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Introduction to Construction Economics BLDC 2150

Building Construction Course

Course details

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

Cost

$519.05

Course offerings

Winter 2023

Below is one offering of BLDC 2150 for the Winter 2023 term.

CRN 87511

Duration

Fri Jan 13 - Fri Mar 31 (12 weeks)

  • 12 weeks
  • CRN 87511
  • $519.05
Class meeting times
Dates Days Times Locations
Jan 13 - Mar 31 Fri 18:30 - 21:30 Online
Instructor

David Ngai

Course outline

View

Cost

$519.05

Important information
  1. Internet delivery format.
  2. ***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.
Status

In Progress and Full

This course offering is in progress and full. Please check back next term, subscribe to receive email updates or contact us with your comments or questions.

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:

School of Construction and the Environment

  1. Architectural and Building Technology
    Certificate Part-time
  2. Building Construction Technology
    Associate Certificate Part-time
  3. Building Design and Architectural CAD
    Associate Certificate Part-time

Contact Us

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  • Privacy Notice: The information you provide will be used to respond your request for BCIT course information and is collected under Section 26(c) of the Freedom of Information and Protection of Privacy Act (FIPPA). For more information about BCIT’s privacy practices contact: Associate Director, Privacy, Information Access & Policy Management, British Columbia Institute of Technology, 3700 Willingdon Ave. Burnaby, BC V5A 3H2, email: privacy@bcit.ca.