16203 Cost Management 2: Estimating6cp; 4 hpw
Requisite(s): 16105 Cost Management 1: Measurement
This subject examines estimating practices and techniques typically used by contractors. Construction pricing underpins the subject and includes breaking construction costs and quantities into labour, material, plant, sub-contract and indirect cost components. The differences in quantity-related, time-related and fixed costs are explored. A series of tutorials and exercises in quantifying and pricing construction work items and activities are carried out by students. The subject then looks at more strategic estimating areas such as tender preparation, the use of builder's bills of quantities, obtaining and checking sub-contractor quotations, pricing preliminaries and determining margins for profit and overheads. Estimating software applications are utilised throughout the subject and students are exposed to leading edge practices that involve integrating construction cost estimating into building information modelling (BIM) systems.
Autumn session, City campus
Detailed subject description.