Cost Management

Electronic Submission of Work

Students should also be aware that it is their responsibility to ensure that work submitted in electronic format can be opened on a faculty computer and to check that any electronic submissions have been successfully uploaded. If it cannot be opened, it will not be marked. Any required file formats will be specified in the assignment brief and failure to comply with these submission requirements will result in work not being marked.

Students must retain a copy of all electronic work they have submitted and resubmit if requested.

Learning Outcomes to be Assessed:

· Compare the relationship between cost, shape and size of projects and sites specifics and be able to advise and guide other members of the design team appropriately, in the framework of the existing UK economy

· Assess the impact and implications on early cost advice due to changes of varies attributes such as location and time for tendering

Assessment Details:

Deliverable 2 (contributes to 50% of the overall assessment)

1) Knowledge of elemental cost estimating (20%) 2) Assessment approach to costing exercise (30%) 3) Accuracy and explanation of assessment (40%) 4) Overall presentation, Assumptions, report writing and Referencing

(10%)

---------------------- Total: 100 %

Background

The two tasks for Deliverable 2 is a continuation of the tasks described in Deliverable One. You are required to estimate building costs by rebasing the time and location difference and assess the cost implication due to increase in storey height of the houses and grouping of houses.

Task 1 The proposed residence development as described in Deliverable 1 is assumed to be located in given location and the estimate you previously produced for Deliverable 1 to be based on the 1st Quarter of 2017. Your client is planning to pursue a similar dwelling development in a different city. You should assume the location of the new development for this task to be situated in one of the following locations with reference to the last digit of your student number:

Table 1- Location of the project details.

Last digit of student No

Location of the project

Qatar

0,4,8 Al Rayyan 1,5,9 Madinat ash Shamal 2,6 Al Wakrah 3,7 Al Khor

Ex - 17134301 Location - Madinat ash Shamal

You should assume the location of the new development for this task to be situated in one of the following locations with reference to the before the last digit of your student number:

Table 2- Details for period for the project to be awarded.

The number before the last digit of student No

Assumed period for the project to be awarded

0,4,8 3rd quarter of 2017

1,5,9 4th quarter of 2017

2,6 1st quarter of 2018

3,7 2nd quarter of 2018

Ex - 17134301 has to estimate for, Period - 3rd quarter of 2017 The site area of the new development is 9000m². In the preliminary plan, the client wants to make use of the building design of the residence houses to save the time and cost for design. The client, however, wants to change the storey height of the development from 2.8m to 3.5m. Using the given time and location factors (Appendix - 01) estimate produced for Deliverable 1, prepare a cost plan for the new development. Task 2 Following from Task 1, the client now realises that affordability could be an issue for the new development. A study shows that the market for relatively compact houses is stronger. Responding to the market needs, the client is thinking to develop smaller semi-residence houses instead of the residence houses in the original plan. The client wants you to advise on the cost implication of reducing the house unit size and increase the number of houses to 24 units. Assume that the overall GIA of the whole development remains unchanged and make any necessary further assumptions, evaluate the cost implication of the revised scheme.

Assessment Criteria

1. Knowledge of elemental cost

estimate

2. Assessment approach to

costing exercise

3. Accuracy and explanation of assessment

4. Presentation

Weighting: 20% 30% 40% 10%

Grading Criteria

0 – 29%

Fail to demonstrate

even a superficial

understanding of

the use of cost

data and cost

implications of

design attributes.

Fail to make use of a proper approach to evaluate cost

An unexplained

presentation or missing

of a cost estimate, and

no justifications of the

cost implications.

Inappropriate or

oversimplified evaluation

methods are used. A lot

of significant calculation

errors are found.

A poor presentation

that is very difficult to

read, no references

are made,

calculations are

impossible to be

traced.

30 – 39% Demonstrate a superficial understanding of the use of cost data and cost implications of design attributes. No consideration of model assumptions is made.

Lack a methodological approach to analyse and draw conclusions for the costing exercise.

A very weak explanation of how and why the cost estimate is arrived at, and lack of justifications of the cost implications. Major errors in the analysis showing a lack of skill. A few significant calculation errors are found.

A presentation that is difficult to follow. A lot of grammatical or typo errors are found suggesting the report has not been proof- read, references used are generally not cited or referenced, a lot of calculations and build- ups are not provided.

40 – 49% Demonstrate a superficial understanding of the use of cost data and cost implications of design attributes. Cost model assumptions are somewhat considered but some essential considerations are missed out.

Present an ill defined logical approach to analyse and draw conclusions for the costing exercise.

A weak explanation of how and why the cost estimate is arrived at, and lack of justifications of the cost implications. Appropriate evaluation methods are used but major errors are found. A lot of minor calculation errors are found.

A presentation that lacks a consistent style. Some obvious grammatical or typo errors are found suggesting the report has not been proof- read, A lot of references used are not cited or referenced, a lot of calculations and build- ups are difficult to follow.

