Reference no: EM132598525

CPC50219 Diploma of Building and Construction

This is Choose an item. book assessment.The objective of this assessment is for you to demonstrate the knowledge required toaccess, interpret and apply relevant building codes and standards applicable to the construction processes of medium rise commercial and wide span buildings

For this assessment you are required to answer all questions to the standard required. Enter here anything else the candidate is required to do.

1. a) List at least six (6) building and construction costs that may need to be calculated by your staff (in no more than 100 words)

b) Where should your staff gather the data for these calculations.calculations?(in approximately 50 words)
2. How do you supervise staff to ensure they are making accurate cost estimates from project schedules?(in approximately 50 words)

3. a) What is meant by "definitive cost estimate" and "work breakdown structure"? (in no more than 100 words)

b) Why is this definitive estimate important?(in no more than 100 words)

4. Identify the cost centres engaged in your business(in approximately 50 words)

5. How do you incorporate these centres into the planned project cost network?(in approximately 50 words)

6. What are the steps you take when performing a risk assessment on project costs?(in no more than 100 words)

7. How do you ensure that you are remaining compliant with relevant codes, legislative requirements and standards when planning project costs?(in approximately 50 words)

8. What are the critical points that should be included in a schedule of project expenditure?(in approximately 50 words)

9. How does your business prepare and produce expenditure schedules?(in approximately 50 words)

10. Give some examples of the critical or key financial phases from a recent project you have supervised or been involved in:(in approximately 50 words)

11. What is a projected S curve, and how is it prepared? (in no more than 100 words)

12. What is the process for preparing interim payment claims and rise and fall calculations for contractors/subcontractors in your business?(in approximately 50 words)

13. a) How is cash flow projected in your business? (in approximately 50 words)
b) What factors create cash flow for your business?(in approximately 50 words)

14. a) Identify and explain the types of cash flow forecast you might employ in your business: (in no more than 100 words
b) What are the core elements of a project cash flow forecast? (in approximately 50 words)

c) How do you utilise these cash flow forecasts?(in approximately 50 words)

15. What monitoring and reporting should be undertaken to ensure that expenditure is controlled?(in approximately 50 words)

16. What cost variations (other than rise and fall) need to be investigated and controlled to retain compliance with the contract? ( in approximately 100 words)

17. What data is included in a final cost report?(in approximately 50 words)

18. What is the purpose of the final cost report?(in approximately 50 words)

19. Why is it important to compare budget costs to actual costs?(in approximately 50 words)

20. What is your process for monitoring and supervising staff who work on costing for medium rise projects?(in approximately 50 words)

21. Looking at the table below, calculate what the "Over or Under Cost" is.

Factor	Budgeted Cost	Estimated Total Cost	Cost Committed	Cost Exposure	Cost To Date	Over or (Under)
Labour Material Subcontracts Equipment Other Total	99,406 88,499 198,458 37,543    72,693 496,509	102,342 88,499 196,323 37,543    81,432 506,139	49,596 42,506 83,352 23,623    49,356 248,433	--- 45,993 97,832 ---             --- 143,825	52,746 --- 15,139 13,920    32,076 113,881

22. Looking at the following examples of labour choices, describe the strengths and weaknesses of each of these employment options in terms of cost and risk?(in approximately 50 words for each example)

Type Strength Weakness / Risks
Full time
Part Time
Casual
Apprentice

23. Identify and list three relevant standards, codes of practice and legislation for medium rise construction projects(in approximately 50 words)

24. Explain the builder's licensing arrangements for your region(in approximately 50 words)

25. Identify and list some advanced estimating, expenditure and costing systems used in the building and construction industry that are used in your business: (in approximately 50 words)

26. What are some financial principles that apply to the costing of projects in your business?(in approximately 50 words)

27. Identify, list and explain two variations in rates that may occur through rise and fall clauses and their effect on contract price(in approximately 50 words)

28. a) Identify and list four key components to good communication (in no more than 100 words)

b) How do you tailor your conversations to meet the needs of people from other cultures?(in approximately 50 words)

29. How do you determine and increase the effectiveness of your estimates and schedules when comparing to actuals? (in no more than 100 words)

30. How do you revise the schedules of payments and cash flows to match contract performance and efficiency?(in approximately 50 words)

Attachment:- Monitor costing systems.rar