CPCCBC5002A - Unit Assessment Pack

CRICOS Code:
03595K | RTO Provider ID: 70252

Unit Assessment Pack (UAP) – Cover Sheet
Student and Trainer/Assessor Details
Student ID
Student name
Contact number
Email address
Trainer/Assessor
name
Course and Unit Details

Course code CPC50210
Course name Diploma of Building and Construction
Unit code CPCCBC5002A
Unit name Monitor costing systems on medium rise building and
construction projects
Assessment Submission Method
☐ By hand to ☐ By email to ☐ Online submission via

trainer/assessor trainer/assessor Learning Management System
(LMS)
☐ By Australia Post to RTO ☐ Any other method

______________________________________________
___
(Please mention here)
Student Declaration
• I certify that the work submitted for this assessment pack is my own. I have clearly
referenced any sources used in my submission. I understand that a false
declaration is a form of malpractice;
• I have kept a copy of this assessment pack and all relevant notes, attachments,
and reference material that I used in the production of the assessment pack;
• For the purposes of assessment, I give the trainer/assessor of this assessment the
permission to:
o Reproduce this assessment and provide a copy to another member of staff;
and
o Take steps to authenticate the assessment, including communicating a
copy of this assessment to a checking service (which may retain a copy of
the assessment on its database for future plagiarism checking).
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CRICOS Code: 03595K | RTO Provider ID: 70252
Student signature: ________________________________
Date: ____/_____/______________
Assessment Plan
To demonstrate competence in this unit, you must be assessed as satisfactory in each of the
following assessment tasks.
Evidence recorded Evidence Type/ Method of assessment Sufficient evidence

recorded/Outcome
Unit Assessment Task Unit Knowledge Test (UKT) S / NS (First
1 Attempt)
S / NS (Second
Attempt)
Unit Assessment Task Unit Skills Test – Role Play S / NS (First
2 Attempt)
S / NS (Second
Attempt)
Unit Assessment Task Unit Project (UP) S / NS (First
3 Attempt)
S / NS (Second
Attempt)
Unit Assessment Task Unit Skill Test – Prepare Final Cost Report S / NS (First
4 Attempt)
S / NS (Second
Attempt)
Final result C/NYC Date assessed
Trainer/Assessor
Signature
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Assessment Conditions
Unit purpose/application
This unit of competency specifies the outcomes required to monitor building or construction
costing systems. The processes and practices involved in supervising and monitoring costing
systems result in the ongoing maintenance of cost control and the production of
expenditure schedules and other arrangements, which ensure contracts or projects remain
on budget.
In order to achieve the outcomes for this unit, knowledge of relevant legislation, codes and
standards, industry estimating and costing systems, and financial principles is required.
This unit of competency supports the needs of builders, senior managers in building and
construction firms, and other construction industry personnel responsible for monitoring
building or construction costing systems for medium rise building and construction projects.
What the student can expect to learn by studying this unit of competency
• Supervise the identification and classification of project costs.

• Manage the preparation of a schedule of project expenditure.
• Prepare curves showing projected cash flow and payments.
• Maintain continuous checks on expenditure and evaluate outcomes.
• Prepare final cost report.
Training and assessment resources required for this unit of competency
The student will have access to the following:

