LO 1 – Discuss the political, economic, social and environmental factors that influence the construction industry.

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TEC HNC Quantity Surveying

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LO 1 – Discuss the political, economic, social and environmental factors that influence the construction industry.

LO2 – Assess the relationship between economic factors, material and labour costs.

LO 3 – Explore strategies for construction procurement that address economic, social, environment and political challenges.

LO 4 – Present an analysis of an existing or proposed development in relation to the economic, social and political factors influencing its success.

Assignment: You are employed as a consultant Quantity Surveyor by the local government authority responsible for delivering urban infrastructure. You have been tasked to prepare a report to the Management on how construction economics, combined with social, political and environmental factors, may influence the construction costs and procurement route of a project. You are at liberty to structure and present your report to meet the needs of the audience, however, your approach must be briefly justified in the introduction. (Criteria Addressed: P7, P8, M4).

For the purpose of this assignment, the government authority has given the liberty to select an existing or proposed public development from their portfolio in any one of the residential, commercial or institutional building sectors. Consider availability of information/ data when selecting a suitable project.

It is recommended that the report should consider,

1. The construction industry of the country/region the project is situated in, especially how current political, social, environmental and economic factors would influence the industry in general. This may be approached by first explaining how economic models may influence construction projects. Pay particular attention to how political decisions in the country/region, as well as the ‘economic’ market may affect construction costs. Thereafter critically evaluate how global economics influence the selected project. (Criteria Addressed: P1, P2, M1, D1)

2. Materials costs required for the selected project, especially in terms of its relationship to contextual factors, economic and otherwise (e.g. availability, supply, price etc.). This is to be followed by a discussion on the relationship between labour and the construction costs of the selected project, which can be enriched by evaluating how labour relations in the selected locality cause construction costs in that region to vary from others. Finally, provide a critical analysis of the dynamic relationship between materials and labour costs with economic factors such as inflation. (Criteria Addressed: P3, P4, M2, D2)

3. A suitable strategy for construction procurement that addresses the various influences identified in points 1 & 2. To do so, you should first briefly discuss how a minimum of two potential procurement routes would respond to the social, political and economic drivers of the selected project. Similarly, examine the relationship between sustainability and the potential procurement routes. Next, provide an analysis on how government policy on procurement route influences the selected project. Finally, justify the selected procurement route for the project by providing a critique of it in response to political, social and economic drivers. (Criteria Addressed: P5, P6, M3, D3 

Pass

Merit

Distinction

 

LO 1 – Discuss the political, economic, social and environmental factors that influence the construction industry.

D1 Critically evaluate the ways that global economics influences construction

 

 

 

 

 

 

D2 Critically analyse the dynamic relationships between material and labour costs with inflation

 

 

 

 

P1 Explain the ways that economic models may influence construction projects

P2 Describe the relationship between political decisions and construction costs

M1 Analyse the impact of economic ‘market’ on construction costs.

 

LO2 Assess the relationship between economic factors, material and labour costs

P3 Examine the factors that influence material costs in construction.

P4 Discuss the relationship between labour and construction costs

 

 

M2 Evaluate the ways that labour relations lead to variations in regional construction costs.

 

LO3 Explore Strategies for construction procurement that address economic, social, environmental and political challenges

D3 Present a critique of a project’s procurement route in response to political, social and economic drivers

 

P5 Discuss the ways that different procurement routes respond to social, political and economic drivers

P6 Examine the relationship between procurement route and sustainability

M3 Analyse the influence of government policy on procurement route for public projects

LO4 Present an analysis of an existing or proposed development in relation to the economic, social and political factors influencing its success

 

P7 Analyse a construction project, in relation to its response to political, social and economic influences

P8 Present the outcomes of the analysis of a construction project.

M4 Justify an approach to presenting project analysis in meeting audience needs


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