IBO434 Construction Pricing

Code IBO434
Name Construction Pricing
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Professional
Field of study Civil Construction and Real Estate Management
Faculty Department of Construction Entrepreneurship and Real Estate Economics and Management
Academic staff Jānis Vanags, Raja Kočanova
Credit points 3.0 (4.5 ECTS)
Parts 1
Annotation Methods and techniques for establishing prices for building products (investor's estimate, contractor's estimate, costing of resources, contract price). System of remuneration in building construction. Evaluation of complexity of building construction jobs..
Goals and objectives
of the course in terms
of competences and skills
Aim is to be able to prepare price formation programme of construction company based on theoretical basics and conditions of company’s activity. Tasks: To understand meaning of price formation and its role in construction company’s commercial activity; To know impact of commercial activity environment to price formation; To acquire theoretical and practical aspects of price formation; To know how to draft construction costs estimate.
Learning outcomes
and assessment
Is able to understand the role of price formation in commercial activities - 1. Practical work
Able to explain the specifics of pricing in the construction industry - 2. Practical work
Knows the basics of construction pricing theory - Seminar
Knows the procedure for estimating the cost of construction work - 3. Practical work
Ability to apply skills in construction cost forecasting - Exam
Course prerequisites Subject is based on knowledge acquired in previous study period

[Extended course information PDF]