Quantity Surveying 1 (11669.1)
Please note these are the 2024 details for this unit
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | On-Campus |
Bruce, Canberra |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Arts And Design |
| Discipline | Study level | HECS Bands |
| School Of Design And The Built Environment | Level 2 - Undergraduate Intermediate Unit | Band 2 2021 (Commenced After 1 Jan 2021) Band 3 2021 (Commenced Before 1 Jan 2021) |
This unit is designed to introduce students with the theory and practice of proper management, costing and control as the essential elements of a successful construction projects. It is intended to provide a seamless connection between costing and construction project management from the built environment practitioner's perspective. Students will learn about and conduct exercises relevant to the building construction industry in discounted cash flow, net present value, internal rate of return, cost of capital and opportunity cost analysis, payroll, taxation considerations including capital allowances, purchasing, financial statements, insurance and cash management. In addition, the business cycle, the role of fiscal and monetary policy and their effects on the construction industry are explored.
1. Demonstrate an understanding of micro and macro financial management and apply this knowledge to construction practice locally and internationally;
2. Describe and practice the methods of financing available to the stakeholders in construction industry;
3. Appraise the importance and impact of monetary and fiscal policy on the construction business cycle; and
4. Develop competencies in professional practice in capital investment decisions and cash flow management.
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Learning outcomes
Upon successful completion of this unit, students will be able to:1. Demonstrate an understanding of micro and macro financial management and apply this knowledge to construction practice locally and internationally;
2. Describe and practice the methods of financing available to the stakeholders in construction industry;
3. Appraise the importance and impact of monetary and fiscal policy on the construction business cycle; and
4. Develop competencies in professional practice in capital investment decisions and cash flow management.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Prerequisites
None.Corequisites
None.Incompatible units
None.Equivalent units
None.Assumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | On-Campus | Dr Hitomi Nakanishi |
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit
timetable.
Required texts
The chapter to be read is advised on Canvas.
Design Economics for the Built Environment Impact of Sustainability on Project Evaluation by Robinson et al 2015.
Economics by Krugman and Wells, 2007.
Financial Management and Accounting Fundamentals for Construction by Daniel W. Halpin, and Bolivar A. Senior, 2009.
Participation requirements
Attendance to lecture and tutorials is expected.
Additionally, Students who attend campus for class or other purposes must play their part in keeping our campus and community safe by following these basic guidelines to reduce the risk of COVID-19 transmission:
- Practise good hand hygiene, washing hands regularly;
- If you do happen to cough or sneeze, please do so into the crook of your elbow, dispose of tissues immediately and wash hands immediately
- Practise effective physical distancing;
- Follow all directions of teaching and other UC staff regarding safety measures;
- Wearing of face masks is essential while attending lectures and tutorials.
- Stay off campus if you are unwell and get tested according to ACT Government guidelines, and
- Follow University communications about campus arrangements https://www.canberra.edu.au/coronavirus-advice.
Required IT skills
General computer skills
Work placement, internships or practicums
None
