218311

Construction Contract and Financial Administration

An introduction to construction procurement methods, contractual arrangement methods, contractual risk assessment, and construction contract and subcontract administration including the financial administration.

Course code

Qualifications are made up of courses. Some universities call these papers. Each course is numbered using six digits.

218311

Level

The fourth number of the course code shows the level of the course. For example, in course 219206, the fourth number is a 2, so it is a 200-level course (usually studied in the second year of full-time study).

300-level

Credits

Each course is worth a number of credits. You combine courses (credits) to meet the total number of credits needed for your qualification.

15

Subject

Building and Construction

Course planning information

Course notes

Students have to attend both courses

To pass the course students must pass the assignment component with an average mark of 50%. To pass the course students must pass the final exam with a minimum mark of at least 50%.

Prerequisite courses

Complete first
Any 2182xx

You need to complete the above course or courses before moving onto this one.

General progression requirements

You must complete at least 45 credits from 200-level before enrolling in 300-level courses.

Learning outcomes

What you will learn. Knowledge, skills and attitudes you’ll be able to show as a result of successfully finishing this course.

  • 1 Demonstrate the key principles of traditional and non-traditional procurement methods.
  • 2 Explain the different contractual arrangement methods such as pure lump sum contracts, contracts with quantities, re-measurement contracts, schedule of rates contracts and cost-reimbursable contracts.
  • 3 Explain the multiple roles of the contract administrator in construction contracts including that of the client’s agent and of an independent professional.
  • 4 Perform contractual risk assessment.
  • 5 Administer all aspects of construction contracts and subcontracts including the financial aspects such as preparing payment claims and payment certificates.
  • 6 Compare, contrast and administer different types of construction contracts and subcontracts.
  • 7 Apply fact-finding and communication skills.

Learning outcomes can change before the start of the semester you are studying the course in.

Assessments

Assessment Learning outcomes assessed Weighting
Written Assignment 1 2 3 4 7 25%
Written Assignment 4 5 6 7 25%
Exam (centrally scheduled) 1 2 3 4 5 6 50%

Assessment weightings can change up to the start of the semester the course is delivered in.

You may need to take more assessments depending on where, how, and when you choose to take this course.

Explanation of assessment types

Computer programmes
Computer animation and screening, design, programming, models and other computer work.
Creative compositions
Animations, films, models, textiles, websites, and other compositions.
Exam College or GRS-based (not centrally scheduled)
An exam scheduled by a college or the Graduate Research School (GRS). The exam could be online, oral, field, practical skills, written exams or another format.
Exam (centrally scheduled)
An exam scheduled by Assessment Services (centrally) – you’ll usually be told when and where the exam is through the student portal.
Oral or performance or presentation
Debates, demonstrations, exhibitions, interviews, oral proposals, role play, speech and other performances or presentations.
Participation
You may be assessed on your participation in activities such as online fora, laboratories, debates, tutorials, exercises, seminars, and so on.
Portfolio
Creative, learning, online, narrative, photographic, written, and other portfolios.
Practical or placement
Field trips, field work, placements, seminars, workshops, voluntary work, and other activities.
Simulation
Technology-based or experience-based simulations.
Test
Laboratory, online, multi-choice, short answer, spoken, and other tests – arranged by the school.
Written assignment
Essays, group or individual projects, proposals, reports, reviews, writing exercises, and other written assignments.

Textbooks needed

Textbooks can change. We recommend you wait until at least seven weeks before the semester starts to buy your textbooks.

Recommended

MANAGEMENT FOR THE NEW ZEALAND CONSTRUCTION INDUSTRY

Author
SUZANNE WILKINSON, ROSEMARY SCOFIELD
ISBN
1877258563
Edition
2003
Publisher
Auckland, N.Z. : Prentice Hall

KENNEDY-GRANT ON CONSTRUCTION LAW

Author
TÓMAS KENNEDY-GRANT
ISBN
9780408717861
Edition
2ND ED
Publisher
Wellington [N.Z.] : LexisNexis NZ, 2012

ESTIMATING AND TENDERING FOR CONSTRUCTION WORK

Author
MARTIN BROOK
ISBN
0750658649
Edition
4TH ED
Publisher
Boston : Elsevier Butterworth-Heinemann, 2008

CONTRACT PRACTICE FOR SURVEYORS

Author
JACK RAMUS
ISBN
978-0-7506-6833-0
Edition
4TH ED
Publisher
Boston, London: Butterworth-Heinemann (Elsevier) 2006

NEW ZEALAND STANDARD CONDITIONS OF CONTRACT FOR BUILDING AND CIVIL ENGINEERING CONSTRUCTION. NZS 3910

Author
NEW ZEALAND STANDARDS
Edition
2003
Publisher
New Zealand Standards

COST STUDIES OF BUILDINGS

Author
ALLAN ASHWORTH
ISBN
013145322X
Edition
5TH ED
Publisher
Harlow, EnglandHarlow, England: Pearson Education Ltd / Prentice Hall, 2010

CONSTRUCTION CONTRACTS: LAW AND MANAGEMENT

Author
JOHN MURDOCH, WILL HUGHES
Edition
4TH ED, 2008
Publisher
Taylor and Francis, New York

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Course delivery details

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