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Clients, contractors, and subcontractors need a thorough understanding on how to estimate the cost of a given project when commissioning projects and also when tendering for projects. Additionally, they should be able to plan, manage and control the cost throughout the project lifecycle. Accordingly, it is important that clear understanding of procedures and processes used is developed including an understanding on how costs could be planned and controlled to meet the budgetary provisions of the client and to meet profit margins for the contractor.

This course introduces students to cost management topics including cost planning and controlling. Measurement processes for the pricing of quantities using standard building and civil measurement will be investigated and students will be introduced to standard computer programs which are available to assist with estimation and cost management.