Building Economic

BUILDING ECONOMIC 

The Building Economics module is a new module introduced in Semester 5. This module covers areas of a Quantity Surveyor's task that covers calculations outside of Measurement & Professional Practice, advising clients on a project's feasibility, profitability, value, cost controlling, cost planning, including the necessary steps possible to advise the client, for example procurement and contracting systems. 

This module consists of Introduction to Building Economics, Cost control, Cost modelling, Cost analysis, cost planning, cost indices, Whole life costing & investment appraisals. 
Hence, this module involves plenty of costing along theory. 

Ms. Shirley Chin Ai Ling and Mr. Darrel Soon Lam Tat are the lecturers for the Building Economics module. This module's assessment consists of a mid-term test, Group assignment and a final exam.
​

Group Assignment 

The group assignment requires a group of 6-7 students to do a cost analysis of a Singaporean Client to develop a residential building in Kuala Lumpur area which building project from Basement car park, to services and to lush landscaping, etc. A similar benchmark project is also to be studied on.Then, the group is required to present on their findings to the lecturer, justifying the quantity, rates & showing the percentage of each works of a building.

Building economic from tfkc1212

Reflection

In conclusion, the experience from conducting this group project is very great. Along with my equally hardworking group-mates, I worked tirelessly hard. The whole team  co-operate with each other and most importantly bonded with one another in a bid to complete this assignment.Besides that, I have gained substantial on the economics knowledge in building development and have a better insight to how the cost is controlled in a project.