Building Economic (QSB 3214)

Building Economic QSB 3214

Portfolio Semester 5

Lecturer :

Miss Dianne Kok Hui Wen

Mr Ho June Khai

Objectives :

     This subject enable me to study and explore an awareness of the nature, content and significance of cost control, cost planning and understand the roles of project teams towards fulfilling client’s requirements.

  Besides that it provides me a chance to study and explore awareness of the effect of design variables in obtaining an economical design and to appreciate the role of the quantity surveyor in pre and post contract stage.

Learning Outcome :

   Throughout the process of learning of course of Building Economics, I would be able to evaluate the role and responsibilities of Quantity Surveyors in the overall development process, match the relationship between cost and design to a value outcome, illustrate various method of pre-tender estimating, enhance the role of Quantity Surveyor by outlining the importance of cost studies in the development process and carry out Elemental Cost Analysis to estimate building cost. I also learn how to prepare an estimate at pre-tender stage to a proposed project, cost plan based on historical data and S-curve for financial planning.

    From this subject, I could learnt more topics that expose me to quantity surveying's field which are concept of cost control, cost modelling, design economics, cost analysis and cost data, cost indices, detailed cost planning, investment development appraisal and whole life cost. 

Course work : Group and individual assignments (30%)

      Course work 2 comprises of a group assignment and individual assignment which contributed a total mark of 30% of the overall assessment and students need to submit it on the week 12. This group assignment was designed for 6 students per group and the students were required to update and revise the required cost plan based on the information given in the assignment brief. This group assignment expose the students to the actual field and student will gain some basic knowledge on the role and duties of a quantity surveyor in the actual field. While for the individual part students will be able to understand the relevant topics more than before they did the project. Analysis and research skills can then be instil in the students. Students would learn the proper way to give advice to their client in the future. Moreover, students would came to know that being a quantity surveyor does not only do measurement but also advice client on other issues.

Figure: Questions for group and individual assignment

Figure: Sample answers for group assignment