Module Provider: |
School of Construction Management and Engineering |
Number of credits: |
10 [5 ECTS credits] |
Level: |
M |
Terms in which taught: |
Spring |
Module Convenor: |
Mr
K
Hutchinson |
Pre-requisites: |
|
Co-requisites: |
|
Modules excluded: |
|
Module version for: |
2007/8 |
Aims:
Built facilities have costs of construction, maintenance, refurbishment and operation. The level of the amount of these costs determines the building's value. Meeting the costs involves significant expenditure and investment by the developer, the building owner or the occupier. To maximise the return on this investment the costs must be managed, controlled and engineered. These processes must take place at all stages of the development process; financial feasibility appraisal, design, construction procurement, construction operations, commissioning, maintenance, refurbishment and demolition.
The financial management techniques required for this are specific to construction. Financial managers in construction require cost engineering expertise, which is central to the aims and content of this module. |
Assessable learning outcomes:
On completion of this module the student will:
understand the concepts of financial cost, price and value with regard to construction and building development
understand the micro economic operation of construction development
have an understanding of, and facility in, the techniques of management accounting in property development and construction operation cost engineering
be capable of analysing design alternatives and construction operations and programmes for cost effectiveness and value maximisation |
Additional outcomes:
Students will be able to make informed decisions about risk apportionment, procurement methods, contract strategies and dispute resolution strategy. In addition, students will be able to explain the legislative context of contracts, and the impact that innovations and current policy development are having on construction procurement policy. |
Outline content:
|
Brief description of teaching
and learning methods:
The module will be taught by lectures, tutorial discussions and seminars, some of which will involve specialist experts in aspects of construction cost. |
Contact hours:
| |
Autumn |
Spring |
Summer |
| Lectures |
|
24 |
|
| Tutorials/seminars |
|
6 |
|
| Practicals |
|
|
|
| Other contact (eg study visits) |
|
|
|
| |
|
|
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| Total hours |
|
30 |
|
| |
|
|
|
| Number of essays or assignments |
|
1 |
|
| Other (eg major seminar paper) |
|
|
|
|
Assessment:
This module will be assessed by means of
* a written examination
Examinations
Examinations will be held once a year. Each examination will consist of a two-hour paper.
Requirements for a pass:
To pass students must attain an average mark of 50%.
Reassessment Arrangements:
To be reassessed by re-examination. |
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