Study Guide

Objectives

The student knows how to choose an up-to-date quantity measurement guide used in infrastructure construction and can read and apply the guide when making quantity calculations.
The student knows how to create a cost estimate based on a ready list of quantities when using some software in the field.
The student knows how to prepare a resource-based cost estimate and can calculate the cost estimate for different work phases based on capacity and price data.
The student can list what kinds of risks can be associated with projects.
After completing the course, the student has the skills for cost accounting tasks related to the finances of a construction project in a construction and builder organization, and an understanding of costs
formation in the different stages of the project.

Content

Cost management at different stages of the project.
Costing methods at different stages of a construction project.
Infra building component and project nomenclatures and volume measurement instructions.
Calculation of quantities and sizing of equipment.
Costing.
Preparation of quotation, unit prices and installment table.
Risks (at conceptual level).
Cost monitoring during production.

Prerequisites

5R00GQ49 Basics of Building Economics and 5R00GQ84 Earth Construction or equivalent knowledge

Assessment criteria, satisfactory (1-2)

The Student can read quantity measurement instructions used in infrastructure construction and calculate the number of work steps used in infrastructure construction.
The Student can make a cost estimate with the help of a completed quantity list and the given unit prices.
The student knows how to calculate cost estimates on a resource basis.

Assessment criteria, good (3-4)

The Student is able to calculate the number of key steps used in infrastructure construction using the quantity measurement procedure used in infrastructure construction.
He/ She can make a cost estimate with a completed quantity list and given unit prices, and can categorize non-site costs at unit prices.
He/ She is able to calculate cost estimates based on resource-based input data and capacities for key infrastructure work phases.
The Student can determine what are the pros and cons of different types of contract in different cases.
He/ She can identify the main risks of a simple infrastructure construction project.

Assessment criteria, excellent (5)

In addition, the student has a comprehensive understanding of the course topics and their use in problem solving as well as the ability to present, analyze and reason logically solutions.