Building Economics

Lecturer: Dianne Kok Hui Wei

This module allows us to apply various cost control methods in practical situations. Moreover, we are also 
exposed to calculation of the whole life cycle cost as well as cost planning.

​The module's assessment consists of a mid-term test, a group assignment and a final exam. 

Mid term test (20marks)

Assignment- BE workshop (30marks)

-We will randomly formed in a 10 people group for this assignment
-We will split into the roles below:
a. One Development Management person
b. One Construction Management person
c. One QS Manager person
d. One Leasing Manager (knowledge on how office market works)
e. One Markets Specialist (this person is to know on the rental markets of the development)
f. One Architect
g. One M&S
h. One C&S
i. One FM manager
-we will need to  expected to be experts of their role, but at least read up on the general market conditions, rentals, rules of thumbs for Architecture , C&S and M&E designs, understanding costing etc
-we need to  read up on design decisions for Architecture, Engineering and Costing so that the discussion can be a lively discussion.
-The University Professors, myself and invited guests shall play the roles of Developers going through the cost calculations and will ask on the design viability based on capital cost and their assumption of the income that is generated based on rental and the period of payback.

TAYLOR'S GRADUATE CAPABILITIES ( TGC VALUES )

​Since this is a group assignment, communication skills and cooperation between the members is  definitely essential whereby we have liaise with each other as all of the parts are correlated with  each other. It also requires us to use ICT and related technologies effectively. This is because we have to search rates and relevant items that are required through internet as not only items can be retrieved from the SPON's and ARCHADIS Cost Handbook. In this assignment, we were required to put theories that we have learnt during the lectures and  tutorials into practice as we are required to prepare a cost plan where only theories are being  taught to us. ​In this module, it allows us to develop and reinforce our thinking and problem solving skills by  thinking critically in order for us to accomplish the task. For instance, we were required to assume some of the undefined informations based on the Conditions of Tendering provided by the client.