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BSc (Hons) Quantity Surveying and Construction Management Sheffield Hallam University

ASSESSMENT COVER SHEET Program Module Number Assessment Assignment Title Lecturer Student Name Date Handed Over Date Submitted Assessors Feedback 29.09.2013 Due Date Pass/ Re-Submission
BSc (Hons) Quantity Surveying & Construction Management

SHU SL BATCH - 05 Cost Studies

26-6017-00S 01

Module Title

Pre contract cost planning and pre contract cost controlling N.T.K. Lokuliyana Student Number 12.01.2014

Final Grade Assessors Name Assessors Signature Student Signature & Comments Date Assessed :

International College of Business and Technology

BSc (Hons) Quantity Surveying and Construction Management Sheffield Hallam University

This assignment constitutes 50% of the units total assessment.

BRIEF Cost planning, as part of a cost management framework is a total system that requires commitment from inception to the completion of a project. Cost planning implies a framework of procedures and demands a commitment from the design team to work closely with the cost planner to achieve the projects cost and other time and quality objectives. Cost management is a project and design team responsibility focused on delivering to the client the best value for money.

The theory of cost planning forms part of the wider concept of the cost control of a building project. It is more meaningful and convenient to discuss, Cost planning activities, practices and techniques undertaken during the pre-tender design stages, in relation to the RIBA Plan of Work (2007). There are eight pre-tender work stages (A to H): A. Appraisal, B. Design Brief, C. Concept, D. Design Development, E. Technical Design, F. Production Information, G. Tender Documentation,, and H. H, Tender Action. However the term cost controlling embracing all methods of controlling the cost of a building from the inception stage through to the completion and preparation of the final account, handover and into occupation of the building through life cycle costing and facilities management. Cost control is relevant at all these stages in the development and use of buildings

Value management operates within an organized schedule of procedures.

This enables the

functional requirements and alternative solutions, with their associated costs, to be identified and
International College of Business and Technology

BSc (Hons) Quantity Surveying and Construction Management Sheffield Hallam University

developed to a strict timetable. Value management is often undertaken in the form of an intensive workshop conducted by an independent team of experienced design team professionals acting in a consultative capacity to the client. project design team. On the completion of the workshop, they produce a

comprehensive report, with recommendations, for review and assessment by the client and his This procedure does not adversely affect the project design teams

responsibilities to the client. The value management team, operating in a complementary role, acts as a positive catalyst for savings and improved efficiency.

TASKS Student is expected to write a report in order to; Explain pre-contract cost planning and cost controlling process with respect to the RIBA work plan (2007) of work a client/consultant may adopt during each stage Explain the methods of preparing estimates for cost planning for different stages of RIBA work plan. Summarise the main features of these methods. Taking account of the information available, indicate the stage in the RIBA design period to which they are most suited. Explain the term Life Cycle Costing, advantages and disadvantages of life cycle costing Explain the Value Management in construction projects Summarise the objective of value management, reasons for unnecessary cost that lead to poor value, when should a value engineering study be undertaken, Value Management Strategy, techniques used in value management, Advantages and Disadvantages of Value Management

International College of Business and Technology

BSc (Hons) Quantity Surveying and Construction Management Sheffield Hallam University

LEARNING OUTCOMES

To introduce the various cost planning and controlling methods. Understand and apply cost planning and life cycle techniques to complex projects Understand the importance of Quantity Surveyors role, as a cost manager, in the life cycle of the project Appraise the feasibility of building development Apply theory and practice to building design using value management Evaluate building design using value engineering/management and cost modelling techniques

International College of Business and Technology

BSc (Hons) Quantity Surveying and Construction Management Sheffield Hallam University

SUBMISSION The analysis will take the format of a word document of 3000 words.

REPORT STRUCTURE Paper Size Word Count Printing Margins Binding Margin Header and Footer Printing Basic Font Size Line Spacing Font Style Presentation Attendance : A4 : 3000 words : LHS; RHS: 1 Inch 25 mm : Inch 12 mm : 1 Inch : Single Sided : 12 : 1.5 : Arial/Times New Roman : Bound Document Entire group must be present

Important Information for Students The assignment should be submitted as a SOFT COPY in a word format on CD and via Turnitin on SHUspace as well as a HARD COPY on or before the due date. Please note that plagiarism is treated as a serious offence and therefore the work you produce must be individual and original although may work in groups in some instances (Please refer to Student Handbook on Plagiarism & Cheating). All sources of information must be referenced using Harvard referencing where a reference listing should be included at the end of the assignment. Please note that the submission date given for this assignment is the final date that you can hand over the assignment. No late submissions are allowed. (Please refer to the Student Handbook on Assessments - Late Submissions). Please refer to Student Handbook on Assignments Re-submission.

International College of Business and Technology

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