Portfolio Semester 5 Professional Practice 2 (QSB 3614)

Professional Practice 2 (QSB 9614)

Lecturer: Sr Eddie Lim Sek Cheon

This subject provides an overview of professional and contractual responsibilities of a quantity surveyor in the consultancy set up from the inception stage to the final account. It  focuses on the importance of understanding  the organization and contract administration roles of a quantity surveyor and the legal and contractual procedures in relation to building procurement

Objectives:

1. To ensure students have sufficient knowledge and understanding of the administration of construction contracts and the application of particular contract clauses relating to the roles and responsibilities of the parties to the contract especially the Quantity Surveyor.

2. To develop students awareness of the provisions of the Standard Contract forms related to valuation and certificates, instructions and variations, dayworks and final accounts, extension of time and loss and expense.

3. To teach students how to interpret sub-contracts documents relating to roles and responsibility of the main contractor and sub-contractors including the limits and constraint of such procedures

Learning Outcomes:

1. I am able to clearly define the roles and responsibilities of the various parties involved in construction contracts in relation to particular clauses in the contract.

2. I can understand and give a good explanation on the various construction contracts, its limitations and constraints and define issues in interpreting the contract clauses of construction contract

3. I have the knowledge to describe team dynamics, power of teams and teamwork in construction contracts.

Seminar

The seminar contributes to 15% of the overall marks. Groups of 2 students are required to give presentation of the weeks lecture in their respective tutorial classes followed by a Q & A session. This seminar tested the students understanding of their given topic, ability to work as a team as well as fine tuning the students presentation skills.

Test 

The mid term test contributes to 20% of the overall marks. This test was conducted on week 6 before the semester break. In this test students are required to complete all the questions given. This test was conducted to test the students understanding of the subject. It consisted of the topics Extension of Time, claims and set off.

Assignment

The assignment contributes to 15% of the overall marks. Students are required to form groups of 6 people where the students will form a group to act as consultants assessing a contractor’s application for final account. The group will assess the applications based on the conditions of contract. This assignment tests the students understanding and application of what we have learnt based on real life scenarios.

Interim Certificate

Certificate of practical completion (CPC)

Certificate of making good defects (CMGD)                           Certificate of Extension of Time 

Portfolio Semester 5 Measurement 5 (QSB 3115)

Measurement 5 (QSB 3115)

Lecturer: Mr Chee Wai Meng 
                  Mr Ramar Subramaniam

Objectives:

1) Allows students to study and explore the importance of preparation of Tender Document and the importance of the ability to work effectively with group mates to complete the assignments.

2) Provides students a chance to investigate and explore subject knowledge on the principles of measurement of various  elements.

3) Enable students to develop the skill of making decision and management skills related to Quantity Surveying profession in the preparation of Bills of Quantities.

Learning Outcome:

Through the study of this subject,

1) I am able to identify the items measurable for cold water and sanitary plumbing, electrical installation and M&E works and civil engineering works.

2) I am able to differentiate and explain the difference in writing up descriptions in accordance to design changes of cold water and sanitary plumbing, electrical installation and M&E works and civil engineering works.

3) I am able to evaluate the relationship between specifications, drawings and Bill of Quantities in Tender Documents for cold water and sanitary plumbing, electrical installation and M&E works and civil engineering works.

4) I am able to prepare the measurement for cold water sanitary plumbing, electrical installation and M&E works and civil engineering works in accordance to Standard Method of Measurement (SMM2) and Malaysian Civil Engineering Standard Method of Measurement (MYCESMM).

5) I am able to understand and carry out the preparation of Bills of Quantities for cold water and sanitary plumbing, electrical installation and M&E works and civil engineering works.

