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COST DATA GROUP MEMBERS :NORSHILA AMIRA BINTI ZAKARIA04DUB12F2009NUUR SOLEHAH BINTI MOHD TAHIR04DUB12F2028

LECTURER NAME :ROSS SALIHA SAFURA BINTI HAMZAH

CLASS :DUB5BGood, however the point could be more explainable.

Total marks:6/10to identify the types, the uses and purpose of cost data apart from explaining its structureThe required cost data in this industry differs in its use in terms of theory and practice of construction economicscost data is required at the initial stage to reflect the probable cost of the proposed project to the clientINTRODUCTION COST DATA STRUCTURESTAGECOST DATA STRUCTURETERM1

2tender price

Substructure superstructure finishes, etcTotal cost

Simplifies analysis(Group element)3 Frame Upper floors Roof StairsAmplifies analysis(Individual element)4 column beamQuality factor5

concrete formwork reinforcementMeasured works(Unit cost)6 labour material plant overhead

Cost components7Material cost transportation unloading, etcDistribution of basiccost components basic ratePurposes of Cost DataControl contract operation especially in the interim payment and final account procedures.Estimate cost of the proposed project and control the design to ensure figures (i.e. estimate) produced are comparable or close to the tender estimate.Balance the cost in the estimate to assure money is spent based on the clients preferences.Discuss the schedule of rates with the contractor for cost reconciliation ad to speed up tender submission.Uses of Cost DataPrepare an estimate or budgetPlan outline and detailed costs during the design stagesEstimate tender for tendering purposesNegotiate variation prices during the preparation of a final accountCalculate and settle off the contractors claimAdjust the valuation profit and lossManage maintenance and repairCalculate the life-cycle-cost or cost-in-use.

The quantity surveyor requires a readily available ad quick cost dataData is obtained from projects with known backgrounds.Detailed information can be obtained at any timeThere is a short period of time between receiving that data and processingChoice of classification and structure of processed data are within the control of the firmClassification of Cost Data*State what are the classifications??Sources of data THE END