Module title: Building Economics 2

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV09107
Module leader: Andrew Smith
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

Module code: BSV08104
Module title: Building Economics 1
Examples of equivalent learning: Building Economics to a level equivalent to SCQF level 8

2018/9, 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: Andrew Smith
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods including their alignment to Los
A module guide is issued in week one that outlines the topics and core references. A 3-hour lecture/seminar is delivered with supporting learning material. Scope is built in for questions / issue prompts for student response allowing for discussion. Each lecture is also supported by tutorial / seminar session. The student input ranges from individual exercise to group tasks with defined output and expectation of presenting to tutor or peers. Use of www to investigate case material is incorporated. Two specialist lectures are included in the programme. The module is delivered to a combined FT and PT cohort, which allows for a sharing of experiential learning.

Embedding of employability/ PDP/ scholarship skills
The key skills developed partially align with the RICS Quantity Surveying and Construction Pathway Competency: Project Financial Control and Reporting (T067)

The key skills developed are:

Providing reasoned advice on the financial planning of construction projects (eg a client/developer might
have a particular way of funding a project, either fully financed or generating finance from sales in phase
one to finance later phases. This would give rise to very different strategies affecting both the timing and the cost of a project).

Apply your knowledge to the management of project costs.

This should include the preparation and presentation of financial reports on the performance of a project at
appropriate intervals, to provide effective forecasting of costs, risks and their financial implications.

Examples of activities and knowledge comprised within this level are:

- Managing project costs during the construction phase
- Reporting and forecasting costs for different procurement routes and client types
- Using cashflows in financial management
- Advise on strategies and procedures to control predicted expenditure in line with a budget.

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 24
Other Work based learning 36
Independent Learning Guided independent study 116
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Portfolio 100 1-6 14/15 HOURS= 36, WORDS= 0
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Description of module content:

Company accounts and annual reports, interpretation and appraisal. Aspects of applied economics in the construction industry and government policy. Europe and UK regions. Taxation and construction. Construction finance objectives and strategic planning. The cost of company capital. Private finance initiative. Performance bonds, guarantees and contract financial guarantees.

Learning Outcomes for module:

On completion of this module you will be able to:
LO1 demonstrate knowledge and understanding of the principles and practices underlying sound economic development policies in the context of European, national, regional and local issues including inward investment strategies and their impact on development and infrastructure provision;
LO2. demonstrate knowledge and understanding of the role and importance of finance in construction and development projects, including the range of forms of funding structures and their sources and importance of capital circuits;
LO3. assess financial performance of example construction and development companies from published annual reports, interpret company annual reports, accounts and balance sheets;
LO4. demonstrate knowledge, understanding and application of the relevant provisions for capital taxation and allowances on construction projects and development;
LO5. evaluate options for project guarantee / performance bonds and contract financial incentives.

Indicative References and Reading List - URL:
BSV09107