British Columbia Institute of Technologywww.bcit.ca/study/courses/bldc2150

BCIT

BLDC 2150 - Introduction to Construction Economics

Building Construction Part-time Studies Course

School of Construction and the Environment

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.

Credits

3.0

Cost

$493.99

Fall 2017

Below is one offering of this course for the Fall 2017 term.

CRN 34890

Fri Sep 15 - Fri Dec 01 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 15 - Dec 01 Fri 18:30 - 21:30 BBY NE01 Rm. 403

Instructor

David Ngai

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$493.99

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

BLDC 2150 is offered as a part of the following programs:

School of Construction and the Environment

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

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