ENCM650-17A (C) Any Time Start 2017

Cost Engineering

15 points

Details:
Start/End Date: The start and end dates are specific to each student. For further information please contact one of the following (as appropriate):
  • For Masters theses please contact the relevant Faculty Office.
  • For Doctoral degrees (PhD) please contact the Graduate School.
  • For other types of anytime start courses (i.e. generally courses worth 60 points or less) please contact the Course Coordinator.
Withdrawal Dates
The withdrawal dates for this course (both with and without fee refund) will be confirmed once a) the course start date and b) course length is confirmed. Students are advised to consult the department for further information.

Description

Work Break-down Structure; Project Cost Scoping; Cost Databases; Pricing & Indexing; Feasibility & Conceptual Estimating; Quantity Surveying (Earthworks, Pavements, Structures); Variation Order Scoping; Contingencies; Stochastic Estimating; Industry Trends.

ANYTIME START means:  A course that starts outside the normal semester dates.  Check the timetable below for actual teaching dates.

Learning Outcomes

The aim of this unit to develop an understanding of an engineer must break down the construction cost engineering process into its component steps and reassemble it into a straightforward, logical methodology for the development of valid cost analyses of construction projects from the client’s standpoint.  The seminar will alternate between lecture/discussion periods and short, high-impact team exercises that are designed to reinforce the preceding lecture’s learning objectives.

The process starts with analysing a project’s critical cost components based on the delivery method.  The process moves on to analysis of the project’s scope and the development of a conceptual cost estimate for use in the preparation of an Invitation for Tenders or a Request for Proposals. The next step is the development of a detailed Work Breakdown Structure that provides the basis for organizing a construction cost estimate.  Next, the development of a detailed cost estimate is made to use as a tool to evaluate industry tender offers and price proposals (i.e. the Independent Engineer’s Estimate).  This estimate can also be used with change orders.  Finally, the course concludes with a block on the development of special estimates for contingencies, allowance, and accelerated project delivery.  The result is a comprehensive view of the cost engineering process as a fully integrated system rather than the conventional approach of separate but related activities.

Prerequisites

RP: BE (Hons) or equivalent

Recommended Preparation

BE (Hons) or equivalent

Timetable Note

This course is held as two 2 day blocks:

27, 28 July & 31 Aug, 1 Sept 2017

Course Coordinator

Eric Scheepbouwer

Lecturer

Douglas Gransberg

Assessment

The assessment is in two parts.

30% of the marks are for the assignments given during the course
70% of marks is for the final project

Your engineer’s estimate review presentation should be no longer than 10 minutes with 10 minutes for questions. It should cover:
• Context and organisation of the estimate.
• The approach to preparing contingency estimates.
• The analysis of where the greatest financial risk to the contractor and client will be.
• Conclusion & recommendation for the organisation.
• Marks will be also be awarded for clarity of the presentation, time keeping and engagement of the audience.

The assignment will entail the development of a tender offer for a small New Zealand construction project (bridge or road).
• The tender offer must be prepared exactly in accordance with the instructions that will be furnished in the client’s invitation to tender. Failure to do so will render it nonresponsive and incur a 20% penalty.
• The independent engineer’s estimate must include back-up documentation and calculations to justify the quantities and prices used in the tender.
• The independent engineer’s estimate will be submitted electronically using the MS Excel spreadsheet template that will be provided by the instructor.

Indicative Fees

Domestic fee $1,038.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

Minimum enrolments

This course will not be offered if fewer than 5 people apply to enrol.

For further information see Civil and Natural Resources Engineering .

All ENCM650 Occurrences

  • ENCM650-17A (C) Any Time Start 2017