12106 (v.3) Building Economics 441

Area:

Department of Construction Management

Credits:

37.5

Contact Hours:

4.0

Lecture:

1 x 4 Hours Weekly

Syllabus:

Feasibility analysis of the financial return of building development. Life cycle costing. Value management process, techniques, facilitation and workshop. Introduction to the valuation process, productivity analysis, sales comparison and reporting.

Unit Outcomes:

On successful completion of this unit, students will have- An understanding of the process and application of valuation, financial feasibility studies and life cycle costing. An understanding of the processes and applications of value management and facilitation.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

No prescribed references.

Unit Texts:

Australian Institute of Valuers and Land Economists. (1997), Valuation Principles and Practice. AIVLE. Lusht, K.M. (1997) Real Estate Valuation Principles and Applications. Irwin. Whippit, R.T.M. (1995), Property Valuation and Analysis. Law Book Company.

Unit Assessment Breakdown:

Assignment 1 50%, Examination 50%. This is by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Semester 1	Y
2004	Prof Dvlpmt Ctr HK	Quarter 1	Y
2004	Prof Dvlpmt Ctr HK	Trimester 3	Y