Building Economics (QSB3214)

Building Economics is concerned with all economic aspects of construction projects – from planning, design and implementation to the completion. It concerned with the study of man's needs in connection with shelter and the suitable and appropriate conditions in which to live. 

Building Economics is hugely relevant with cost such as whole life-cycle costs, running costs, cost analysis, cost planning etc. Through this module, I have learn the concept of cost control with how to provide the client a value-for-money project. I found the calculation part in lecture 7 difficult as there are many types of formula and the question is complicated. I should put more effort on the calculation part.

We are assigned a coursework which divided in group assignment and individual assignment. The group assignment is form by 6 students. The task is to update the cost plan and provide comments based on the pricing of the elements in tender submission. While the individual assignment is to give recommendation to award the tender in tender report. Through this assignment, I have learn to consider the tender to be selected by observing their position, paid up capital, working experience and current job.