 Learner guide
 PowerPoint presentation
 Unit Assessment Pack (UAP)
 Access to other learning materials such as textbooks
The resources required for these assessment tasks also include:
 Access to a computer, the Internet and word-processing system such as MS Word
 An operational business environment to implement the learning plan
 Computer technology and documentation as required
 Knowledge of MS Office or Schedulling softwares such as microsoft project ,
primavera etc.
Submission instructions
Your trainer/assessor will confirm assessment submission details for each assessment task.
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Academic integrity, plagiarism and collusion
Academic Integrity:
Academic Integrity is about the honest presentation of your academic work. It means
acknowledging the work of others while developing your own insights, knowledge and
ideas.
As a student, you are required to:
• Undertake studies and research responsibly and with honesty and integrity
• Ensure that academic work is in no way falsified
• Seek permission to use the work of others, where required
• Acknowledge the work of others appropriately
• Take reasonable steps to ensure other students cannot copy or misuse your work.
Plagiarism:
Plagiarism means to take and use another person's ideas and or manner of expressing them
and to pass them off as your own by failing to give appropriate acknowledgement. This
includes material sourced from the internet, RTO staff, other students, and from published
and unpublished work.
Plagiarism occurs when you fail to acknowledge that the ideas or work of others are being
used, which includes:
• Paraphrasing and presenting work or ideas without a reference
• Copying work either in whole or in part
• Presenting designs, codes or images as your own work
• Using phrases and passages verbatim without quotation marks or referencing the
author or web page
• Reproducing lecture notes without proper acknowledgement.
Collusion:
Collusion means unauthorised collaboration on assessable work (written, oral or practical)
with other people. This occurs when a student presents group work as their own or as the
work of someone else.
Collusion may be with another RTO student or with individuals or student’s external to the
RTO. This applies to work assessed by any educational and training body in Australia or
overseas.
Collusion occurs when you work without the authorisation of the teaching staff to:
• Work with one or more people to prepare and produce work
• Allow others to copy your work or share your answer to an assessment task
• Allow someone else to write or edit your work (without rto approval)
• Write or edit work for another student
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• Offer to complete work or seek payment for completing academic work for other
students.
Both collusion and plagiarism can occur in group work. For examples of plagiarism, collusion
and academic misconduct in group work please refer to the RTO’s policy on Academic
integrity, plagiarism and collusion.
Plagiarism and collusion constitute cheating. Disciplinary action will be taken against
students who engage in plagiarism and collusion as outlined in RTO’s policy.
Proven involvement in plagiarism or collusion may be recorded on students’ academic file
and could lead to disciplinary action.
Other Important unit specific Information
N/A
Unit outcome
• This unit is not graded and the student must complete and submit all requirements
for the assessment task for this cluster or unit of competency to be deemed
competent.
• Students will receive a 'satisfactorily completed' (S) or 'not yet satisfactorily
completed (NS) result for each individual unit assessment task (UAT).
• Final unit result will be recorded as competency achieved/competent (C) or
competency not yet achieved/not yet competent (NYC).
Prerequisite/s
Nil
Co-requisite/s
Nil
Foundation Skills
The Foundation Skills describe those required skills (learning, oral communication, reading,
writing, numeracy, digital technology and employment skills) that are essential to
performance. Foundation skills essential to performance are explicit in the performance
criteria of this unit of competency.
Relevant Legislation
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 Australian Human Rights Commission Act 1986
 Age Discrimination Act 2004
 Disability Discrimination Act 1992
 Racial Discrimination Act 1975
 Sex Discrimination Act 1984
 The Privacy Act 1988 (Privacy Act) and Australian Privacy Principles (APPs)
 Work Health and Safety Act 2011
 Occupational Safety and Health Act 1984 (WA)
 Occupational Safety and Health Regulations 1996 (WA)
 Competition and Consumer Act 2010 (Cth)
 Building Act 2011 (WA)
 Building Services (Registration) Act 2011 (WA)
 Construction Contracts Act 2004 (WA)
Principles of assessment and rules of evidence
All assessment tasks will ensure that the principles of assessment and rules of evidence are
adhered to.
The principles of assessment are that assessment must be valid, fair, flexible, reliable and
consistent. The rules of evidence state that evidence must be sufficient, valid, current and
authentic.
AQF Level
AQF levels and the AQF levels criteria are an indication of the relative complexity and/or
depth of achievement and the autonomy required to demonstrate that achievement.
All assessment tasks must ensure compliance with the requirements of AQF level and the
AQF level criteria. For more information, please visit http://www.aqf.edu.au/
Further Information
For further information about this unit go to https://training.gov.au/Training/Details/

