Subject Code & Title :- SRQ762 Cost Planning
Assessment Type :- Assignment
PURPOSE OF ASSIGNMENT 1
The purpose of this assignment is to enable students to analyse the influence of design decision making on a given project.
SRQ762 Cost Planning Assignment
ASSIGNMENT TASK
Context
You are the cost planner of a proposed “three-star serviced apartments” project to be constructed in Perth CBD. The project is still at the briefing stage and some major decisions have to be made in the coming weeks.
There are THREE Schemes being considered. You have been given the responsibility to make sure that the design team is aware of the total costs of the three alternatives being considered for this new project.
The client is cost conscious but is prepared to invest more capital costs into the building if it shows a longer term saving or better value.
Notes on Design
The three schemes have the same gross floor area
All dimensions are external measurements and are in millimetres
Drawings are not to scale
Questions
1.Which of the cost planning stages (stage A, B, C or D) is the most important stage in the whole construction process of the project? Support your view with arguments and try to use some examples to support your discussion
2.Prepare indicative costs for the three schemes taking into account the preliminary information provided above. Provide this as part of a report to the client and your report should include a covering letter, introduction and concluding recommendations, with reasons and rationale for the most cost effective scheme
3. Discuss and analyse the critical factors that could influence the cost advice you are going to provide to the client of the above project
Scheme A
- 6 storey three-star serviced apartments
Scheme B
6 storey three-star serviced apartments
Scheme C
6 storey “three-star serviced apartments”
Further Information :-
Use the superficial method of estimating to calculate the cost of the proposals. Select an appropriate rate per square metre for each of the schemes. The rate must take into account the information that you already have or can assume at this early stage. Use a local source for this information which may be your own office data, data from a published source such as Rawlinson’s Australian Construction Hand book AIQS Building Economist Cordell’s Building Price Book or from a similar project. Cite these sources and state any assumptions made in your submission.
SRQ762 Cost Planning Assignment
The indicative cost must also include for the following:
Updating of source costs to present date (August 2021)
Allowance for escalation to tender award date of December 2021
Allowance for escalation to completion date of December 2022
External works and services
Contingencies
Professional fees
Any other costs appropriate for this type of building in this location
Exclusion items that are excluded from the cost estimate.
PURPOSE OF ASSIGNMENT 2
The purpose of this assignment is to enable students to achieve the learning outcomes of this unit as stated in the unit guide and to assess the students’ performance in the following areas:
Analyse the influence of design decision making on construction costs.
Prepare elemental cost plan
Apply cost management planning techniques to projects to develop balanced economic decision making.
ASSIGNMENT TASK
Context
You have been appointed as the cost planner for the owner of a proposed unit development project to be constructed in Perth (please see the attached drawings). The project has progressed from Briefing (Stage A) into Outline Proposals Stage B and then into Sketch Design Stage C and your client wishes to gain an under standing of the over all cost of the project to confirm funding. In order to ascertain this they are relying on your expert accurate cost advice.
As the cost planner of the above proposed project, your group is required to carry out the following tasks.
SRQ762 Cost Planning Assignment
Tasks :-
1. You are required to provide a Stage C Cost Plan (Elemental Cost Plan at Sketch Design) for the above project to assist the client. As only sketch design information is available certain assumptions will need to be made within the cost plan in regards to structure finishes and fittings. Prepare the cost plan report by breaking down the building into Australian Cost Management Manual (ACMM) elemental codes
2. Identify any potential cost savings in regards to material selection etc. that may be highlighted in your report to the client in task 1 in case of undesirable tender result
Additional Instructions :-
The project will be commencing on site in 9 months from the date of your Stage C cost plan from June 2022).
Be sure to offer your cost saving suggestions with in the report based upon your theoretical practical and professional experience and make the suggestions project relevant. Support your suggestions by providing the cost calculations.
The client is keen about improving the sustainable features of this project. Therefore you are required to make sensible assumptions in your item descriptions in regards to structure, materials selection (ie, floor finishes wall finishes services provided (i.e fittings and type of mechanical services etc.) and other sustainable features.
You need to refer to pricing books such as Rawlinson’s Australian Construction Handbook Building Economist Cordell’s Building Price Book etc. for pricing information and cite them in your report. Some of these documents can be obtained from the University Library.
SRQ762 Cost Planning Assignment
State any assumptions made in your submission.
The cost plan report must also include for the following:
- Updating of source costs to present date (September 2021)
- Allowance for escalation to tender award date of June 2022
- Allowance for escalation to completion date of April 2023
- External works and services
- Contingencies
- Professional fees
- Any other costs appropriate for this type of building in this location
- What you have omitted from the cost plan for whatever reason (Exclusions)
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