Test 

The mid term test contributes to 25% of the overall marks. This test required the students to complete all the questions given and fill in all the answers in the taking off sheet, dimension paper and Bills of Quantities. It tested students on their knowledge and understanding of electrical services

Assignment

This assignment was to be completed in a group of 5 students and will contribute 25% of the overall marks. The objective of this assignment was to test the students knowledge on site clearance and earthworks. Students were challenged on their understanding of applying the Simpson rule for cut and fill  earthworks. Besides doing taking off, it also tests the skill of students to apply MYCESMM clauses for preparing Bills of Quantity. 

                                  Simpsons Rule

                                Cut and fill of earthworks

Portfolio Semester 5 Financial Management (QSB 3413)

Financial Management (QSB 3413)

Lecturer: Sr Lee Wing Tey 
                  Mr Chang Jau Ho

Objectives:

1) To help students understand the background, principles and practices and information systems of financial management in relation to construction industry.

2) To allow students to appraise capital investment proposals in the construction industry.

3) To aid in understanding the management of construction organization in terms of managing the business environment, the firm and the staff.

Learning Outcome:

After taking this subject,

1) I am able to identify the appropriateness of financial management systems for different construction projects and implement the accountancy principles and practices in examining the construction company’s finances and accounts.

2) I am able to define the appropriate cost control structure and technology in ensuring the quality management and total quality management (TQM) of the entire construction performance. 

3) I am able to apply capital investment techniques in analyzing the cost & benefit for particular construction projects.

4) I am able to manipulate the sound knowledge of financial management in managing the financial aspects of the particular construction project.

5) I am able to outline the business of construction project through proper strategic management theory and techniques.

6) I am able to organize the staff’s tasks, organization and leadership to enhance motivation and performance towards career progression.

 Overall, the learning benefits that I gained out of this subject were immense as I was not exposed to the accounting and finance  area of study before and it was made more interesting by two excellent lecturers.

Module Schedule:

WEEK	TOPICS
1	Topic 1: Introduction to Financial Management (Part 1)
2	Topic 1: Introduction to Financial Management (Part 2)
3	Topic 2: Company Finance & Accounts
4	Topic 3: Financial Information Systems (Part 1)
5	Topic 3: Financial Information Systems (Part 2)
6	Topic 4: Capital Investments (Part 1)
7	Topic 4: Capital Investments (Part 2)
8	Topic 5: Introduction to Organizational Management (Part 1)
9	Topic 5: Introduction to Organizational Management (Part 2)
10	Topic 6: Corporate Analysis – Construction (Part 1)
11	Topic 6: Corporate Analysis – Construction (Part 2)
12	Topic 7: Firm Management
13	Topic 8: Financial Investment Appraisal (Part 1)
14	Topic 8: Financial Investment Appraisal (Part 2)

Group Assignment:

Objective:

1) To execute analysis on financial management of company in order to make forecast in the future.

2) To understand the financial management and operation of a company.

Learning Outcome:

Through this assignment,

1) I am able to learn the way to forecast the income statement in the future.

2) I am able to learn the principle of financial management.

3) I am able to learn the way to interpret the data of financial operation in a company.

Assignment 

Title:  5 –year Business Plan for the company of your choice.

1) Introduction with the executive summary of company including company milestone.

2) Brief write out on the company financial and marketing objective.

3) Brief write out on the company core business.

4) Overview on business operation.

5) Conclusion with recommendation.

6) Financial Highlight for 5 years – taken latest 2 (two) years from annual report and forecasting

    for the following 3 year based on the company historical records.

7) Format of submission : One hard copy and one soft copy for presentation 

The company that my group did our project on was AirAsia Berhad.

And this is the financial forecast done by AirAsia which we based our forecast on.

Mid-Term Test

     The mid-term test consists of 20% which held on week 8.

Objective:

    1) To learn the knowledge of financial management.

    2) To enable us to understand and investigate the topic taught by lecturer.

   Learning Outcomes:

   1) I will deeply understand the topic that had been taught by lecturer.

   2) I will master the topic that had been taught by lecturer.

   3) I will understand the progress of the syllabus.