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CMG2002 Cost Management: Estimating, Measurement and Cost Control

Semester 1, 2023 Online
Units : 1
School or Department : School of Surveying & Built Environment
Grading basis : Graded
Course fee schedule : /current-students/administration/fees/fee-schedules

Staffing

Course Coordinator:

Requisites

Pre-requisite: CMG1001 and ENG1100

Overview

Estimates are significant to how clients, contractors and subcontractors perceive project success. Accordingly, it is important for students to have a clear understanding of procedures and processes used in developing project estimates. These include how quantities are measured from drawings, how costs are applied to quantity of works, and how these processes lead to tender action. In addition, students will relate quantity measurement and cost estimating to how project contracts are managed.

This course introduces students to measurement processes, and to pricing of quantities, using industry standards for measuring building and civil quantities. In addition, students will be introduced to standard computer programs which are available to assist with quantity measurement and costing.

Course learning outcomes

The course objectives define the student learning outcomes for a course. 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 priced a standard bill of quantities;
  3. Explain the place of quantity measurement and estimating processes in construction cost management and control;
  4. Utilise computing software for quantity measurement, estimating and cost management.

Topics

Description Weighting(%)
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 to be purchased or accessed

Australia Institute of Quantity Surveyors (2016), Australian Standard Method of Measurement, 6th edn, Canberra.
Marsden, P 1998, Basic Building Measurement, 2nd edn, NSW 精东传媒app 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. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Assessment
Weighting (%) Course learning outcomes
Assignments Written Case 精东传媒app A1 of 2 No 30 1
Assignments Written Case 精东传媒app A2 of 2 No 40 2,3,4,5
Assignments Written Reflection (personal/clinical) No 30 3,4
Date printed 9 February 2024