Building Economics 4

Evaluate cost estimates. Understand alternative Building Procurement Systems. Understand Public Sector Contracts. Process construction claims. Monitor contract costs and value. Demonstrate an understanding of rate build ups.

1. Understand and appreciate the alternative Building Procurement Systems in use together with knowledge of the advantages and short comings of these systems over the traditional System.

2. Understand and have a working knowledge of contracts for Public Sector Contracts.

3. Develop the ability to identify, monitor, record and claim where events in the construction process interfere with the proper execution of the project.

4. Monitor contract costs and value, prepare cost/value reports and rate build ups

5. Prepare Cost Estimates and prepare Dayworks sheets. Demonstrate an understanding of VAT.