Building Economics [QSB 3214]

SCHOOL OF ARCHITECTURE • BUILDING • DESIGN

Centre for Modern Architecture Studies in Southeast Asia

Bachelor of Quantity Surveying (Honours)

Portfolio

(Semester 5 April 2014)

YVONNE LAI YEE VUN

(0304029)

Building Economics

[QSB 3214]

Personal Information..

Name : Yvonne Lai Yee Vun

Student ID : 0304029

Date of Birth : 10th August 1992

Intake: July 2011

Semester : Semester 5, April 2014

Objective.. 

• To develop an awareness of the impact of design variables in acquiring an economical design and the importance of quantity surveyor in pre-and post contract stages. 
• To create an awareness of the nature, content, and significance of cost control, cost planning and understand the roles of venture groups towards satisfying customer needs.  

Learning outcomes..

Building Economics enable me to understand the role and responsibilities of Quantity Surveyors in the overall development process and to match the relationship between cost and design to a value outcome.  Besides, this module allow me to explain the various methods of pre-tender estimating and to understand the importance of building economics to the construction world. This module also enable me to produce estimation and cost plan for financial planning to proposed project. In conclusion, this module provide the skills and knowledge that I need for my future career. 

Lessons Learned.. 

Building Economics was taught by Miss Dianne Kok Hui Wei and Sr Loo Seong King. For this module, I was given an individual assignment and a group assignment. For the individual assignment, I have to analyse whether the request by the client is reasonable and to explain what is the consequences based on time, cost and quality of awarding the tender based on the discounted percentage. 

For the second assignment, which is a group assignment, I was divided into a group of 6 people to complete the assignment. Our group assignment have been divided into two parts. The first part was where me and my group mates have to study an estimated cost plan in order to understand whether the price given is reasonable or not. We were ask to update and revise the attached cost plan to meet the marketing department requirement and the latest design requirement provided by the ARCHITECT. Then, the second part was where we have to produce a tender report for recommendation to the client and to provide reasons and supporting points for our recommendation  to convince the client. This subject was challenging and interesting at the same time because this subject enable me to understand the importance and the relationship of the building economics to the construction and how design and the construction plays an important role in ensuring the economics of the country is stable. As a Quantity Surveyor, we play an important role to give advises to the client on a better financial status.  

Tender report