- International Fees
International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
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. This course may be eligible for students to receive funding through the StrongerBC Future Skills Grant at www.bcit.ca/financial-aid/strongerbc-future-skills-grant. Students register themselves into the course, then apply for the StrongerBC Future Skills Grant to cover payment, if eligible.
- No prerequisites are required for this course.
Below is one offering of BLDC 2150 for the Winter 2024 term.
Fri Jan 12 - Fri Apr 05 (12 weeks)
- 12 weeks
- CRN 87511
- Domestic fees $583.11International fees are typically three times the amount of domestic fees.
Class meeting times
|Jan 12 - Apr 05||Fri||18:30 - 21:30||Burnaby NE01 Rm. 330|
Course outline TBD — see Learning Outcomes in the interim.
- International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
No class Friday March 29. ***This is not a self-paced course. There will be specific time lines for assignments and exams.*** You will require a stable internet connection, a laptop or desktop computer for this course. You must also have an e-mail address and access to a computer capable of downloading basic documents. Students will participate in weekly "Virtual Classroom" sessions, per the above class schedule.
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
Introduction to Construction Economics (BLDC 2150) is offered as a part of the following programs:
School of Construction and the Environment
- Architectural and Building Technology
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Programs and courses are subject to change without notice.