BLCN14040 - Construction Estimating

General Information

Unit Synopsis

Students will learn about the history of the building and construction industry, the importance of the preparation of accurate cost estimates, the basic cost components that are an integral part of all projects and the development of cost estimates for projects at different stages of their life cycle, including feasibility studies, procurement, retrofitting and "change of use". Students will demonstrate the ability to apply the above knowledge to the preparation of cost estimates for competitive tenders, tendering strategies, the actions to be taken (with both successful and unsuccessful tenders) following the close of tenders, and the ongoing development of tendering data into cost monitoring systems.

Details

Level Undergraduate
Unit Level 4
Credit Points 6
Student Contribution Band SCA Band 2
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites BLCN13034 Construction Economics 2

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2025

There are no availabilities for this unit on or after Term 1 - 2025

Attendance Requirements

All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 30%
2. Written Assessment 30%
3. Examination 40%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University's Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2014 : The overall satisfaction for students in the last offering of this course was 40.00% (`Agree` and `Strongly Agree` responses), based on a 45.45% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Moodle
Feedback
The calculation process should be explained via some examples
Recommendation
Real life examples will be used in future offering.
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain the general history of the construction industry.
  2. Argue the importance of construction cost estimates in conventional building practice.
  3. Develop conceptual components of all construction estimates.
  4. Evaluate typical building life cycles and the application of different types of building cost estimates at different times in the cycle.
  5. Assess activities involved in the preparation of a detailed building estimate and its development into a building tender.
  6. Appraise tendering strategies.
  7. Formulate actions to be taken immediately following the close of tenders.
  8. Organise actions to be taken with successful and unsuccessful tenders.
  9. Judge the relationship(s) between project outcomes and tenders and how the outcomes can be incorporated into a contractor's intellectual capital.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Written Assessment
3 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6 7 8 9
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10
1 - Written Assessment
3 - Examination
2 - Written Assessment