Monitor costing systems on medium rise building and construction projects

Please provide answers to Part 3 - Prepare cost reports as per below instructions... many thanks!

Task 1 - Application of building codes and standards to the construction process for medium rise building projects

This assessment requires you to monitor costing systems for a medium-rise project. Although many larger building companies have automated software that does this, it is important that you understand what the software is doing; therefore, you are not permitted to use specialised estimating and costing software for this assessment.

The assessment requires you to advise how to prepare a range of data that can then be used for monitoring over the project and finally to advise how to prepare a final cost report. The report requires you to analyse data and make recommendations to a current actual live project, or the attached construction project as a simulated project where you don't have access to a live project about future costing.

Part 3 - Prepare cost reports

Part 3 requires you to advise how to prepare a final cost report for the project. Preparing the report requires you to:

compare the final cost against the estimated costs

determine the future actions the company needs to take, based on your analysis of the final data

determine the revised organisational rates.

The following must be provided to your assessor:

Part 1 o Risk assessment

o Schedule of project expenditureo Cost centres for your project

o Curves showing cash flows and controlo Projected cash flows (pessimistic and optimistic) o Interim payment claims o Pessimistic overdraft requirements

Part 2

o Spreadsheet showing variations o Recommendation for action and the recording of actions.