Unit No

ASSESSMENT COVER SHEET

ProgramBSc (Hons) Quantity Surveying & Construction ManagementSHU BATCH -

Module Number26-6017-00SModule TitleCost Studies

Assessment

Assignment TitlePre contract cost planning and pre contract cost controlling

LecturerN.T.K. Lokuliyana

Student NameStudent Number

Date Handed OverDue Date

Date SubmittedPass/ Re-SubmissionDate DueDate Submitted

Assessors Feedback

Final Grade

Assessors Name

Assessors SignatureDate Assessed :

Student Signature & Comments

This assignment constitutes 40% of the units total assessment.

BRIEFCost planning, as part of a cost management framework is a total system that requires commitment from inception to the completion of a project. Cost planning implies a framework of procedures and demands a commitment from the design team to work closely with the cost planner to achieve the projects cost and other time and quality objectives. Cost management is a project and design team responsibility focused on delivering to the client the best value for money.

The theory of cost planning forms part of the wider concept of the cost control of a building project. It is more meaningful and convenient to discuss, Cost planning activities, practices and techniques undertaken during the pre-tender design stages, in relation to the RIBA Plan of Work (2007). There are eight pre-tender work stages (A to H):

A. Appraisal B. Design Brief C. Concept D. Design Development E. Technical Design F. Production Information G. Tender Documentation and H. Tender Action.

However the term cost controlling embracing all methods of controlling the cost of a building from the inception stage through to the completion and preparation of the final account, handover and into occupation of the building through life cycle costing and facilities management. Cost control is relevant at all these stages in the development and use of buildings

Value management operates within an organized schedule of procedures. This enables the functional requirements and alternative solutions, with their associated costs, to be identified and developed to a strict timetable. Value management is often undertaken in the form of an intensive workshop conducted by an independent team of experienced design team professionals acting in a consultative capacity to the client. On the completion of the workshop, they produce a comprehensive report, with recommendations, for review and assessment by the client and his project design team. This procedure does not adversely affect the project design teams responsibilities to the client. The value management team, operating in a complementary role, acts as a positive catalyst for savings and improved efficiency.TASKS

Student is expected to write a report in order to; Explain the term pre-contract cost planning and cost controlling Explain the pre-contract cost planning and cost controlling process with respect to the RIBA work plan (2007) Explain the term Life Cycle Costing explain the feasibility appraisal of the building Explain the cost modelling techniques in cost planning Explain the term Value Management Explain the reasons for unnecessary costs Explain the process and techniques used in value management List the Advantages and Disadvantages of Value ManagementThe report should reflect following Key points Purpose of pre contract cost planning Pre contract Cost planning activities/practices involved with relevant stages of RIBA 2007. Principles of cost planning and cost controlling Cost limit, cost targets and cost checking Budget setting techniques and budget distributing techniques cost modelling Concept of Life cycle costing and Advantages and Disadvantages Quantity surveyors role as a cost manager, in pre contract cost planning and cost controlling processBSc (Hons) Quantity Surveying And Construction Management Sheffield Hallam University

International College of Business and Technology

LEARNING OUTCOMES

. Understand and apply cost planning and life cycle techniques to complex projects Appraise the feasibility of building development Apply theory and practice to building design using value management Evaluate building design using value engineering/management and cost modelling techniques Utilise computer software to assist in cost study techniques

SUBMISSION

The analysis will take the format of a word document of 3000 words

REPORT STRUCTURE

Paper Size: A4 Word Count: 3000 words Printing Margins: LHS; RHS: 1 Inch 25 mm Binding Margin: Inch 12 mm Header and Footer: 1 Inch Printing: Single Sided Basic Font Size: 12 Line Spacing: 1.5 Font Style: Arial/Times New Roman Presentation: Bound Document Attendance : Entire group must be present

Important Information for Students

The assignment should be submitted as a SOFT COPY in a word format on CD and via Turnitin on SHUspace as well as a HARD COPY on or before the due date.

Please note that plagiarism is treated as a serious offence and therefore the work you produce must be individual and original although may work in groups in some instances (Please refer to Student Handbook on Plagiarism & Cheating).

All sources of information must be referenced using Harvard referencing where a reference listing should be included at the end of the assignment.

Please note that the submission date given for this assignment is the final date that you can hand over the assignment. No late submissions are allowed. (Please refer to the Student Handbook on Assessments - Late Submissions).

Please refer to Student Handbook on Assignments Re-submission.