CONSTRUCTION COST PLANNING AND CONTROL

CE436

Course Code: CE436
Semester: -
Theory+Practice: 2 + 1
ECTS: 5

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Interpret balance sheets and income statements for construction companies,
Apply earned value analysis method to construction projects,
Calculate time value of money,
Define the construction financing process.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

This course is designed to provide financial literacy for professionals in the construction industry. Participants will learn the fundamentals of accounting, including how to read and interpret financial statements and analyze company financial data. Key concepts such as project-level cost control, financial forecasting, and the time value of money are covered. The course also addresses construction loans, tax impacts, and the use of financial software tools.

Course Contents

WEEK	TOPICS
1^st Week	Course Introduction
2^nd Week	Construction Industry Fundamentals
3^rd Week	Understanding Financial Statements
4^th Week	Understanding Financial Statements
5^th Week	Analyzing Company Financial Data
6^th Week	Accounting Basics
7^th Week	Project Level Cost Control
8^th Week	Midterm Exam
9^th Week	Forecasting Financial Needs
10^th Week	Time Value of Money
11^th Week	Construction Loans and Credit
12^th Week	Impact of Taxes
13^th Week	Software Competency Demonstration
14^th Week	Software Competency Demonstration
15^th Week	Course Review and Wrap-up

Recommended or Required Reading

Reference Book:
Halpin D.W., Senior B.A. (2009). Financial Maangement and Accounting Fundamentals for Construction. John Wiley & Sons, Inc.
Additional Resources:
Lecture Notes

Planned Learning Activities and Teaching Methods

Lecture
Discussion
Questions/Answers
Practice
Presentation

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Assignment	2	10
Total(%)		50
Contribution of In-term Studies to Overall Grade(%)		50
Contribution of Final Examination to Overall Grade(%)		50
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	2	2
Preparation for Quiz
Individual or group work
Preparation for Final exam	1	50	50
Course hours	14	3	42
Preparation for Midterm exam	1	40	40
Laboratory (including preparation)
Final exam	1	2	2
Homework	2	2	4
Total Work Load			140
Total Work Load / 30 (h)			4.66
ECTS Credit of the Course			5

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4
K1	X	X	X	X
K2
K3
K4
K5
K6
K7
K8
K9
K10	X	X	X	X
K11