CPCCBC5002A
Additional Information
• This information will be managed by the provisions of the Privacy Act and the
Freedom of Information Act.)
• Students are required to satisfactorily complete and submit all assessment tasks
that contribute to the assessment for a unit.
• Students will be provided with one more attempt to complete this Unit assessment
pack (UAP) if trainer/assessor deems them not satisfactorily completed (NS) in any
Unit assessment task (UAT).
• Unit Pre-Assessment Checklist (UPAC) will be reviewed by the trainer/assessor to
ensure the student is ready for the assessment.
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• Feedback regarding this Unit Assessment Pack (UAP) can be emailed to the
compliance and quality assurance department/administration department in your
RTO for continuously improving our assessment and student resources.
Feedback to student
Feedback on students’ assessment performance is a vital element in their learning. Its
purpose is to justify to students how their competency was assessed, as well as to identify
and reward specific qualities in their work, to recommend aspects needing improvement,
and to guide students on what steps to take.
Feedback defines for students what their trainer/assessor thinks is important for a topic or a
subject. At its best, feedback should:
• Be provided for each Unit Assessment Task (UAT)
• Guide students to adapt and adjust their learning strategies
• Guide trainers/assessors to adapt and adjust teaching to accommodate students’
learning needs
• Be a pivotal feature of learning and assessment design, not an add-on ritual
• Focus on course and unit learning outcomes
• Guide students to become independent and self-reflective learners and their own
critics
• Acknowledge the developmental nature of learning
If students have not received proper feedback, they must speak to compliance and quality
assurance department/administration department in the RTO/person responsible for
looking after the quality and compliance services of the RTO.
For more information, please refer to RTO Student Handbook.
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Unit Pre-Assessment Checklist (UPAC)
UAT 1 – Unit Knowledge Test (UKT)
Purpose of the checklist
The pre-assessment checklist helps students determine if they are ready for assessment.
The trainer/assessor must review the checklist with the student before the student attempts
the assessment task. If any items of the checklist are incomplete or not clear to the student,
the trainer/assessor must provide relevant information to the student to ensure they
understand the requirements of the assessment task. The student must ensure they are
ready for the assessment task before undertaking it.
Section 1: Information for Students
• Please make sure you have completed the necessary prior learning before
attempting this assessment.
• Please make sure your trainer/assessor clearly explained the assessment process and
tasks to be completed.
• Please make sure you understand what evidence is required to be collected and
how.
• Please make sure you know your rights and the Complaints and Appeal process.
• Please make sure you discuss any special needs or reasonable adjustments to be
considered during the assessment (refer to the Reasonable Adjustments Strategy
Matrix and negotiate these with your trainer/assessor).
• Please make sure that you have access to a computer and the internet (if you prefer
to type the answers).
• Please ensure that you have all the required resources needed to complete this Unit
Assessment Task (UAT).
• Due date of this assessment task is according to your timetable.
• In exceptional (compelling and compassionate) circumstances, an extension to
submit an assessment can be granted by the trainer/assessor.
• Evidence of the compelling and compassionate circumstances must be provided
together with your request for an extension to submit your assessment work.
• Request for an extension to submit your assessment work must be made before the
due date of this assessment task.
Section 2: Reasonable adjustments
• Students with carer responsibilities, cultural or religious obligations, English as an
