Construction Industry

Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Introduction ……………………………………… . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

What is the problem you are trying to solve, or the requirements of the assignment?

INSTRUCTIONS AND INFORMATION Read the following instructions carefully before answering the questions. 1. 2. 3. 4. Answer ALL the questions. Write ALL the answers on your ANSWER SHEET. Start EACH question on a NEW page. Number the answers correctly according to the numbering system used in this question paper. If answers are NOT presented according to the instructions of each question, candidates will lose marks. Draw diagrams and flow charts ONLY when requested to do so. The diagrams in this question paper may NOT necessarily be

Abstract . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

I. Abstract. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Beginning a new year of the construction industry with a report of 6% growth (achieved approximately $712 billion) in the financial profit of construction from Dodge Data & Analytics ' 2016 Construction Outlook, many analysts and experts predict that potential values for the construction business will be progressively increased with extensions of modern technologies and state-of-the-art concepts for improving construction performance, especially in project cost and schedule achievements (Peiffer, 2016). Although it is noticeable that diverse tendencies, including prefabrication or offsite constructions, green buildings, remodeling, etc., are taking higher place in the next decades, true collaborations, sophisticated building modeling tools, and practical value-boosted procedures are always bottom lines for a blossoming construction project. It is unquestionable that construction project costs and schedule are spectacularly difficult to predict by reason of complexity of building procedures and presence of thousands of dependent variables throughout a project. As a result, duties and responsibilities of forecasting and envisioning project cost and schedule performance are considered as momentous challenges and complicated issues for all construction experts and professionals (Ai et al., 2015). Growing from these concerns, a suggestion of synergizing components that particular affect the cost and schedule efficiency is becoming an

Conclusion ........................................................................................................................ 28 References ......................................................................................................................... 30 6.1 6.2 Books ......................................................................................................................... 30 Academic articles ...................................................................................................... 30

In this assignment I will be looking at the structure and activates of the construction and built environment sector. These particular roles all play a massive part into the construction and maintenance of a building. Such as house Building which may be funded by a government grant, a private investor or a mixture of both. Schools & Hospitals are mainly funded by government or a PFI contract. Industrial & Commercial Accommodation may be funded by private company for their own use or letting them out to other companies. Utilities may be funded by the local councils with a combination from the government to supply the houses and building with adequate means of water and gas and sewers along with civil engineers to construct road and access to buildings. Reclamation may be funded by a private investor to develop land for means of building on. This may also incorporate the demolition of building and areas of land which could be make way for new developments. Building Maintenance & Facilities Management can be controlled by a private company working for a government origination.

1. Introduction - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3

PAGE 1 2 2.1 2.2 3 3.1 3.2 3.3 3.4 3.4.1 3.5 4 4.1 4.2 4.3 4.4 4.5 4.6 4.6.1 4.6.2 4.7 5 5.1 5.2 5.3 5.4 6 7 8 8.1 8.2 8.3 8.4 8.4.1 8.5 8.6 8.6.1 8.6.2 8.6.3 8.6.4 8.6.5 8.6.6 8.6.7 8.6.8 8.6.9 INTRODUCTION PURPOSE AND OUTCOMES OF THE MODULE Purpose Outcomes LECTURERS AND CONTACT DETAIL Lecturers Department University Contact with the university Unisa contact via e-mail Unisa’s need to contact you MODULE-RELATED RESOURCES Prescribed book Recommended books Electronic reserves (e-Reserves)

|Sr. No. |Contents |Page No. | |1 |Chapter 1: Introduction |7-11 | | | | | | |Object of the project | | | |Introduction of study | | | |Objectives of the study

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . ……………….………..4

....................................................................................................................207 Answers...............................................................................................................................................................208 Mock exam 2 Questions ............................................................................................................................................................219 Plan of attack .......................................................................................................................................................229 Answers...............................................................................................................................................................230 Mock exam 3 (December 2009) Questions ............................................................................................................................................................245 Plan of attack .......................................................................................................................................................253 Answers...............................................................................................................................................................254 ACCA examiner 's answers June

Objectives of the Study. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2