concept Cost Control
3.Cost Modelling
4.Building Morphology And Design Economics
5.Detail Cost Planning
6.Cost Indices
7.Cost Analysis ,Indices & Data
8.Investment And Development Appraisals
9.Whole life costing
Assignment 1
Assignment 1 basically require us to amend and revise the preliminary cost in order to meet the marketing department requirement and the latest design requirement provided by Architect.Through out this assignment, student are able to know more and understand the sequence of preliminary cost plan and also the suitable percentage allocation for preliminary and contingency sum.
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Assignment 2
In this assignment, we are required to complete it individually.Though out this assignment, we are able to know more detail about the procurement method as we are required to suggest a suitable procurement method based on client requirement.Therefore,the knowing of advantages and disadvantages of each procurement is necessary in order to choose the best procurement method for client.Besides that, we have successfully gained knowledge and skills on how to advise the client based on their requirement.
Below are some photo attachment of my part for assignment 2:
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