additional language, disability etc. can request for reasonable adjustments.
• Please note, academic standards of the unit/course will not be lowered to
accommodate the needs of any student, but there is a requirement to be flexible
about the way in which it is delivered or assessed.
• The Disability Standards for Education requires institutions to take reasonable steps
to enable the student with a disability to participate in education on the same basis
as a student without a disability.
• Trainer/Assessor must complete the section below “Reasonable Adjustment
Strategies Matrix” to ensure the explanation and correct strategy have been
recorded and implemented.
• Trainer/Assessor must notify the administration/compliance and quality assurance
department for any reasonable adjustments made.
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• All evidence and supplementary documentation must be submitted with the
assessment pack to the administration/compliance and quality assurance
department.
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Reasonable Adjustment Strategies Matrix (Trainer/Assessor to complete)
Category Possible Issue Reasonable Adjustment Strategy
(select as applicable)
 LLN  Speaking  Verbal assessment
 Reading  Presentations
 Writing  Demonstration of a skill
 Confidence  Use of diagrams
 Use of supporting documents such as wordlists
 Non-  Speaking  Discuss with the student and supervisor (if
English  Reading applicable) whether language, literacy and numeracy
Speaking  Writing are likely to impact on the assessment process
Backgroun
 Cultural  Use methods that do not require a higher level of
d
background language or literacy than is required to perform the
 Confidence job role
 Use short sentences that do not contain large
amounts of information
 Clarify information by rephrasing, confirm
understanding
 Read any printed information to the student
 Use graphics, pictures and colour coding instead of,
or to support, text
 Offer to write down, or have someone else write,
oral responses given by the student
 Ensure that the time available to complete the
assessment, while meeting enterprise requirements,
takes account of the student’s needs
  Knowledge and  Culturally appropriate training
Indigenous understanding  Explore understanding of concepts and practical
 Flexibility application through oral assessment
 Services  Flexible delivery
 Inappropriate  Using group rather than individual assessments
training and  Assessment through completion of practical tasks
assessment in the field after demonstration of skills and
knowledge.
 Age  Educational  Make sure font size is not too small
background  Trainer/Assessor should refer to the
 Limited study student’s experience
skills  Ensure that the time available to complete the
assessment takes account of the student’s needs
 Provision of information or course materials in
accessible format.
 Changes in teaching practices, e.g. wearing an FM
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microphone to enable a student to hear lectures
 Supply of specialised equipment or services, e.g. a
note-taker for a student who cannot write
 Changes in lecture schedules and arrangements,
e.g. relocating classes to an accessible venue
 Changes to course design, e.g. substituting an
assessment task
 Modifications to physical environment, e.g.
installing lever taps, building ramps, installing a lift
  Reading  Discuss with the Student previous learning
Educational  Writing experience
backgroun  Numeracy  Ensure learning and assessment methods meet the
d
 Limited study student’s individual need
skills and/or
learning strategies
  Speaking  Identify the issues
Disability  Reading  Create a climate of support
 Writing  Ensure access to support that the student has
 Numeracy agreed to
 Limited study  Appropriately structure the assessment
skills and/or  Provide information or course materials in
learning strategies accessible format, e.g. a textbook in braille
note- taker for a student who cannot write
assessment task
Explanation of reasonable adjustments strategy used (If required)
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Unit Assessment Task (UAT)

