Module title: Building Economics 1

SCQF level: 08:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV08104
Module leader: Mike Thomson
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

There are no pre-requisites for this module to be added

2019/0, Trimester 1, FACE-TO-FACE, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: FACE-TO-FACE
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Mike Thomson
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods including their alignment to LOs
There will normally be a lecture/seminar up to 2 hours with a linked 1-hour tutorial/seminar period. The tutorial will reflect the material presented at the lecture. The purpose of the lecture is to introduce or develop a topic and for you to consider any associated issues. Tutorials allow you to explore aspects of the topic in greater depth, and provide you with the opportunity to apply your understanding and interpretation to resolve example case study material. You will normally work in groups. You will be given the opportunity to develop the cognitive skills necessary to competently use the industry standard software BCIS Online. You are encouraged to read outside the teaching units and will have weekly directed reading.

Embedding of employability/ PDP/ scholarship skills
The key skills developed partially align with the RICS Quantity Surveying and Construction Pathway Competency: Design Economics and Cost Planning (T022)

Examples of likely knowledge, skills and experience are:

- Demonstrate knowledge and understanding of the main factors that affect design economics over the
whole life of a building.

- Demonstrate knowledge and understanding of how cost planning assists in the financial control of
projects during the design development stage.

Examples of knowledge comprised within this level are:

- The main factors that affect design economics over the whole life of the building including capital and life
cycle costs

- How cost planning assists in the financial control of projects during the design development stage

- The various stages of cost planning

- Sources of cost data

- Adjustments that may be required for factors including location, specification, time and market forces.

Real World Challenge: Upon successful completion of the module, you will have
developed an Elemental Cost
Estimate for a new-build project in the
centre of Edinburgh.



Formative Assessment:
This module is assessed by one
component - a professional report
comprising an elemental cost estimate for
a proposed new-build project (LO2-4). The
report will include the elemental cost
broken down into standard BSIC building
elements along with a breakdown of
professional fees and other associated
costs. (LO1)

Summative Assessment:
This module is assessed by one
component - a professional report
comprising an elemental cost estimate for
a proposed new-build project (LO2-4). The
report will include the elemental cost
broken down into standard BCIS building
elements along with a breakdown of
professional fees and other associated
costs. (LO1)

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 12
Independent Learning Guided independent study 164
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 100 1,2,3,4 12 , WORDS= 1500
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Description of module content:

Introduction to Building Economics; Introduction to Design Team Cost Planning and Control; Approximate estimating techniques; cost research; Design economics; Cost Planning Data and Indices; Constructing a Cost Estimate; Controlling Project Costs During The Contract Period

Learning Outcomes for module:

On completion of this module you will be able to:
LO1: explain the background and purpose of Cost Planning and Cost Control;
LO2: apply appropriate techniques to estimate for a client the probable tender price for example new and refurbishment projects;
LO3: demonstrate an understanding of how design factors, local circumstances and economic conditions can influence project cost control;
LO4: manipulate building price and cost indices and appropriate historical cost data to prepare a project Cost Estimate using BCIS.

Indicative References and Reading List - URL:
BSV08104 Building Economics 1