General overview

General overview

The cost consultant is one of the most important advisers to the client at the beginning of a project.  With appropriate and accurate advice, they can make the difference between project success and failure. The cost adviser should be able to spot opportunities for improving building cost efficiency and be able to communicate their suggestions to the client as well as the appropriate design team members.  The ability to provide this timely advice comes from a full understanding of the principles of design economics and cost planning.

Assignment details

PART 1

BEGINNING STAGE: PROJECT INITIATION (Week 3-Week 6)

You will be working with Architectural students and receiving a preliminary or conceptual design individually for this project at this stage. Please prepare a write-up as a cost adviser in the project based on the tasks below:

  1. Provide an overall description, background and set your own objective(s) of the project (assumptions may be required for setting the objective),
  2. Demonstrate or apply the concept of cost benefit analysis with examples in the project,
  3. Produce a preliminary estimate of your project at this stage of project development, and
  4. Describe and elaborate your cost adviser’s role and/or contribution when working with another discipline or professional in this project.

(You are required to submit a brief report of this Part 1 to Turnitin at the end of the beginning stage, an overview and preliminary feedback will be given at the following week)

PART 2

INTERMEDIATE STAGE: PROJECT DEVELOPMENT AND COST PLAN ANALYSIS (Week 7 -Week 12)

You will be working with Architectural students, and receiving a schematic design for this project at this stage. Please prepare a write-up as a cost adviser in the project based on the tasks below:

  1. Discuss on changes happen on this schematic designas compared to the previous design,
  2. Produce a cost plan for this schematic design using Elemental Cost Analysis method,
  3. Compare between the cost plan and the preliminary estimate, and discuss changes, and implications of them
  4. Draw conclusions based on your predetermined objective(s) and highlight lessons learned.

2B: Appendix A: Self-explanatory note/description on the collaboration process or teamwork efforts. You may provide some pictures or screenshots for this.

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