|12242020||Faculty of Engineering, Built Environment and Information Technology||Department: Construction Economics|
|Minimum duration of study: 1 year||Total credits: 131||NQF level: 08|
A student is required to attend lectures diligently, but in addition the student must complete a compulsory minimum of 240 hours of temporary employment with a suitable employer in the construction industry/built environment (registered quantity surveyor, contractor, developer, property owner, etc). As proof of the practical experience the student must submit an approved log book signed by the employer.
Also refer to G Regulations G.16 to G.29 and G.54.
Selection is based on an applicant's academic record and experience. Applicants may be required to attend an interview and/or write an entrance examination.
A minimum semester/year mark of 40% is required in order to be admitted to the examination in a specific module. In addition, all other examination admission requirements, applicable to the relevant module, must have been met.
The degree is conferred with distinction if students registered for the degree for the first time, complete the degree within the minimum prescribed time and pass all modules with a weighted average of 75% (excluding POU 700).
Minimum credits: 131
Estimation of building costs – principles and process; elements of a price; rough quantities and inclusive quantities (elemental and builders’ quantities) for estimating; estimating methods; pricing of various trades and preliminaries; analysis of building cost; building cost escalation; design cost management.
A study of effective business management with reference to various organisational functions. Attention is paid to the built environment practitioner within this context.
Marketing of professional services in the property industry. Marketing of large scale property developments. Marketing of specialized property services, i.e. shopping centre activities, hotels and hospitality properties, etc. Marketing of equity capital structures.
Market- and marketability analysis, the influence of location on the marketability and cost of ownership of property, different location models.
Management of different types of facilities and portfolios of assets. Principles of outsourcing and the outsourcing decision. Contractual relationships in facilities- and asset management.
Valuation of income-producing properties, commercial properties, lease agreements, land with development potential, mass valuation techniques and jurisprudence regarding property valuation.
A research report on a subject approved by the Head of Department has to be completed during the final year of study.
Principles of various types of residential, commercial and industrial property developments.
Principles of the contractual relationship between tenant and landlord for different types of properties, general clauses that should be included in leases and the legal consequences for parties involved.
Operational management techniques, productivity, work study and effect on price determination. Construction programming techniques, including CCS.
The nature and scope of real estate investment, objectives of property developers, participants in the property investment process, the investment decision process, investment criteria, investment time horizons, decision making approaches
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