Assessment for CPC50210 Diploma in Building and Construction

in partnership with
CPC50210 Diploma in Building and Construction
CPCCBC5002A
Monitor costing systems on medium rise building and
construction projects
Assessment
Student name: XXXXXX
Student number: XXXXXX
Assessment: 32673/01
Staffing for the proposed Project

As the person who is tasked with estimating, working for Sullivon Construction, the building cost and
investigating the feasibility study, writing a report if the building is worth investing in and assessing the
risk involvements, my report carries more weight to the client and the management team at large. The
building that is to be built is called Elsternwick, which is a duplex, with the ground floor plan comprising
of a living room, kitchen, laundry, entrance lobby, and a garage. While the upper room comprises of a
master suit, two bedrooms with shared cloak and bathrooms, and a space for a staircase for accessing the
lower floors. The staff required will go on with the estimates will be Derick Omar a quantity surveyor that
I have delegated to all matters that pertains estimates.
The cost estimates are be orchestrated and checked by me, my office is to ensure that all the tasks are
taken care of, all the details like the suppliers and those providing the labour are mentioned and taken care
of in the estimates. There are two major components that will require a close attention, that is the labour
cost and the materials costs. As a head of project estimating, the document that comes from my office will
have in-depth researched cost estimates, and comparison Bills of quantities, so that the cheapest and
sustainable prices are picked to be shared with the client’s firm. Prior to the submission of the cost
estimates, I shall ensure that we have a meeting to harmonize our estimates, so that we come up with a
thought-through document and ready to defend it while issuing alternatives. The first par shall be to
budget for constructing a site office, and a store where meetings shall be attended, by the professionals to
check the project progress and store materials that shall be used to implement the project respectively.
Preparation of the financial report.
1. Risk Assessment of the project
At this point I shall analyse the risks involved in the project; these involves analysing how the
outcome of the project might change due to the risk occurrence at the project. Risks in the context
of construction projects, are the chances that an event would interfere with the viability of a
project. The objective of the project is to be a residential home to someone. The risks involved in
any project comes from various sources; from the project team that comes from different
companies to manage the project in one way or the other, the site itself, the tools involved in the
construction of the project, the financial source etc. But at this point I would want to assess the
financial risk involved in this project. These financial risks identified could be like, inflation, lack
of solvency, currency fluctuation, taxation etc.
Inflation – this is where the prices of commodities consumed have increased persistently or the
decline in the purchasing power of a currency. This is where there’s more money in the
circulation than the commodities, hence the prices of these commodities shall increase. In other
words, inflation can be sustained by the increase in level of consumer goods and services prices.
This poses a risk in project in that the money put a side for construction might be less and making
the client to seek other ways of funding the project. Since construction takes time and sometimes
a year, this could pose a serious threat if time is not well managed. So, one way of mitigating this
risk is time management. The construction manager will have to keep strict deadline and meet
them. Another way of reducing the effect of inflation is by exceeding the budget of the materials,
so that the extra money, if inflation occurs the money can supplement, if not then the client takes
the money.
Effect of insolvency – insolvency is the inability of paying debts, this is by the client, majorly.
Most projects are done with proceeds like loans or grants, or even money borrowed from friends
and family. The client in the course of construction, might fail to pay back the money within the
timeline they agreed to pay. Insolvency, might even be on workers, or employees on site, or
Sullivon Constructions

Development Fiesability Study
The user of this template must enter all costs in the Cost column & notes in th Workings Column. The user must seek
professional advice on all costs
Date
Job
Cost Centres Description Workings Cost Total Cost of Item
Purchase Price Property purchase price Enter workings / Notes in this column
Enter $ value in this
column
existing old house & land Land purchasing money, block No. 10 $450,000.00 $450,000.00
Stamp Duties Stamp Duties on purchase price $18,450.00
i.e. $200k=3.2% +.9% Per $200k $27,600.00
stamp duty as above $18,450.00 $64,500.00
Conveyancing fees Convey. Fees on purchase price
freds solicitors $0.00
Finance Costs Application Fee
Interest on total loan amount 3.2% of $750,000 of the project finance $24,000.00
brokers fee $500.00 $24,500.00
Demolition Costs
existing Demolition Demolishion of the existing building $20,000.00
Tree's inc Arborist reports
Removal of the trees, uprooting the existing
trees $1,000.00
Remove existing driveway Removal of the paving that were existing $1,500.00
make good ground and compact
The lose soil is compacted and made a solid
ground $2,376.00
Enter extra item here $24,876.00
Sub-Division Costs Drafting Fee's Architectural, and services drawings $1,500.00
Structural Fee's Structural drawings by a civil engineer $1,200.00
Hydraulics Eng
water reticulation report (hydrogeological
survey) $1,250.00
Soil Reports & Remediation Soil assessment for building suitability $2,500.00
Energy Reports Energy report on the utilzation of energy $650.00
Sundrie fee's $500.00
Enter extra item here $7,600.00
New Services Electrical inc Pits Electrical installation $17,000.00
Stormwater inc Retention Including plumbing works $21,000.00
Sewer Points inc Contributions Digging of serwer channels $4,300.00

Water Tapping Water connection from local authorities $1,350.00
Enter extra item here $43,650.00
Building Costs
M2 x $Rate IE $1100p/m2 (each
unit)
The cost of constructing the structure
2(225.0967*1100)
$495,212.74
Extra for over 2 storey $60/m²
each
Building the storey building same as the
round floor $27,015.60
Elevators / Fire / Large $ items Fire protection equipment installation $5,000.00
Enter extra item here $527,228.34
Landscaping &
Paving Soft Landscaping Leveling, gardening, and tree planting $20,000.00
Paving, Paths, Seats, Mail Box paving blocks fixing $3,500.00
Fencing inc Front Fence
The longer side 2X35 and the shorter side
18 (88m) $4,488.00
Pools inc Pool Fencing
Enter extra item here $27,988.00
Contribution fee's Open Space
Infastructure Levies
Enter extra item here $0.00
Agent Fee's Real Estate Sales Fee's Agent assisting in the sale of the houses $27,200.00
Advertising Fee's
Enter extra item here $27,200.00
Total Costs $1,197,542.34
Expected Sales U1 sell unit one $680,000.00
Insert more rows here
for U2 sell unit two $680,000.00
extra units U3
Total Sales $1,360,000.00 $1,360,000.00
Profit in Dollars $162,457.66
Profit as a % 13.57%
professionals like engineers, architects and so on. This might affect the progress of the project
thereby forcing it to stall or take a lot of time. To mitigate this issue, the client and trough the
team implementing the project needs to work around the clock, to keep deadlines, because more
often, especially with the bank, there’s a grace period where the money borrowed should start
being returned. First the client will have to sit with the team, and examine the timelines very well
and their budgetary allocations.