1.	Identify three examples of software that can be used in estimating and costing building and construction projects.

i.

ii.

iii.

2.	Explain how the use of estimating and costing systems benefits the project.

3.	Listed below are two methods in performing the take-off in estimating and costing systems. Explain how each method is done.

	Method	Explanation
i.	Manual take-off
ii.	Direct take-off

4.	Provide one example of Australian Standard relevant to each category listed below. Ensure that your responses refer to current standards.

	Category	Australian Standard
i.	Electrical wiring
ii.	Concrete products
iii.	Fire tests

5.	Explain how Australian Standards apply to estimation and costing in building and construction projects.

6.

Provide three examples of WHS codes of practice from your state/territory that are relevant to building and construction. Include links to these codes of practice for your assessor's reference. Codes of practice you provide must be from the state/territory you specified in the Preliminary Task of this Knowledge Assessment.

Codes of practice	Link
i.
ii.
iii.

7.	Explain how WHS codes of practice apply to estimation and costing in building and construction projects.

8.	For each piece of legislation listed below, provide one example of how it applies to the estimation and costing of building and construction projects.

	Legislation	Application
i.	Fair Work Act 2009
ii.	WHS Act

	Legislation	Application
iii.	National Construction Code (NCC)

9.

Consider a medium rise construction projects that will employ the following people: Subcontractor - Gas fitting Subcontractor - Electrical Subcontractor - Plumbing Site supervisors Managers Identify the licensing requirements that apply to these workers. Refer to your state/territory's licensing requirements.

	Personnel	Licence Required
i.	Subcontractor - gas fitting
ii.	Subcontractor - electrical

	Personnel	Licence Required
iii.	Subcontractor - plumbing
iv.	Site supervisors
v.	Managers

10.	What is a project finance cost centre? Provide two examples of functions that are considered cost centres.

i.	What is a project finance cost centre?
ii.	Identify two examples of functions that are considered cost centres. a. b.

11.	Listed below are different principles in financial risk management. Explain how each principle applies in evaluating and eliminating or reducing financial risks.

	Principles in financial risk management
	Principle	How this principle is applied in evaluating risks.
i.	Organisational financial risk management is affected by various factors, including political, social, legal, and technological factors.
ii.	Organisational financial risk management must involve relevant stakeholders.
i.	Organisational financial risk management must always align with organisational objectives.
ii.	A continual improvement approach to financial risk management must be adopted by the organisation.

12.	Answer the following questions about progress payments. Explain the principle of implementing progress payments to maintain cash flow in building and construction projects.

i.	What are progress payments?
ii.	How are progress payments calculated?
iii.	Identify two principles followed in progress payments. a. b. c.
iv.	How do progress payments ensure the maintenance of cashflow?

13.	Answer the following questions about principles underlying expenditure evaluation in building and construction projects.