|Preliminary TaskQuestions 6 and 9 of this Knowledge Assessment require you to refer to the building and construction requirements and legislation of your state/territory.For your assessor’s reference, indicate below which state/territory you are currently based or located in by ticking the box that corresponds to your answer.
When answering Questions 6 and, you must refer to the building and construction requirements and legislation of the state/territory you ticked below.
|1. Identify three examples of software that can be used in estimating and costing building and construction projects.
|2. Explain how the use of estimating and costing systems benefits the project.
|3. Listed below are two methods in performing the take-off in estimating and costing systems. Explain how each method is done.
|i. Manual take-off
|ii. Digital take-off
|4. Provide one example of Australian Standard relevant to each category listed below. Ensure that your responses refer to current standards.
|i. Electrical wiring
|ii. Concrete products
|iii. Fire tests
|5. Explain how Australian Standards apply to estimation and costing in building and construction projects.
|6. Provide three examples of WHS codes of practice from your state/territory that are relevant to building and construction. Include links to these codes of practice for your assessor’s reference.Codes of practice you provide must be from the state/territory you specified in the Preliminary Task of this Knowledge Assessment.
|Codes of Practice
|7. Explain how WHS codes of practice apply to estimation and costing in building and construction projects.
|8. For each piece of legislation listed below, provide one example of how it applies to the estimation and costing of building and construction projects.
|i. Fair Work Act 2009
|ii. WHS Act
|iii. National Construction Code (NCC)
| 9. Consider a medium rise construction project that will employ the following people:· Subcontractor - Gas fitting· Subcontractor – Electrical
· Subcontractor – Plumbing
· Site supervisors
Identify the licensing requirements that apply to these workers. Refer to your state/territory’s licensing requirements.
|i. Subcontractor – gas fitting
|ii. Subcontractor – electrical
|iii. Subcontractor – plumbing
|iv. Site supervisors
|10. What is a project finance cost centre? Provide two examples of functions that are considered cost centres.
|i. What is a project finance cost centre?
|ii. Identify two examples of functions that are considered cost centres.
|11. Listed below are different principles in financial risk management. Explain how each principle applies in evaluating and eliminating or reducing financial risks.
|Principles in financial risk management
|How this principle is applied in evaluating risks
|i. Organisational financial risk management is affected by various factors, including political, social, legal, and technological factors.
|ii. Organisational financial risk management must involve relevant stakeholders.
|How this principle is applied in eliminating or reducing risks
|i. Organisational financial risk management must always align with organisational objectives.
|ii. A continual improvement approach to financial risk management must be adopted by the organisation.
|12. Answer the following questions about progress payments.Explain the principle of implementing progress payments to maintain cash flow in building and construction projects.
|i. What are progress payments?
|ii. How are progress payments calculated?
|iii. Identify two principles followed in progress payments.
|iv. How do progress payments ensure the maintenance of cashflow?
|13. Answer the following questions about principles underlying expenditure evaluation in building and construction projects.
|i. The Bill of Quantities is a tendering document that itemises the materials, parts, and labour costs for expenditure evaluation.List the four monetary provisions that must be included in a Bill of Quantities.
|ii. In defining and evaluating a cost estimate as a predicted value, the prediction is based on certain key factors existing at the time of the estimate. Identify four of these factors.
|iii. Cost engineers use the projected design, procurement, and construction S curves to draw the projected cashflow curve. Like most S curves, it is subject to some slippage to the right caused by schedule delays, late deliveries, and so on. How often must a cashflow projection be undertaken to minimise cost risks?
|iv. List three activities that must be conducted when developing a bar chart for project expenditures for expenditure evaluation.
|14. Answer the following questions about principles underlying overhead costs in building and construction projects.
|i. Explain what overheads are.
|ii. How are overheads incorporated into the net estimated cost?
|iii. Provide five examples of overheads that must be incorporated into the net estimated cost of the job.
|iv. How is the percentage of overheads established?
|v. Calculate the overhead markup percentage for the following:Note that 20xx refers to the previous year.
|15. Listed below are four general processes followed in building and construction, which impact project estimation and costs. Explain what happens in each process.
|16. Explain what building and construction project timelines are used for.
|17. Identify five examples of factors that impact building and construction project timelines.