Building Economics 3

This module covers various economic aspects of the built environment (from the Client, Main Contractor and society's perspectives):

1. How site, market conditions and design variables can influence building costs.
2. The impact of  Sustainability on building projects.
3. The influence of prefabrication, industrial and system building types. (cost savings)
4. Contract provisions in relation to payments and late project completion (dispute resolution/contractual claims). Provisions in both the PWC and R.I.A.I. forms of contract. Payment rules as set out in the Construction Contracts Act.
5. Project Management provisions in public sector projects-the CWMF (Capital Works Management Framework)

1. Demonstrate how the following can influence building costs:

   Design Variables, Site and Market conditions, Sustainability

2. Explain the economic benefits of:

   Prefabrication, Industrial and System building,

3. Classify the various costs associated with late project completion from a main contractor's viewpoint and the recovery of these costs through a contractual claim

4. Compare the various clauses under both the PWC and R.I.A.I. forms of contract in relation to Valuations, additional costs and dispute resolution

5. Summarise how the Construction Contracts Act makes provision for prompt payment in the industry

6. Interpret the provisions for project management in the Public Works Contract as outlined under the CWMF (Capital Works Management Framework)