courses

Higher Professional Diploma in Construction (City & Guilds)

UNIT 12 BUDGETARY CONTROL

Unit Summary

At the very outset of a construction project some indication of the likely costs of the project will be required. In addition, a prudent contractor will need to analyse this costs into elements, operations and work activities for cost control purposes. There are a number of techniques that are available for this purpose and these should be considered along with practical examples.

The estimating of budget prices enables clients to make suitable financial arrangements for the required work to proceed. Mechanisms should also be provided to enable the project to be constructed within the budget estimates that have been prepared.

Aims

The unit aims is to enable the candidate to understand how the budgets are determined and how these should be controlled within the project time scale.

Outcomes

On successful completion of the work the candidate will be able to:

assemble the required data form the contractor’s own organisation
understand what methods will be used to carry out the proposed work
identify the site operations for costing purposes
carry out costing exercises for some of these site operations
apply techniques such as break even analysis
understand the principles of budgets, targets and actual costs and how these relate to each other

Outcomes

On successful completion of the unit the candidate will be able to:

understand how budgets are determined
identify the different kinds of budget cost centres that occur on a construction project
understand and apply the different types of costing methods
understand and be able to prepare a break even cost analysis
correctly record the costs on site

Assessment

The outcomes of this unit will be assessed on the production of:

A word-processed report of some 1500 words. This report will include examples of budgets and contractor’s costing systems and by way of illustration a number of case studies from sites with which the candidate is familiar. The case studies should clearly identify:

- the extent of the site operation involved

any site instructions that necessitated the work or changes from that which was - -
originally planned
the estimated resources that were included in the contractor’s tender
any target outputs that might have been subsequently implemented
the actual resources used
the reasons for any differences between these resources

The candidate should in addition explain why any differences between that envisaged and what actually took place occurred.

The candidate, from a review of these case studies seek to identify any lessons that might be learned form the future

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design by 0800Promote 2008



Higher Professional Diploma in Construction (City & Guilds)
UNIT 12 BUDGETARY CONTROL Unit Summary At the very outset of a construction project some indication of the likely costs of the project will be required. In addition, a prudent contractor will need to analyse this costs into elements, operations and work activities for cost control purposes. There are a number of techniques that are available for this purpose and these should be considered along with practical examples. The estimating of budget prices enables clients to make suitable financial arrangements for the required work to proceed. Mechanisms should also be provided to enable the project to be constructed within the budget estimates that have been prepared. Aims The unit aims is to enable the candidate to understand how the budgets are determined and how these should be controlled within the project time scale. Outcomes On successful completion of the work the candidate will be able to: assemble the required data form the contractor’s own organisation understand what methods will be used to carry out the proposed work identify the site operations for costing purposes carry out costing exercises for some of these site operations apply techniques such as break even analysis understand the principles of budgets, targets and actual costs and how these relate to each other Outcomes On successful completion of the unit the candidate will be able to: understand how budgets are determined identify the different kinds of budget cost centres that occur on a construction project understand and apply the different types of costing methods understand and be able to prepare a break even cost analysis correctly record the costs on site Assessment The outcomes of this unit will be assessed on the production of: A word-processed report of some 1500 words. This report will include examples of budgets and contractor’s costing systems and by way of illustration a number of case studies from sites with which the candidate is familiar. The case studies should clearly identify: - the extent of the site operation involved any site instructions that necessitated the work or changes from that which was - - originally planned the estimated resources that were included in the contractor’s tender any target outputs that might have been subsequently implemented the actual resources used the reasons for any differences between these resources The candidate should in addition explain why any differences between that envisaged and what actually took place occurred. The candidate, from a review of these case studies seek to identify any lessons that might be learned form the future Click here to book a course
design by 0800Promote 2008