Construction Costs and Bidding

Successful financial and cost management of construction projects within budget, deadlines, and resource limitations is essential to construction management. This course emphasizes cash flow, overhead, trends, accounting functions, and projections in cost-control theory. Students apply quantity surveying principles to further develop and learn pricing, bidding, and tendering as well as project cost-control techniques when recommending alternatives in construction projects. Through practical assignments and a two phase project allow the student to demonstrate and apply cost control techniques. These essential principles of estimating quantity and price for materials, equipment, and labour considerations are developed with practical assignments that prepare students for a bid submission of a construction project in the National Bid Competition held by the TCIC in Semester 6.