Question
Please provide answer to Part 1 with all necessary documents that are described below. Task 1 - Application of building codes and standards to
Please provide answer to Part 1 with all necessary documents that are described below.
Task 1 - Application of building codes and standards to the construction process for medium rise building projects
This assessment requires you to monitor costing systems for a medium-rise project. Although many larger building companies have automated software that does this, it is important that you understand what the software is doing; therefore, you are not permitted to use specialised estimating and costing software to complete this assessment.
The assessment requires you to prepare a range of data that can then be used for monitoring over the project and finally to prepare a final cost report. The report requires you to analyse data and make recommendations to a current actual live project, or the attached construction project as a simulated project where you don't have access to a live project about future costing.
Part 1 - Prepare costing data for a medium-rise project
Part 1 requires you to prepare a range of costing data for the building project. You are required to:
undertake a risk assessment where estimated cost is compared to estimated risk
prepare a schedule of project expenditure for your project to identify critical points and ensure that cash flows are matched to expenditure
prepare the cost centres for your project, using either a trade-based or element-based system
prepare curves showing cash flows and control
prepare projected cash flows (pessimistic and optimistic) using time risk and cost risk, including overdraft requirements
prepare interim payment claims (including rise and fall calculations). Green?
Use a spreadsheet program to provide your responses to your assessor and provide both electronic and hard copies.
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