Price Analysis
Credit points
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
Online Real Time
Prerequisites
(Or equivalent to be determined by unit coordinator)
Co-requisites
(Corequisite units must be studied concurrently with this unit)
Overview
This unit introduces concepts of pricing building and civil engineering construction works. Pricing of construction projects consists of activities including unit rate build up and analysis. The unit facilitates students’ critical thinking and analytical skills of students through by preparing and assessing unit rates by analysing material, labour, plant and equipment inputs used in different building and civil engineering construction elements. Principles and concepts encompass analysis of building cost indices, pricing project elements including site overheads (preliminaries), head office overheads, and effects of building morphology on cost parameters.
Learning Outcomes
On successful completion of this unit, students will be able to:
- Critique the different strategies used to conduct construction project cost planning in the pre-contract stages;
- Analyse building elemental rates considering location and time indices for different building morphologies; and
- Compute unit rates for building and civil engineering works, including preliminaries based on available construction cost guides and schedules.
Assessment
For Melbourne campuses
Assessment type: Assignment | Grade: 30%
Cost planning in the pre-contract stages (Individual)
Assessment type: Test | Grade: 20%
In-class test (multiple choice and written responses) (Individual)
Assessment type: Assignment | Grade: 50%
Report 40% and Presentation 10% - A Bills of Quantity for a case study building project. (Group))
The group report and presentation include an evaluation of the contributions made by each member of the team to facilitate the assessment of students' achievement of learning outcomes.
Required reading
A list of recommended textbooks will be made available on VU Collaborate.
As part of a course
This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.