MSFGN3002 - Estimate and cost job

Unit code: MSFGN3002 | Study level: TAFE

Credit points

N/A

Location

Industry

Sunshine

Prerequisites

N/A

Overview

This unit of competency covers estimating materials, labour and time requirements to establish costs for provision of furnishing services or products. Estimation and job costing is that undertaken by a tradesperson in relation to a sector product for a single client or customer.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following skills:

collect, organise and understand information related to work orders, costs and government charges;
communicate ideas and information to enable confirmation of work requirements and specifications and the reporting of work outcomes and problems;
complete an outline plan of activities, including the preparation and layout of the worksite, the obtaining of equipment and materials, and the avoidance of backtracking, work flow interruptions or wastage;
estimate and cost three (3) varied jobs, including: estimate quantities of material required; determine the types and amount of labour required to complete the work; estimate time required to complete the work; estimate overheads associated with the job;
work with others and in a team by recognising dependencies and using cooperative approaches to optimise work flow and productivity;
use mathematical ideas and techniques to correctly complete measurements, estimate material, labour and overhead requirements and accurately cost the product/service;
use checking techniques to anticipate and overcome costing problems, and;
use workplace technology related to the estimation and validation of job costs.

Students will also be expected to demonstrate the following knowledge:

range of products and services offered by the enterprise;
enterprise or equivalent costing procedures;
components of overheads costs;
components of labour costs;
labour rates and approximate costs of products and materials, and;
basic mathematical processes.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic e-learning system.