Economics of the Building I

Total Hours in Course80

Number of hours for lectures24

Number of hours for seminars and practical classes8

Independent study hours48

Date of course confirmation23.03.2021

Responsible UnitInstitute of Civil Engineering and Wood Processing

Course developer

lect.

Inita Vikse

Mg. oec.

Course abstract

The aim of the course is to explain the basic concepts of construction industry economics, peculiarities of creation and realization of construction products, to learn the basics of pricing of construction products, to learn the methodology of compiling construction works estimates.

Learning outcomes and their assessment

Knowledge and understanding of the place of the construction industry in the national economy, the trends of the industry. - presentation with presentation and 1st test
Skills: Students understand the principles of building product price formation, learn the methodology for compiling construction works estimates, and are guided by the principles of organization of procurement of construction products.
Competence: At the end of the study course students are competent in issues related to the economic problems of construction.

Course Content(Calendar)

Lectures
1 The role of construction in the economy. Relation of construction with other industries. Lectures
1 h
2 Construction process, its phases. Participants in the construction process, their mutual relations. Lectures 2 h
3 The concept of construction products, peculiarities of creation of construction products. Lectures
1 h
4 The market for construction products. Construction product market infrastructure Lectures 1 h
5 Sales of construction products. Construction company contracts for the execution of construction works. Lectures 2 h
6 Public Procurement Law. Organizing competitions for the right to build. Lectures 2 h
7 Production and marketing process in design organizations. Lectures 1 h
8 Price. The economic nature of the price. Price features. Lectures 2 h
9 Formation of construction output prices in market conditions. Regulatory and informative basis for the preparation of works estimates. Lectures 2 h
10 Composition of the documentation for the estimation. Basic principles of compilation of the thesis. Lectures 2 h
11 General requirements for job description. Calculations of the volume of construction works. Lectures 1 h
12 Cost Elements. Direct costs. Lectures 2 h
13 Calculation of wages in estimates. Lectures 1 h
14 Calculation of costs of construction products and mechanisms in estimates. Lectures 2 h
15 Overheads, expected profits. Other cost estimates. Lectures 2 h
16 Technical and economic indicators Lectures 1 h
Practical works
- Presentations and discussions on the economic issues of the construction industry - Practical works 8 h

Requirements for awarding credit points

Work in the auditorium, report, passed 2 tests, test.

Description of the organization and tasks of students’ independent work

Students develop and present a report.

Criteria for Evaluating Learning Outcomes

Students develop and present a report.
Study course scheduled tests:
Test 1: Various questions on the first 7 lectures
Test 2: various questions about 8-16 lecture
The report and tests are evaluated with the Pass / Fail
At the end of the study course, students receive a test for a passed report and two tests.

Compulsory reading

1. Noteikumi par Latvijas būvnormatīvu LBN 501-17 "Būvizmaksu noteikšanas kārtība"[tiešsaiste]: MK noteikumi Nr.1014. Pieņemti 19.12.2006., stājas spēkā 01.01.2007. ar grozījumiem. Pieejams: http://www.likumi.lv/doc.php?id=150396
2. Būvniecības vadības rokasgrāmata. Rīga: Dienas bizness, 2006.
3. Kjells Gunnars Hofs. Biznesa ekonomika. Rīga: Jāņa Rozes apgāds, 2002. 559 lpp.
4. Ovčiņņikova I. Uzņēmējdarbības ekonomika. Rīga: Rīgas Tehniskā universitāte, 2002. 63 lpp.

Periodicals and other sources

1. www.em.gov.lv
2. www.csb.gov.lv
3.www.bis.gov.lv
4.www.iub.gov.lv

Notes

Study course is included in the professional higher education bachelor study programme Civil Engineering

Atsauksmes