Techniques Used For Estimate Cost Based On The Chosen Traditional Method Of Procurement Of Housing Project

1.1 This report will provide guidance for the procedure of preparing an estimate for building works. It will include the factors that affect the overall cost of the project explaining them in general as well as explaining them on the example provided.

This Project Charter describes the purpose, scope, objectives, estimated cost/ effort/ duration, risk and constraints, assumptions, approach and organization.

Description of the impetus for proposed project, clear demonstration or statement of current practice (i.e. environmental scan) the gap or need identified, and detail of perceived value of project outcome.

The use of external consultants, though being a reasonable tool to aid in ensuring community needs were being met, was found to be over-exhausted, and meant that the allocated budget for the project was insufficient in order to actually construct and repair the proposed houses. Contributing to this increase in costs was that the community response detailed that the proposed housing was inadequate. This feedback was accepted and therefore included in SIHIP, resulting in the cost increase from $450,000 per house to

2. Project assessment 2 – requiring you to prepare for a presentation, action plan and budget

Doing a full project analysis, establishing a project group who will approve master, conceptual, and site plans. {With modifications meeting all City/County codes and specifications}

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Undertaking a project such as the proposed new Student Common Room requires careful financial planning and management, involving a range of details related to resource capabilities and project demands (Shim & Siegel, 2008; Brigham & Ehrhardt, 2010). Deciding whether or not to move forward with a project must also include an assessment of opportunity costs weighing the cost of a project against the other things that could be accomplished with the same resources and considering issues such as economies of scale and other cost behaviors is also necessary (Brigham & Ehrhardt, 2010; Moya, 2012). These and other cost related theories are directly relevant to the proposal at hand, which will necessarily come at a substantial cost that is not necessarily warranted given the benefits the project will lead to and the existence of cheaper alternatives. Because the proposed renovation and construction will only be for one room, the savings achieved by economies of scale will not be realized, meaning that variable costs will be at their highest rate, and cost overruns are more likely in this single project as there will be fewer project phases to carry excess materials over to (Shim & Siegel, 2008; Brigham & Ehrhardt, 2010; Moya, 2012).

We are requested to assist the building with creating a method of construction cost data for client throughout the pre contract. The task of data collection is a difficult procedure and can be include to wide variations. Based upon our experience as quantity surveyors we chose to develop a cost data collection method. Our define construction line items and quantities for relativity building types.

Defining the project scope sets the stage for developing a plan and its primary purpose is to define as clearly as possible the deliverables and to focus project plans (Gray & Larson, 2006). The team has

The following summary will outline the possible techniques used to estimate cost based on the chosen traditional method of procurement of housing project, whilst also tying in with the main stages within the RIBA Plan of Works 2013 in the attempt to explore the key tasks, participants involved and their roles as per topic stage. The RIBA Plan of Works 2013 Stages: Stage 0: Strategic Definition. The clients require construction of a two - story, three bedroom detached house within the west midlands region. This is the projects’ realisation stage that is in place to make sure that the proposed business case have been fully considered for development constraints , the projects sustainability , preparation of feasibility studies and

See pages 265-270 for a detailed example of creating a cost estimate for the Surveyor Pro project described in the opening case

When choosing a type of procurement it is based on the clients experienced and knowledge of construction that the client has and there requirements. Once this has been decided then the relevant contracts can be drawn up outlining the relevant responsibilities shared and risk taken into consideration and also meeting the correct legislation and the Housing Grants, Construction and Regeneration Act 1996. With regards to the Housing Grants, Construction and Regeneration

This report will consist of the recommended sections a project plan should possess. These sections include a framework, necessary

Before getting to the discussion is better to see the input and output sheet in this study . chapter 5 focuses on right side(input) f residential projects in CH_IN. This chapter strives to explain and calculate all input’s items through A & D processes.