CEM238-Construction Cost Engineering

Module Provider: School of Construction Management and Engineering, School of Built Environment
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded: CEM105 Emerging Economies Integrating Studies CEM106 Sustainable Heat and Power CEM107 Sustainable Design and Management Principles and Practice
Module version for: 2017/8

Module Convenor: Dr Andrew Atkinson

Email: a.r.atkinson@reading.ac.uk

Summary module description:

Aims:
Built facilities have costs of construction, maintenance, refurbishment and operation. The level of the amount of these costs determines the building's value. Meeting the costs involves significant expenditure and investment by the developer, the building owner or the occupier. To maximise the return on this investment the costs must be managed, controlled and engineered. These processes must take place at all stages of the development process; financial feasibility appraisal, design, construction procurement, construction operations, commissioning, maintenance, refurbishment and demolition.
The financial management techniques required for this are specific to construction. Financial managers in construction require cost engineering expertise, which is central to the aims and content of this module.

Assessable learning outcomes:
On completion of this module the student will:

• understand the concepts of financial cost, price and value with regard to construction and building development
• understand the micro economic operation of construction development
• have an understanding of, and facility in, the techniques of management accounting in property development and construction operation cost engineering
• be capable of analysing design alternatives and construction operations and programmes for cost effectiveness and value maximisation.
Additional outcomes
Students will be able to make informed decisions about risk apportionment, procurement methods, contract strategies and dispute resolution strategy. In addition, students will be able to explain the legislative context of contracts, and the impact that innovations and current policy development are having on construction procurement policy.

Additional outcomes:
Students will be able to make informed decisions about risk apportionment, procurement methods, contract strategies and dispute resolution strategy. In addition, students will be able to explain the legislative context of contracts, and the impact that innovations and current policy development are having on construction procurement policy.

Outline content:
• Construction engineering cost factors (Techniques for quantification, evaluation and accounting. Resources based and product based techniques.)
• Estimating and tendering (Theory and practice of various resource based techniques. Fixed and variable costs of engineering and construction. Method related charges. Programming.)
• Cost Management at inception at design stage (Cost modelling and forecasting. Cost planning of design. Cost control systems. Building morphological cost studies.)
• Life cycle costs (Time value of building and building component costs. The micro economics of building development ownership and occupation. Obsolescence and deterioration of buildings. Life cycle cost analysis and planning.)

Brief description of teaching and learning methods:
The module will be delivered by lectures, tutorial discussions and the undertaking of practical task of design cost management. Some lectures will be given by specialist experts in aspects of construction cost management.

Contact hours:
  Autumn Spring Summer
Lectures 24
Practicals classes and workshops 6
Guided independent study 70
       
Total hours by term 100.00
       
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written assignment including essay 100

Other information on summative assessment:

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:

Requirements for a pass:
A mark of 50% overall

Reassessment arrangements:
Students are required to contact the School to confirm reassessment arrangements.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 31 March 2017

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