University Project Report: Time and Cost Management in Construction

This report addresses time and cost management in the context of a building construction project in Australia by ADCO Constructions. It begins by outlining the project objectives, emphasizing the creation of a detailed project plan that covers activity sequencing, construction methods, budgeting, resource procurement, and efficiency. The report details project deliverables, including the sequential activities, budget breakdowns, and client review processes. Technical requirements are also discussed, aligning with local zoning plans and encompassing space, building materials, strata title, and various infrastructural elements. The project plan includes different phases, from project objectives, deliverables, and technical requirements. It covers various stages like documentation review, bids and contracts, foundation work, and installation of essential components like HVAC, plumbing, and electrical systems. The report also mentions timelines and costs associated with each phase, providing an estimated total project cost of $250,000 and a timeline of 90 weeks, highlighting the importance of efficient project management and stakeholder approval.

Running head: TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTION
Time and Cost Management in Building Construction
Name of the Student
Name of the University
Author’s note

1TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTION
Table of Contents
Assignment 2..............................................................................................................................1
Project Objectives..................................................................................................................1
Project Deliverables...............................................................................................................3
Technical Requirements for the Project.................................................................................6
Project Boundaries.................................................................................................................9
Limits and Exclusions..........................................................................................................10
Reviews with Customers......................................................................................................11
Assumptions and Constraints...............................................................................................12
Project Plan..........................................................................................................................13
Project Milestones................................................................................................................18
Work Break down Structure.................................................................................................19
References................................................................................................................................21

2TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTION
Assignment 2
Project Objectives
ADCO Constructions plans to construct a building in Australia. ADCO Constructions
hire a project management team who will assist to construct the building ethically and
efficiently. The Project Manager and his team will prepare the project plan. ADCO
Constructions and the associated stakeholders will perform the project activities according to
the project plan. The primary objective of this project is to prepare a project plan.
i. The construction project planning must identify all the project activities that are required to
complete the project successfully. The project plan arranges the project activities in
sequential order. The project plan also shows the dependencies that mean which activity is
dependent on which activity. The project plan demonstrates the start time and the finish time
of every project activities. Thus every detail of the project can be known from the project
plan.
ii. The project plan must define the construction methods associated with all the project
activities well. The tools and the techniques must be ready all the time so that the
construction methods can be carried out anytime.
iii. The project plan must define the entire budget of the project. Thus the cost of every
activity can be known from the project plan. The electric equipment, hardware equipment and
can be high and out of range. Proper budget scheduling can assist in cost management. Thus
the stakeholders may have to purchase the machinery parts at the relatively high price, but
they can optimise the overall budget.
iv. The project planning must include the procurement planning for the materials. The project
plan prepares a list of resources. They can get to know the resources which have not been

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used for a longer period. The resources which have not been used for a longer period may get
degraded. The money spent on the resources will be wasted.
v. The construction work must be carried out efficiently. Therefore, they need to hire and
appoint best employees or workers for the project. The workers must have the expertise to
work efficiently and must finish the work without any delay. The cost of operation can get
reduced by appointing skilled workers for the project.
vi. The construction project plan must prepare graphs, bars and charts. All these drawings
help to analyse the project activities very clearly. The ongoing project activities can be
viewed and analysed well.
vii. The project plan must conduct the financial plan for the entire project. The project may
require extra funds to carry out the project activities. They can know the funds or the money
required to conduct the project activities pretty early with the help of the project plan. In this
way, they can optimise the budget of every activity and the entire project.
viii. The project plan must manage the timeline of the project. The project plan also includes
the slack time. From the slack time, it can be calculated that a particular activity can be
extended to a certain period.
Project Deliverables
The project manager and his team are responsible for handing over the building
constructing project to the client. The project deliverables contain the list of project activities
that will be conducted sequentially. The client can get to know the project activities that they
are going to get. In this the case, the client can get to every work activities associated with
building construction (Sansakorn & An, 2015). They can know in details the budget for every
activity of the project. The client can get to know that for which activity how much money is
going to be spent. If the client approves and is willing to pay, the project manager and his

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team can work on the project. The client and can review the deliverables. In this case, the
client can view the scope of the construction department and the schedule of values. The raw
materials used for the project can be viewed (Muhwezi, Acai & Otim, 2014). The client can
know the raw materials used for constructing the building. The client can know the two
important aspects of the project that is the time and the cost. The client can review the
contract plans. They can view the contract plans made for the project. The contract plans
include the sales agreement, construction agreement, contract specifications for the building
and the contract site plan for erecting the building (Jung et al., 2018). The entire contract plan
will require about seven weeks to get completed, and the total budget for the project will be
around 25 thousand dollars. The documentation review of the project contains the finalising
plans, finalising specifications for the building, preparation and entire construction design of
the building (Cao et al., 2015). The documentation review will get completed within 8 weeks.
The bids and contracts for the project contain the copies of plans, receiving bids and detail
review of bids. The bids and contracts also include the sub-contractor agreements, lot-stake
out scheduling. The bids and contract must meet the requirements for the sediment control
inspection. The bids and contracts for the project will take about thirty-one weeks to
complete (Enshassi, Ayash & Mohamed, 2018). It will require about 84 thousand dollars to
complete the bids and contracts and receive the permission.
Foundation includes the digging footings and installation of reinforcing. It includes
several tasks like the inspection of footings, pin footings, pour footings. The builders will put
the building blocks. The masons will construct the building using sand, stock, block and
mortar (Mancini et al., 2017). After that, the builders will build the waterproofing and the
draining tile. The waterproofing tiles and the drain tiles will be built after that. In this way,
the structure of the building will be constructed.