Assessment Task 1 - Unit Knowledge Test (UKT)
Assessment type:
 Written Questions
Assessment task description:

 This is the first (1) unit assessment task you must successfully complete to be
deemed competent in this unit of competency.
 The Unit Knowledge Test is comprised of Twenty-seven (27) written questions.
 You must respond to all questions and submit them to your Trainer/Assessor.
 You must answer all questions to the required level, e.g. provide the number of
points, to be deemed satisfactory in this task.
 You will receive your feedback within two weeks - you will be notified by your
Trainer/Assessor when results are available.
Applicable conditions:
 This knowledge test is untimed and are conducted as open book tests (this means
you are able to refer to your textbook during the test).
 You must read and respond to all questions.
 You may handwrite/use computers to answer the questions.
 You must complete the task independently.
 No marks or grades are allocated for this assessment task. The outcome of the task
will be Satisfactory or Not Satisfactory.
 As you complete this assessment task you are predominately demonstrating your
written skills and knowledge to your trainer/assessor.
 The trainer/assessor may ask you relevant questions on this assessment task to
ensure that this is your own work.
Resubmissions and reattempts:

 Where a student’s answers are deemed not satisfactory after the first attempt, a
resubmission attempt will be allowed.
 You must speak to your Trainer/Assessor if you have any difficulty in completing this
task and require reasonable adjustments (e.g. can be given as an oral assessment).
 For more information, please refer to your RTO Student Handbook.
Location:
 This assessment task may be completed in a learning management system (i.e.
Moodle) or independent learning environment.
 Your trainer/assessor will provide you further information regarding the location for
completing this assessment task.
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Instructions for answering written questions:

 Complete a written assessment consisting of a series of questions.
 You will be required to correctly answer all the questions.
 Do not start answering questions without understanding what is required from you.
Read the questions carefully and critically analyse them for a few seconds, this will
help you to identify what is really needed.
 Your answers must demonstrate an understanding and application of relevant
concepts, critical thinking, and good writing skills.
 Be concise to the point and write answers according to the given word-limit to each
question and do not provide irrelevant information. Be careful, quantity is not
quality.
 Be careful to use non-discriminatory language. The language used should not
devalue, demean, or exclude individuals or groups on the basis of attributes such as
gender, disability, culture, race, religion, sexual preference or age. Gender inclusive
language should be used.
 When you quote, paraphrase, summarise or copy information from the sources you
are using to write your answers/research your work, you must always acknowledge
the source.
How your trainer/assessor will assess your work?

 This assessment task requires the student to answer all the questions.
 Answers must demonstrate the student’s understanding and knowledge of the unit.
 If all assessment tasks are deemed Satisfactory (S), then the unit outcome is
Competent (C).
 If at least one of the assessment task is deemed Not Satisfactory (NS), then the unit
outcome is Not Yet Competent (NYC).
 Once all assessment tasks allocated to this Unit of Competency have been
undertaken, trainer/assessor will complete an Assessment plan to record the unit
outcome. The outcome will be either Competent (C) or Not Yet Competent (NYC).
 The “Assessment Plan” is available with the Unit Assessment Pack (UAP) – Cover
Sheet.
Purpose of the assessment task:
This assessment task is designed to evaluate your Knowledge for the following:
 Knowledge to supervise staff members, construction cost and preparation of
accurate project schedules according to the provided guidelines.
 Knowledge to put cost into the cost centers and understand the contract
requirements.
 Knowledge to access the risk assessment and how cost estimate is compared with
estimating the risk.
 Knowledge to understand the relevant codes, standards and legislative requirements
applicable for the project.
 Knowledge to understand the critical financial phases of project, cash flows etc.
 Skills to prepare the interim payment claims and rise and fall claims for contractors
and sub-contractors.
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 Knowledge to prepare cost variation statement, monitor the cash flow and payments
using time and cost risk.
 Knowledge to understand expenditure evaluations methods, financial principles,
project financial processes and time lines.
 Knowledge to prepare interim payment claims and rise and fall calculations are
prepared for the contractor and subcontractors.
 Knowledge to project S-curve to show cash flow and resource control and prepare
and compare cash flow and payments using time risk and cost risk.
 Knowledge to calculate pessimistic overdraft requirements and compare pessimistic
or optimistic outcomes of the cash flow.
 Knowledge to monitor cash flow and creditor payment on daily basis.
 Knowledge to compare actual cost with the budgeted cost and identify the reasons
for any cost variations.
 Knowledge to take remedial action and record as necessary to retain contract
financial compliance.
 Knowledge to understand the relevant codes, standards and legislative
requirements, expenditure schedules, critical financial phases of project
 Knowledge to prepare cost benefit analysis, statement showing comparison between
actual and estimated cost.
 Knowledge to observe the cost over runs, saving on labour, material supplied and
sub-contractor payments according to the provided guidelines.
 Knowledge to check performance or efficiency of plant and machinery working at
project.
Assessment Task 1 - Unit Knowledge Test (UKT)
Instructions:
 This is an individual assessment.
 The purpose of this assessment task is to understand and monitoring the costing
system on medium rise building and construction projects.
 To make full and satisfactory responses you should consult a range of learning
resources, other information such as handouts and textbooks, learners’ resources
and slides.
 All questions must be answered in order to gain competency for this assessment.
 You may attach a separate sheet if required.
 You must include the following particulars in the footer section of each page of the
attached sheets:
o Student ID or Student Name
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o Unit ID or Unit Code
o Course ID or Course Code
o Trainer and assessor name
o Page numbers
 You must staple the loose sheets together along with the cover page.
 You must attach the loose sheets chronologically as per the page numbers.
 Correction fluid and tape are not permitted. Please do any corrections by striking
through the incorrect words with one or two lines and rewriting the correct words.
Resources required to complete the assessment task:
 Computer
 Internet
 MS Word
 Printer or e-printer
 Adobe acrobat/reader
 Learning management system
Questions:
Question 1: When supervising staff members in identification of building/construction costs,

