Procurement and Cost Calculations (5 ECTS)

Objective

On completion of the course, the student understands how procurement influences the economic outcome of a project.
The student can create documents related to procurement.
The student can estimate how procurements and schedule changes will affect the budget.
The student can use EDI software.
The student understands how site logistics influence the construction project.
On completion of the course, the student should at least be able to do the following: name the main aspects of cost control in a construction project, describe the progress of competitive bidding and the required documents, categorise site costs and list the phases of cost control.
The student can perform calculations related to quantity surveying and pricing on the basis of a call for tenders.

Content

The logistics of an HVAC systems construction site
Payments
Item price lists
Cost effects of schedule changes
Purchasing
Subcontracting
Electronic data interchange and deliveries
Site cost accounting and tender calculation
Nomenclature
Calculation methods and competitive bidding
Quantity surveying and pricing
Creating a target calculation for a site, a target budget
The principles of cost control on a site
The organization and cost structure of a company.

Location and time

Classroom instruction as scheduled.
Follow the schedule and announcements, as changes may occur.

Materials

Materials assigned by teacher in Moodle.

Teaching methods

Projects,
exams in Exam

Exam schedules

Exams in Exam. Exam dates in Moodle.

International connections

5 op * 27 h/op = 135 h

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student can apply the course content with guidance and knows the basics of calculating site and company costs.

Assessment criteria, good (3)

The student can independently apply the course related skills and knowledge and understands how the costs of a site or a company are formed.

Assessment criteria, excellent (5)

The student can explain how the costs of a site and a company are formed and how they can be influenced.

Assessment criteria, approved/failed

The student can apply the course content with guidance and knows the basics of calculating site and company costs.

Assessment methods and criteria

The grade of the course is based on the points collected from the assignments and exams.