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Later on, they will build deck frame for the first floor of the building. Later on, the
first floor of the building will be constructed (Akomah & Jackson, 2016). The builders will
design the deck frame for the second floor after the entire complete budget for the project will
be an ion of the first floor. Next, they will build wall floor of the building as well. After
finishing work, the basement will be framed. The entire foundation will take around 40 weeks
(Kerosuo et al., 2015). The budget of the foundation will be around 74 thousand dollars. The
doors and windows will be installed after that preparing the basement of the building.
After the basic foundation is done, the concrete slab will be installed. The builder will
install the basement slab of the building. At first, the basement slab is prepared after that the
slab will be treated with termite (Tezel et al., 2017). The pest controller is responsible for the
termite treatment. The civil engineer, the construction subcontractor and the project manager
are responsible for inspecting the slabs of them in details. The concrete slab installation will
take about 5 weeks and total cost allocated for the foundation
After concrete slab installation, the mechanical subcontractor will setup HVAC and
will form the layout. He will design the layout the will measure the HVAC for the
construction (Marzouk & El-Rasas, 2014). The HVAC setup will require about 2 weeks and
the budget required to conduct the project is 15 hundred dollars.
The plumber will then set up the plumbing rough-ins and inspection of rough-ins. He
will inspect the plumbing rough-ins (Mohd Nawi et al., 2018). The plumbing rough-ins will
require about 2 weeks, and it will require a budget of about 12 hundred dollars.
The electric rough-in will be set up by the electric boxes. The electrician is
responsible for setting up the electric rough-in and the electric rough-wire. The telephone
lines and an alarm signal will be set up by the mechanical subcontractor (Belay, Tekeste &
Ambo et al., 2017). This simple setup will take about 1 week, and it will require about 2

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thousand dollars. Builder and mason will work on roofing paper, implementation of roof
shingles. The roofing will take about 2 weeks’ time and the builder and mason, and it will
require a budget of about 4 thousand dollars. The hardware subcontractor and the builder will
inspect the BGE Energy, will install the ceramic tiles (Victoria, Perera & Davies, 2016). The
construction subcontractor will install hardware in the bathrooms and will install mirrors. The
cleaning staff will take the responsibility to clean the building windows. They will conduct
the rough cleaning. All these tasks will need about 5 weeks’ time, and it will take around 4
thousand dollars.
Finally, the project will be handed over to the client. The entire project will take
around 90 weeks to complete. The estimated project cost is around $250,000. The client will
have to approve the deliverables (Fung, 2015). If he is satisfied with the deliverables, he will
approve the project deadline and the project budget. The project manager and his team start
working on the construction project based on the deliverables confirmation from client’s end.
Technical Requirements for the Project
Minister of Public Works sets the technical requirements provisions. All the
mentioned technical requirements for the project must be according to the local zoning plan
of Australia. The technical requirements of the construction area depend on the following
factors- building structure, the things which are related to building design, security, comfort,
ability and safety (Hyari, El-Mashaleh & Rababeh, 2015). There are several policies and
regulations which maintains the provisions of the technical requirements of the building
construction are as follows-
Space

7TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTION
The spaces used for the day-to-day activities will have a direct as well as indirect
contact with the air (Kibert, 2016). The spaces will have a direct or indirect impact on natural
lighting in sufficient quantities.
A building structure, Building components and the Building materials
The Building strata must be well planned and must be built along with the building
structure and the construction components. The construction materials that have been planned
to use in for erecting the building must meet the construction requirements (Odimabo,
Oduoza & Suresh, 2017). The requirements must comply with the building standards.
Strata Title Completeness
The new building must be provided with the clean water system, gas networks. The
construction must be in made in such a way such that the building or the construction area
must have proper water drainage system. The construction area must have the proper
wastewater drainage system as well (Yılmaz & Kanıt, 2018). The building must have well-
built channels and landfills. The building must have the proper channels installed and
landfills. The construction area must have telephone networks installed. The builders must
build communication equipment in the building. The building also must have proper transport
facility installed. The building must have stairs, escalators and the elevators. Also, the
building must have facilities like laundry space (Hu et al., 2016). The builders must keep in
mind the safety measures of the building that is why they need to implement lightning rods,
alarm system and the tight smoke doors. The project manager and the construction
department must ensure the safety of the building that is why they must install fire
extinguishers and smoke-tight doors. The buildings also must have the electric generators.
Strata Title Units

