This unit will provide you with experience in preparing quotations and tender documentation based on identified quantities, and cost planning as a means to control costs during a construction project. You will develop your financial literacy through applied activities; you will learn about the differences between time-related, quantity-related and fixed costs, and how these relate to calculating margins for profits and overheads. You will apply and analyse common methods for presenting quantity and cost information will be discussed, and you will become familiar with methods commonly used to report on cost control over the life of a construction project. You will critically reflect on your knowledge and skills in cost planning and management and develop a professional development plan to continually improve your financial management knowledge and skills.
|Unit name||Cost Planning|
|Available as student elective?||No|
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1. Explain the main methods currently used for cost planning for Australian construction projects.
2. Apply and evaluate techniques to determine costs for labour, materials and equipment in construction projects.
3. Apply and evaluate techniques currently used by construction contractors to present cost information for quotation and tender documentation.
4. Apply and evaluate techniques currently used by construction contractors to manage and report on costs during project work.
5. Reflect on and plan self-learning to continuously up-date cost planning and management skills and knowledge.
|Band||Field of Education|
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Please note: international students should refer to this page to get an indicative course cost.
1. Quizzes (20%)
2. Cost estimate and cost plan report (40%)
3. Project cost review (40%)
|Timetable||View the lecture timetable | View the full unit timetable|
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