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What you'll be able to do (official learning outcomes)
(Use measurable outcomes. All the points below need to be revised. Presently, they are not tenable)
Understand theory and principles of cost control, total cost appraisal, Life Cycle Costing (LCC) and whole life costing (WLC)
Develop the knowledge and skill for preparing preliminary estimate, cost plan and cost control
Develop the knowledge and skill for identifying, costing and managing risk in construction; and
Develop the knowledge and skill required for practical value management and value engineering
Course contents
Preliminary estimate, using the RICS new rules of measurement 2 (NMR2); cost planning during feasibility, outline proposals and scheme design stages. Importance of control over expenditure: Cost control during inception, feasibility and outline proposal stages. Cost control during scheme design and detail design stages.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study QTS 503.