Cost Planning and Estimation

BPM307 Cost Planning and Estimation

Tutor-Marked Assignment One

July 2021

BPM307 TMA01 - Tutor-Marked Assignment

SINGAPORE UNIVERSITY OF SOCIAL SCIENCES (SUSS) Page 2 of 4

TUTOR-MARKED ASSIGNMENT ONE (TMA01) This assignment is worth 10% of the final mark for BPM307 Cost Planning and Estimation. The cut-off date for this assignment is 11 October 2021, 2355 hrs. Note to Students: You are to include the following particulars in your submission: Course Code, Title of the TMA, SUSS PI No., Your Name, and Submission Date. Question 1 Your firm has tendered for the consultancy services for a new project and you have received a notice to attend the tender interview. You are required to prepare the submission write-up as part of the bid proposal. The write up should: (a) Indicate your firm’s cost management strategy with details and the importance of cost

planning in the design stage. (15 marks)

(b) Discuss the methodology approaches for the cost estimation throughout the design

development stage and up to tender. (15 marks)

Question 2 As a consultant Quantity Surveyor, appraise the impact of the COVID-19 pandemic on the construction cost and provide advice to your client on the management of the cost from brief till tender stage.

(20 marks)

BPM307 TMA01 - Tutor-Marked Assignment

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Question 3

(a) Your firm is awarded with a new project similar to an earlier project that your firm completed few years ago. You are required to prepare the elemental cost plan for the upcoming meeting with the client.

New Project B Proposed Gross Floor Area (GFA) is 18,000 m2 Design brief: • Structural system - Steel structural system with composite slab. This proposed

structural system is approximately 30% more expensive than precast Reinforced Concrete (RC) structural system.

• Mechanical & Electrical (M&E) systems - Prefabricated Mechanical, Electrical

and Plumbing (MEP) systems which is estimated to cost 20% more than the conventional M&E system cost c/o Air Conditioning & Mechanical Ventilation (ACMV), Sanitary & Plumbing, Fire Protection and Electrical system.

• Current Tender Price Index (TPI) = 106.5 Past Project Cost Reference: Table Q3 shows the elemental cost breakdown for Project A which was completed in 2018. The GFA was 14,700 m2. Tender Price Index (TPI) in 2018 was 98.7.

No Elements Specifications Elemental Qty Elemental Cost

m2 $ 1 Substructure Bored pile with pilecaps 4,000 $ 3,675,000.00 2 Frame Precast RC frame

structure 14,700 $ 1,533,651.00

3 Upper Floors Precast hollow core slab 8,000 $ 1,491,168.00 4 Roof Cast in-situ RC slab with

waterproofing system 3,000 $ 1,609,650.00

5 Stairs Precast RC flight and cast in-situ staircase corewall

14,700 $ 739,263.00

6 External Walls Lightweight concrete block wall with spray- textured external paint finish.

20,000 $ 1,202,901.00

7 Windows & Doors 14,700 $ 690,900.00 8 Internal Walls &

Partitions 14,700 $ 856,716.00

9 Wall Finishes Plaster and paint 30,000 $ 1,022,392.00 10 Floor Finishes Ceramic floor tiles 14,700 $ 1,398,558.00 11 Ceiling Finishes Suspended ceiling with

paint finish 14,700 $ 595,857.00

BPM307 TMA01 - Tutor-Marked Assignment

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No Elements Specifications Elemental Qty Elemental Cost

12 Fittings, Fixtures and Furniture

14,700 $ 1,550,850.00

13 Sanitary Appliances 14,700 $ 147,000.00 14 Air-conditioning and

Mechanical Ventilation systems

Chilled water system 14,700 $ 4,704,000.00

15 Sanitary & Plumbing system

14,700 $ 1,470,000.00

16 Fire protection system 14,700 $ 2,205,000.00 17 Electrical Services 14,700 $ 2,940,000.00 18 Lifts 14,700 $ 882,000.00 19 Signage 14,700 $ 147,000.00 20 External Works 4,000 $ 1,176,000.00 Construction Cost

(excluding site preliminaries)

$ 30,037,906.00

Table Q3: Elemental Cost Breakdown for Project A

Your cost plan for the proposed project should be presented in elemental cost plan format with the following information:

(i) The total construction cost assuming 10% of the estimated construction cost be

allowed for contractor’s site preliminaries; (18 marks)

(ii) The elemental cost breakdown and elemental rates;

(18 marks)

(iii) The estimated unit rate for the Total Construction Cost excluding contingency sum.

(2 marks)

(iv) List the exclusions and qualifications in your cost plan. (5 marks)

Note: TPI adjustment to be rounded to 3 decimals and all cost and unit rates to be rounded to 2 decimals.

(b) Briefly explain to your client how elemental cost plan facilitates cost planning and cost

control. (7 marks)

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