50 – 59% Demonstrate a clear understanding of the use of cost data and cost implications of design attributes. Some relevant assumptions are stated although a few essential considerations are not taken into account fully.

Allude to a methodological treatment to analyse and draw conclusions for the costing exercise.

An explanation of how and why the cost estimate is arrived at, and somewhat justifications of the cost implications based on some calculations. Appropriate evaluation methods are used but minor errors are found. A few minor calculation errors are found.

A presentation which

has a consistent style

but the report format is

not followed strictly,

some minor

grammatical or typo

errors are found,

References used are

cited in general but

some used materials

are not referenced,

some calculations and

build-ups are difficult to

follow.

Submission Details:

Work should be submitted electronically via Moodle upload. You are required to submit one file in Word of PDF vector format containing your answer for each of the tasks in the format of a cost report and one file in Excel format containing the calculations and working of your answer. The

maximum file size for each of file is 10MB. The prices must be indexed and adjusted to the current date and location. If indices are not available in your country, adjustment is then carried out based on discretion and argument.

60 – 69% Demonstrate a clear understanding of the use of cost data and cost implications of design attributes, and supported by evidence of some reasonable considerations in assumption setting.

Describe a practical approach for analysis and drawing conclusions, arguments in general are support with evidence for the costing exercise.

An explanation of how

and why the cost

estimate is at and what

assumptions are carried

and some justifications

of the cost implications

based on the

calculations that apply

evaluation methods

suitably. Generally,

there is no major

calculation error found

that affects the

conclusions.

A presentation, which is clear and easy to follow. No major grammatical and typo errors, report format is observed, References used are cited in general, calculations and build- ups are by and large traceable.

70 – 79% Demonstrate a clear understanding of the use of cost data and cost implications of design attributes, and supported by evidence of some reasonable considerations in assumption setting. Data are sourced appropriately and arguments for the use of them are explained clearly.

Describe a practical approach for analysis and drawing conclusions, arguments in general are support with evidence for the costing exercise.

An articulated explanation of how and why the cost estimate is arrived at and what assumptions are carried and convincing justifications of the cost implications based on the calculations that apply evaluation methods correctly. No calculation error is found.

A good presentation

which is easy to read, free of grammatical and typo errors, and in a cost report format, references used are clearly cited and listed, calculations and build- ups are fully traceable.

80 – 100% Demonstrate a clear understanding of the use of cost data and cost implications of design attributes, and will be supported by evidence of both deep and wide ranging consideration in setting assumptions.

Data are sourced appropriately and arguments for the use of them are all explained clearly with strong justifications.

Describe a rigorous approach with scientific methodology for analysis and conclusions for the costing exercise.

A clearly articulated explanation of how and why the cost estimate is arrived and convincing justifications of the cost implications based on the calculations that apply appropriate evaluation methods precisely. No calculation error is found.

A polished presentation, which is stylish references used, are cited and listed strictly following a particular referencing system, cost report format is professionally presented, calculations and build-ups are traceable.

Checklist Assumptions Inclusions Exclusion Element units

Application of NRM1 and other relevant rules

Arithmetic errors Dimensions Calculation Use of diagrams and tables Arguments for cost differences

Spelling Grammar Punctuation Paragraphs Titled diagrams Referencing Bibliography Page breaks

If you submit an assessment late at the first attempt then you will be subject to one of the following penalties:

· If the submission is made up to two hours following the deadline, the mark

that you achieve will be deducted by 10%. If this deduction takes you below the pass threshold then you will be capped at that threshold, ie 40%; (*For example: work awarded a mark of 60% would become 54%)

· If the submission is made between two hours and up to 5 days following the deadline, your mark will be capped at the pass threshold;

· If the submission is made after 5 days following the deadline, your work will be deemed as a fail and returned to you unmarked.

If you submit a reassessment late then it will be deemed as a fail and returned to you unmarked.

Workload: This is primarily a cost report with a significant part of the works coming from calculations. The report has a word count limit of 1200 words not including any reference list, appendices, figures and tables. Typically students are expected to take up to 27 hours to complete this assignment.

Feedback:

Your submission will be marked against the assessment criteria described above. You shall expect to receive a mark sheet showing your achievement for each criterion and an overall feedback of your submission in the format of written feedback or recorded audio feedback that highlights your strengths and weaknesses, and areas for potential improvement.

Marks and Feedback on your work will normally be provided within 20 working days of its submission deadline.

Revised 17/05/2017

Appendix - 01

Location Factor - Qatar

Doha 115 Al Rayyan 107 Madinat ash Shamal 108 Al Wakrah 99 Al Khor 98

Time Factor

Year Quarter 1st 2nd 3rd 4th

2015 1732 1761 1777 1775 2016 1775 1776 1783 1790 2017 1797 1804 1811* 1818* 2018 1825* 1832* 1839* 1846* 2019 1853* 1860* 1867* 1874*

1234* - index is proposed for cost estimating