Cambodian Skills Delivery Model

SEAL National Course Catalogue · MLVT / National Training Board

Sector Frameworks

1,164

Qualifications

15,161

Competency Units

10,938

Elements

41,782

Learning Outcomes

2,822

Assessment Packages

Monitor costing systems on complex building and construction projects

KHU-CON-0037

Australian Equivalent

CPCCBC5002

Elements

Learning Outcomes

This unit of competency specifies the skills and knowledge required to monitor costing systems for building and construction projects. It includes processes and practices involved in controlling costs, and the production and maintenance of expenditure schedules and other arrangements, to ensure contracts or projects remain on budget. This unit of competency applies to builders, senior managers in building and construction firms, and other construction industry personnel who work independently and in groups to investigate, evaluate and report project costing. Completion of the general construction induction training program specified by the model Code of Practice for Construction Work is required for any person who is to carry out construction work. Achievement of CPCWHS1001 Prepare towork safely in the construction industry meets this requirement. No licensing, legislative or certificati

Elements & Learning Outcomes

E1Identify and classify project costs.

0037.E1.O1Access, read and interpret current building codes of practice, standards, legislation and specifications.

0037.E1.O2Identify construction costs and produce accurate estimations from project schedules.

0037.E1.O3Define cost estimates appropriate to contract requirements and accurately translate into the correct cost centres.

0037.E1.O4Identify cost centres and correctly incorporate into a planned project cost network.

0037.E1.O5Undertake risk assessment and compare estimated cost with estimated risk.

E2Prepare schedules for project expenditure.

0037.E2.O1Identify project critical points and prepare draft schedules of project expenditure.

0037.E2.O2Produce hard copies of prepared expenditure schedules in line with organisational processes.

0037.E2.O3Identify critical financial phases of the project and match cash flows to expenditure.

E3Create curves for projected cash flow and payments.

0037.E3.O1Prepare interim payment claims and rise and fall calculations for contractors and subcontractors.

0037.E3.O2Prepare projected S curve to show cash flow and resource control.

0037.E3.O3Prepare and compare projected cash flow and payments using time risk and cost risk.

0037.E3.O4Compare cash flows using early start and late finish for pessimistic or optimistic outcomes.

0037.E3.O5Calculate pessimistic overdraft requirements.

E4Monitor and maintain expenditure.

0037.E4.O1Monitor cash flow and creditor payments daily.

0037.E4.O2Compare network budget cost to actual costs in the tender calculations.

0037.E4.O3Calculate rise and fall expenditure and advise financial controller of variations.

0037.E4.O4Identify and analyse reasons for any cost variations.

0037.E4.O5Take necessary remedial action and record to retain contract financial compliance.

E5Prepare final cost report.

0037.E5.O1Compare actual costs with estimates at the completion of the job and compile a report detailing future actions.

0037.E5.O2Adjust organisational rates as required, based on the final cost report and current movements in prices and rates.