Course Information

Course Name	Turkish	İnşaat Proje.Maliyet Yönet.
	English	Cost Management in Construction Project
Course Code	IPY 502	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	2	3	3	-	-
Course Language		Turkish
Course Coordinator		Elçin Filiz Taş
Course Objectives		1. To understand the importance of the cost estimation during initiation-planning-design phases and learn the cost planning, estimation and control methods, 2. To learn the cost estimation models used in tendering and bidding phases, 3. To have knowledge about the cost estimation and control of the construction firms from the bidding phase to the end of the construction, 4. To learn the computer-aided cost estimation (CACE) models used in the different phases of the building production process.
Course Description		Decisions related to cost during different stages of the building production process and cost calculation, cost related concepts; cost estimation during ınitiation-planning-design stages and fundamental cost planning concepts; factors affecting cost; cost estimation (calculation) methods in design stages (parametric methods, cost estimation based on functional building elements and work ıtems and resources); value engineering; constructability concepts, cost calculation and control in the execution process of the project, works before cost estimation during tendering phase, cost estimation of direct material, labor and equipment, calculation of subcontractor costs, calculation of site overhead cost and risk costs, general operating costs, general costs of the site, determination of bid price and unit prices, cost control and methods, computer-aided cost estimation (CACE) models and classification of them, CACE models used in preliminary and detailed design, tendering-bidding, progress payment and control phases.
Course Outcomes		Graduate students who successfully pass this course gain the following knowledge, skills and proficiencies I. To be aware of the factors affecting the building cost during initiation, planning and design phases, II. To learn the methods of cost planning, estimation and control during initiation, planning and design phases, III. To learn the cost estimation models used in tendering and bidding phases, IV. To have knowledge about the cost estimation and control of the construction firms from the bidding phase to the end of the construction, V. Awareness of the opportunities and ease of usage of computer-aided cost estimation CACE models.
Pre-requisite(s)		-
Required Facilities		-
Other		-
Textbook		1. Flanagan R., Tate B. Cost Control in Building Design. Blackwell Science.1997. 2. Garrett G.A., Cost Estimating and Contract Pricing, Wolters Kluver, 2008 3. Potts K.F., Construction Cost Management: Learning from Case Studies, Taylor&Francis, 2008 4. Kubba S., Green Construction Project Management and Cost Oversight, Elsevier, 2010. 5. Jagger D., Ross A., Smith J., Love P., Building Design Cost Management, Blackwell, 2002.
Other References		-

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