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The title units of Strata can be established above or below the land surface. The strata
must be placed above the land surface. The Strata title must have a standard size that can be
well accounted (Tabassi et al., 2016). The Strata must have a standard size that must be
accounted. The Strata Title must fulfil the requirements regarding function and usage. The
building construction must be carried out in such a way such that it supports the smoothness
and prosperity of the residents in Australia. The project manager will have to ensure that the
stakeholders, the workers carry out construction project activities efficiently (Udawatta et al.,
2015). It is the responsibility of the project manager and the other stakeholders of the project
to ensure that the residents carry out daily activities smoothly.
Common equipment and the common facilities
The project manager and his team members are responsible for looking after the
comforts and the luxury of the residents of the building. The project stakeholders must
prepare stairs, elevators, hallways so that the customers can perform the daily activities
conveniently (Larsen et al., 2015). The dwellers of the buildings require the common
facilities like the dimension, quality, capacity and good location, the project manager and his
team will have to keep in mind and construct the building according to that.
Density and Layout of the Building
The construction area must be used effectively. The building layout must be prepared
in such a way that it ensures the smoothness of the daily activities. The health aspects,
ventilation, lighting must be considered to ensure the safety of the residents, building as well
as the environment (Senouci, Ismail & Eldin, 2016). The project manager and the
stakeholders must construct the building in a fashion such that the residents can lead a good
life.

9TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTION
Environmental Infrastructure
ADCO Constructions must provide the residents with a healthy environment. The
project manager and the stakeholders are responsible for constructing roadways and parking
lots to facilitate the residents of the building (Mok, Shen & Yang, 2015). They must construct
parks and gardens. The residents can enjoy a good time over there. The children can play in
the garden. Thus there is a need to set up an environmental infrastructure there within the
building campus.
Sanctions
Australia Minister of Public Works has prepared some guidelines and policies. ADCO
Constructions is bound to follow those guidelines. If ADCO Constructions fail to follow the
rules and the policies, then they will have to pay a heavy penalty. The project manager and
the stakeholders will have to adopt the policies (Montaser & Moselhi, 2014). If anyone fails
or violates any policies, he will be threatened with imprisonment of ten years and will have to
huge fines.
Project Boundaries
i. ADCO Constructions plans to construct a building in Australia. They appoint a project
manager. He and his team will handle all the project activities. This project belongs to
Australia (Yang & Chen, 2015). ADCO Construction is famous construction company based
in Australia. The project stakeholders are also Australians. Therefore, other countries are out
of scope.
ii. The project stakeholders will carry out all the project activities according to the project
plan. The activities defined in the project will be carried out only (Zolfani et al., 2017). The
activities which have not been defined in the project plan are out of scope.

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iii. The project manager will assign the builders, masons, plumbers, electrician and all of
them will contribute to the project (Ryu, Son & Kim, 2016). The resources defined within the
project plan will perform. Any other resources which are not mentioned in the project plan
are out of scope.
iv. The project plan will show the budget required for the entire project. The budget has been
allocated for every resource for the project (Islam, Razwanul & Mahmud, 2017). Any extra
costing required for the project is out of scope.
v. The project has been scheduled to complete within a given period. The project manager
and the associated stakeholders are bound to finish the project within timeline (Collins,
Parrish & Gibson, 2017). The slack time can be considered. However, the timeline cannot be
extended beyond slack time; it is clearly out of scope.
Limits and Exclusions
There are several limits and exclusions for a building construction project. The project
stakeholders, builders and the project team members of ADCO Constructions can face limits
and exclusions while conducting the construction activities (Yeung, Ng & Wong, 2017).
Completed operations, residential exclusions, excluded operations, subcontracted work
exclusion, employee theft, intentional and illegal acts are some of the project exclusions.
Completed Operations
The labourers working at the construction site must ensure that they are getting
appropriate coverage. The insurance carriers have made this type of coverage an option for
the agents and the agents have to request specially for the coverage.
Residential Exclusions

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The insurance contractors do not like the residential contractors, and there may be
certain reasons for that. That is why the insurance contractors include an extra page in the
policy paper (He et al., 2015). The last paper of the page contains the ‘Residential
Exclusions’.
Excluded Operations
There are many policies out there which exclude the specific operations like the
roofing, condominium, apartments and the townhomes (Schaufelberger & Holm, 2017). The
policies also exclude the demolition, work over 3 stories, roofing and others.
The stakeholders’ work
The builders, mason, plumber are responsible for erecting the building. If any
building falls, the stakeholders will have to pay the penalty. ADCO Constructions will have
to pay for the injuries; they will have to pay for all the injuries (Lindgren, Widén & Emmitt,
2018). After ADCO Constructions takes the responsibility of construction of building after
someone else, then ADCO can get insurance to rework. The insurance carriers will allow a
limited amount of rework coverage,
Pollution
The pollution policy can be helpful to safeguard oneself. The project manager and his
team must take the initiative to exclude the pollution (Francom & El Asmar, 2015). The air
pollution can cause severe harm to the project manager and his team. The pollution can
adversely affect the project activities, and they can suffer heavy loss.
Illegal Acts