Construction Commercial Management I

At the end of this course, students should be able to: 1. Gain the knowledge and understanding of how project overheads/ establishment charges are determined; 2. Develop the knowledge and understanding how all-in rate for materials, labour and plant are determined; 3. Gain the awareness and understanding of input resources of materials, labour and plant relevant to excavation and earthworks; 4. Develop the knowledge and skill for building up unit rates for excavation and earthworks section of the Building and Engineering Standard Method of Measurement (BESMM); and 5. Develop the awareness and understanding of methods of pricing: net pricing and gross pricing of construction works

Preparation of estimate. Calculation of project overheads/establishment charges. Establishment of all-in-rate for labour, establishment of all-in-rate for material, establishment of all-in-rate for plant; and building up of unit rates. Identification of input resources: material cost and its components, labour cost and its components and plant cost and its components. Methods of pricing: net pricing and gross pricing. Computation of rates for the items in the following sections of the Building and Engineering Standard Method of Measurement (BESMM). Excavation and earthworks.