Budgeting/Conceptual Estimating CMGT 8050

The aim of the course is to enable students to develop knowledge and examination of various methods of conceptual estimating used in commercial and institutional buildings and their significance in the development of projects prior to the design and construction phases. The course will look at why budget/conceptual estimates are necessary, what factors need to be considered when preparing, evaluating and discussing project and operating costs during the early stages of a project when very little information is available and the design is very minimal. The course will also look at a number of different types of conceptual estimate, when to best use each and the limitations of the estimates types. The lectures will be delivered in 3 hour units per week by a qualified Professional Quantity Surveyor. The 3 hour units will be broken down into a 1 hour lecture and a 2 hour lab session allowing the student to work within a group context to assist learning and allowing question and answer time with the lecturer.