218211

Construction Economics and Estimating

Financial concepts relating to early stages of the construction project including feasibility studies, cost planning, preliminary estimating methods, design economics, basic principles of life cycle costing and value engineering, tender documentation, tendering methods, and tender pricing and evaluation.

Course code

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

218211

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).

200-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

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 50%.

Prerequisite courses

Complete first

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 100-level before enrolling in 200-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 Describe feasibility studies and cost planning techniques and prepare preliminary estimates using a variety of methods.
  • 2 Estimate the implications of design layouts and other design choices on project costs.
  • 3 Describe basic concepts relating to life-cycle-costing and value engineering.
  • 4 Prepare tender documents, evaluate and prepare tender reports under various tendering methods.
  • 5 Price tenders including pricing preliminaries and building-up unit rates.

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 25%
Written Assignment 1 2 3 4 5 25%
Exam (centrally scheduled) 1 2 3 4 5 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

FERRY AND BRANDON’S COST PLANNING OF BUILDINGS

Author
RICHARD KIRKHAM
Edition
8TH ED
Publisher
Oxford, UK ; Malden, MA : Blackwell, c2007

THE QUANTITY SURVEYOR'S HANDBOOK

Author
NEW ZEALAND INSTITUTE OF QUANTITY SURVEYORS
Edition
4TH ED. (WITH AMENDMENTS TO JANUARY 2005)
Publisher
Wellington : New Zealand Institute of Quantity Surveyors, 2005, 1993

RAWLINSON'S NEW ZEALAND CONSTRUCTION HANDBOOK

Author
EDITED BY RAWLINSON & CO
Edition
2012 OR OLDER
Publisher
[Auckland, N.Z.] : Rawlhouse Publishing

ESTIMATING AND TENDERING FOR CONSTRUCTION WORK

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

COST STUDIES OF BUILDINGS

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

THE CHARTERED INSTITUTE OF BUILDING CODE OF ESTIMATING PRACTICE

Edition
7TH ED 2009

ESTIMATING FOR BUILDERS & SURVEYORS

Author
BUCHAN, ROSS D; FLEMING, F W E; AND GRANT, FIONA E K
Edition
2ND ED
Publisher
Oxford : Butterworth-Heinemann, 2003

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Course delivery details

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