Course Overview
The course is a basic introduction to the concept of the time value of money using simple rates of return, interest rates and types, and decision criteria. Pricing techniques and methodology are introduced as part of the estimating process and bid preparation. Various forms of budget pricing are introduced which lead to a more detailed study of elemental analysis.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Domestic fees
$564.42
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
At the end of this course the student will be able to:
- Recognize the relationship between interest rates and the time value of money.
- Calculate present and future value problems.
- Evaluate and rank various investment opportunities.
- Assemble key financial components and prepare a pro-forma statement.
- Convert material quantities to final estimate costs by applying pricing techniques and methodology.
- Describe crew assembly, and develop corresponding crew rates.
- Generate unit prices for applicable tender requirements.
- Identify the process of final tender assembly and preparation.
- Distinguish various budget pricing techniques and their applications.
- Carry-out the steps involved in completing an elemental analysis of particular project.
Effective as of Fall 2007
Related Programs
Introduction to Construction Economics (BLDC 2150) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Construction and the Environment
- Architectural and Building Technology
Certificate Part-time
Course Offerings
Spring/Summer 2026
Below is one offering of BLDC 2150 for the Spring/Summer 2026 term.
CRN 57704
Dates
Apr 10 - Jun 26 Loading
- CRN 57704
- $564.42 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 10 - Jun 26 | Fri | 18:30 - 21:30 | Online |
Duration
12 weeks
Instructor
David Ngai
Course outline
Confirmation
Required
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Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.