COST PLANNING

A George Brown College/OIQS

Accredited Course
(Subject #308)
For
Associate Quantity Surveyors and Others

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COURSE OUTLINE

COST PLANNING
On successful completion of this course,
students will obtain a credit for OIQS
subject #308 (no additional examinations)

PREREQUISITE
Measurement and Pricing of Construction Work.

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Cost Planning
 This course introduces the student to the concept of
building economics as applied to cost planning and
cost control during the early design phases of a
developer's or design/build construction project.
 The student will study the need for cost control during
the design program and design schematic stages of
development.
 Factors influencing costs, conceptual and preliminary
estimating methods and Elemental Cost Analysis will
be reviewed and practiced.

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Course Outcomes
At the completion of this course the
student will be able to :
1. Identify the factors that affect design and costs of building
projects.
2. Write an outline specification using the CIQS Elemental system.
3. Conduct research for basic prices for Elemental Cost Analysis.
4. Assist in the development of a preliminary estimate for a building
project.
5. Identify design elements as stipulated by the CIQS for Elemental
Cost Analysis.
6. Prepare basic feasibility studies by using the preliminary and
elemental cost analysis techniques.
7. Establish unit prices from quantities and/or cost indices.
8. Measure alternate assemblies for cost comparison. 4
 TEXTBOOKS
1. Helyar, Frank W. (1998). Construction Budgeting 2nd Edition.
Toronto, ONT: The Canadian Institute of Quantity Surveyors.
ISBN # 1-896606-26-1
2. Elemental Cost Analysis: Method of Measurement and Pricing.
2000 Ed. Toronto, ONT: The Canadian Institute of Quantity
Surveyors. ISBN # 1-896606-30-X

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Cost Planning
• Overview
 Successful cost planning in any organization requires a defined
procedure.

Cost Planning Procedure

 Establishment of realistic and comprehensive cost estimates and
the continual monitoring, to ensure that project costs are
kept within an approved budget during project development

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Responsibility for Cost Planning:
Who are the Responsible Parties ?
Project Team:
 Owner
 Project Manager
 Architect
 Engineer
 Other consultants
 Quantity Surveyor
 Estimator 7