Monday, June 15, 2015

QSB 3214 Building Economics

This subject me an overview of the Quantity Surveyor's role during the pre-tender stage of a development with practical situations of the various method of controlling the cost of buildings at the design stage. Throughout the whole semester, I am not able to introduce the relationship between building morphology, design variable and life cycle costing of a building. Other than that I also leaned how to apply information technology in the cost planning.

After 4 3 and half months of studying this subject, I am able to identify the role and responsibilities of Quantity Surveyors in the overall development process and to match the relationship between cost and design to a value outcome. I am now able to explain various methods of pre-tender estimating and outline the importance of cost studies to enhance the role of Quantity Surveyor in the development process. I am now also able to produce an estimate at pre-tender stage, cost plan based on historical data and S-curve for financial planning to a proposed project.

One of the highlight of the assignment given is that we are able to produce our own preliminary cost plan for the "client" from this assignment, we are able to learn the more accurate way to prepare a cost plan and also we are able to learn how to write a proper letter of award.

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