Cost Planning and Estimation

Singapore University of Social Sciences

Cost Planning and Estimation (BPM307)

Applications Open: 01 May 2024

Applications Close: 15 June 2024

Next Available Intake: July 2024

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1391.78 View More Details on Fees

Area of Interest: Built Environment

Schemes: Alumni Continuing Education (ACE)

Funding: To be confirmed

School/Department: School of Science and Technology

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Synopsis

BPM307 Cost Planning and Estimation covers the basic principles relating to estimating of items of the work to be undertaken on projects, and tendering. Major topics are quantitative techniques in cost analysis, cost planning, approximate estimating and tendering procedures. The principles governing the pricing of items and building up rates for items of work are also covered.

Level: 3
Credit Units: 5
Presentation Pattern: EVERY JULY

Topics

Preparation of Project Budget
Building Economics and Costs Analysis
Preambles
Measurements/ Taking Off
Bills of Quantities
Principles of Pricing
Principles of Building-up Rates
Conceptual Estimating
Cash-Flow Modeling and Trending
Value and Construction Cost Analysis
Progress Payment Assessment
Change Order Estimates
Cost Planning
Estimation
Tendering Procedures

Learning Outcome

Use the basic principles of cost planning and estimation
Discuss and compare the different methods of pricing and building up rates
Demonstrate ability to conduct cost analysis and cost planning
Appraise construction value and cost
Demonstrate ability to prepare cost estimate for tender and calculate progress payment
Formulate strategies for cost planning and estimation