Building Economics 2

This Module will focus on the Main Contractor, in regard to all the various aspects that contribute to both cost control and profitability of projects from the initial tender bid to handover. 

Preparation of the Tender bid. Monitoring and control of site costs. The role of domestic and nominated subcontractors, the importance of cash flow and the approach to the preparation of Interim and Final Accounts. Site record keeping and the various remedies available under the building contract in the event of a dispute occurring. Introduction and Overview of both the R.I.A.I. and PWC forms of contract.

1. Explain how a Main Contractor would prepare a Tender bid (from receipt of the tender documents)

2. Distinguish between the pre- and post-contract phases of a typical construction project and all associated Certification (R.I.A.I. form of contract and relevant clauses)

3. Summarise a systematic and thorough approach to monitoring and controlling site costs.

4. Build up unit rates for labour and various completed items of work

5. Build up unit rates for plant

6. Summarise the role and responsibilities associated with nominated subcontractors and suppliers (R.I.A.I. form of contract and relevant clauses)

7. Explain how to record Variations on a typical construction project and appreciate how they may contribute to programme over run (R.I.A.I. form of contract and relevant clauses)

8. Describe the preparation and submission of both interim and final accounts (R.I.A.I. form of contract and relevant clauses)

9. Compare the various legal remedies available under a contract in the event of disputes arising between the parties (R.I.A.I. form of contract and relevant clauses)