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PM-K250-M0001 Quantity Surveying Practice
Question:
Brief
Financial control is essential for clients when planning and undertaking capital construction projects to ensure their commercial viability.
You are required to critically review the nature and scope of pre-contract financial management and advice provided by quantity surveying practices on construction projects in an agreed world region.
Your response to the brief should include methodologies, use of appropriate technologies, relevant cost models and accurate cost data to provide maximum value for the project/s.
You can make use of case studies or individual personal knowledge of a particular project or a series of projects to address how financial cost control can potentially be enhanced.
A detailed report is required.
Task(s)
The report should address the following key areas:
• Review the current and consider future pre-contract financial control and management provided by quantity surveying practices
• Identify and discuss required responses to future requirements and challenges
• Provide an example calculation/s in the appendices linked to discussion and analysis in the main report to highlight particular issues or challenges at one of the following estimating stages – Order of Cost Estimate – Elemental Estimate – Pre Tender Estimate
• Consider the advantages and challenges of adopting BIM to enhance pre-contract financial management
• Consider the implementation and application of whole lifecycle analysis
Format
The assignment is to be submitted in a report format and as such should have a formal structure and layout. It should be submitted as a single document.
Referncing
All submissions shall have a bibliography of references and sources used in the preparation of the project. The Harvard style of referencing must be used.
Assessed intended learning outcomes
Knowledge and Understanding
1. Cost planning and estimating
2. Measurement and cost data
3. Clients tendering process
4. Whole life costing
5. Critically evaluate developments in the construction industry and their impact on financial management practices, practical, Professional or Subject Specific Skills
6. Interpret, describe and quantify domestic, non-domestic and refurbishment works in accordance with the appropriate Standard Method of Measurement.
7. Prepare order of cost estimates, preliminary cost plans, whole life cost Measurement
analysis for various
construction applications:
8. Understand tendering process and procedure in the context of a variety of construction projects
Module Aims
1. Assist students to take effective roles in the construction industry or related professions.
2. To develop appropriate knowledge, skill sets and competencies in design appraisal and interpretation from measurement, cost planning and cost control perspectives together with the use of BIM.
3. To develop the ability to think logically, systematically and creatively in providing professional advice in connection with multifaceted and complex issues.
PM-K250-M0001 Quantity Surveying Practice
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