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07/10/2013NEYou submitted a good explanation of how cost estimates are prepared, but what was required was for you to select a typical project in your office and then to explain how you would go about determining the first very rough preliminary, or feasibility stage cost estimate. For example, how would you estimate the cost of water reticulation in a township of 200 houses. Study pages 13, 14 and particularly page 15 of the Financial Processes ntes that were handed out at the contact session. The rest of the assignment is well done.RYesNI think you rushed through the assignment and did not read the questions properly. Qu 1 required you to briefly explain the methods used in you workplace to arrive at the first rough prelim design cost estimate. Read pages 13.14 and particularly page 15 of the Financial Processes notes issued at the last contact session and resubmit. Qu 2, you were required to describe the pricing strategy but you seem to have described the procurement strategy. The Pricing Strategy is explained in Cl 2.8, pages 18 and 19 of the notes. Please read carefully and redo Qu 2. Your Bill of Quantities is acceptable but make sure you describe the headings properly. Do not forget the Bill Summary Sheet. Make sure that you understand budget reviews and study Cl 6.7, page 18 of the notes.S�The assignment is satisfactory but it could have been better prepared. The term "remeasurable" is incorrect, it should read "remeasurement".Do not forget the Summary Page of a bill of quantities.$You have put a lot of effort into the assignment and it is very satisfactory.. Your argument for a remeasurement contract is accepted but I must say I do not like some of your reasons (hidden provisions and fees!!!!) and I would have preferred a fixed price with or without a bill. Do not forget the Summary Sheet of the Bill. I think budget reviews should occur at the end of each stage of the project (Refer Cl 6.7 of the Notes issued at the last contact session), but your point about only issuing cost reports is very valid. Overall, good work.UMost of the assignment is very well done. Your layout of a typical Bill is very good, but do not forget the summary sheet. You did not explain the difference between the project estimate and budget correctly. Please study Cl 2.6 of the Financial Processes notes handed out at the last contact session and enhance this part of the assignment.5You did not provide a list of all the sections of a typical Bill of Quantities. Also you seem to have misunderstood what a budget review is all about and you must study Cl 6.7, page 18 of the Financial Processes notes handed out at the last contact session. Please resubmit both these parts of the assignment.EYou have made an effort and produced a good assignment. Well done! Note that I do not think it is necessary to offer a public sector client a fee reduction for no bill. Recommend what you think is best for the project. Do not forget the summary sheet of your Bill. Otherwise, good work.,Excellent work once again! The second part of the assignment asked you to make a recommendation as to which pricing strategy to adopt. You did not make a clear recommendation but I interpreted your answer to mean that all three strategies can be used depending on the engineering discipline. I agree.�The assignment has been well prepared and is correct. I accept your recommendation for the remeasurement of the electrical contract, although I would argue that on this type of project it should be possible to design and measure accurately enough!You have made an effort and produced a really good assignment. Note that there is no reason why you should not recommend a different pricing strategy for each engineering discipline, because, as you correctly identified, the nature of the work is very different. �You were the only student who went to the trouble to attach an actual Bill and your summary is very neatly laid out. The rest of the work is very satisfactory. Well done!!`A well prepared assignment with good reasoned answers. Do not forget the Summary page of a Bill.*Some good responses, and some sloppy work.
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