Program Overview

Course Specification

The current and official versions of the course specifications are available on the web.

CMG2002 Cost Management: Estimating, Measurement and Cost Control

Overview

Estimates are significant to how clients, contractors, and subcontractors perceive project success. This course introduces students to measurement processes and pricing of quantities using industry standards for measuring building and civil quantities.

Staffing

• Course Coordinator: Oluwole Olatunji

Requisites

• Pre-requisite: CMG1001 and ENG1100

Course Learning Outcomes

On completion of this course, students should be able to demonstrate knowledge and:

1. Apply commonly used measurement techniques in construction projects to prepare quantity take-offs and a standard bill of quantities.
2. Explain costing rationales, undertake rate build-up, and price a standard bill of quantities.
3. Explain the place of quantity measurement and estimating processes in construction cost management and control.
4. Utilize computing software for quantity measurement, estimating, and cost management.

Topics

1. | Introduction to project scope plan | 10.00
2. | Basic principles of measurement of building and civil works | 10.00
3. | Quantity take-off and preparation of bill of quantities for estimating purposes | 30.00
4. | Rate build-up for construction trades | 20.00
5. | Estimating cost of building and civil construction works | 10.00
6. | Tender collation and submission process | 5.00
7. | Introduction to software applications for quantity measurement and cost estimation processes | 5.00
8. | The nexus between quantity measurement, estimating, and contract administration | 10.00

Text and Materials Required

• Australia Institute of Quantity Surveyors (2016), Australian Standard Method of Measurement , 6th edn, Canberra.
• Marsden, P 1998, Basic Building Measurement , 2nd edn, NSW University Press, Sydney.

Student Workload Expectations

To do well in this subject, students are expected to commit approximately 10 hours per week, including class contact hours, independent study, and all assessment tasks.

Assessment Details

Approach | Type | Description | Group | Assessment | Weighting (%) | Course Learning Outcomes
---|---|---|---|---|---|---
Assignments | Written | Case Study A1 of 2 | No | 30 | 1
Assignments | Written | Case Study A2 of 2 | No | 40 | 2,3,4,5
Assignments | Written | Reflection (personal/clinical) | No | 30 | 3,4

Course Details

• Units: 1
• School or Department: School of Surveying & Built Environment
• Grading basis: Graded
• Course fee schedule: Not specified
• Semester: Semester 1, 2023
• Mode: Online