what key factors must be considered? Explain in 50-100 words?
While the construction cost is the single largest component of the capital cost, other
cost components are not trivial for design experts and construction managers to
understand. Land acquisition fees, for example, are a substantial outlay for building
construction in densely populated locations, and construction financing costs can
approach the same order of magnitude as construction costs in huge projects like
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nuclear power plant construction.
In order to examine life cycle costs, it is extremely important for the owner to estimate
the related operation and maintenance expenses of each alternative for a proposed
facility.
Question 2: Answer the following questions related to cost estimates:
a. What do you understand by the ‘cost estimates’ of a construction project? Write

your answer in 30-50 words
b. How would you translate the cost estimates into cost centres appropriate to contract
requirements? Write your answer in 50-100 words.
a. A cost estimate is the service provider's best guess about how much the job will
cost. The goal of cost estimation is to anticipate the quantity, cost, and price of
resources needed to finish a job within the project scope.
b. A simple way to translate a cost estimate into cost-centres is that the cost
estimate is broken into number of components that can then be compared with
later estimates or with actual costs as project progresses.
In applying this approach each element or item is treated as a distinct cost centre,
although money can be still transferred between elements if a reasonable balance
between elements is maintained and the overall target budget is maintained. The
project manager can control costs by instituting ongoing reviews of estimates for each
cost centre against its target budget.
The WBS used in scheduling should address the entire project scope and contract
requirements. To be consistent in addressing the cost, risk and resource aspects, the
WBS should be integrated to meet time, cost and responsibility commitments. WBS can
from the foundation for all subsequent planning and can extend several steps by
incorporating the multiple subcontractor and many contract requirements for proper
administration and execution of construction works.
Question 3: Answer the following:
a. What is a ‘cost-centre’? Answer in 50-100 words.

b. List the twelve (12) cost centres commonly related to a construction project.
a. A cost centre is a department or function within a company that does not

immediately contribute to profits but nevertheless costs money to run. Cost
centre managers, such as those in human resources and accounting, are
accountable for keeping costs on track or below budget.
b. Design work
Drawing office work
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Major mechanical equipment
Major electrical equipment
Miscellaneous minor mechanical equipment
Miscellaneous minor electrical equipment
Civil work
Structural work
Construction plant and equipment
Site installation work
Insurance, freight and duty
Variations and extras
Question 4: Answer the following questions in 50-100 words each:
a. What do you understand by the term ‘hazard’, ‘risk’ and ‘risk assessment’?
b. What are the main steps involved in the process of risk assessment?
a. Hazard - Anything that has the potential to cause harm, such as injury, sickness,
death, environmental, property, and equipment damage (for example, a
condition, circumstance, practise, or behaviour). A hazard might be a physical
object or a social setting.
Risk - The likelihood of harm (injury, illness, death, damage, etc.) occuring as a
result of exposure to a danger.
Risk assessment - The process of assessing the risks associated with each of the
hazards indicated in order to determine the nature of the risk. This comprises
the type of harm that could be caused by the hazard, its severity, and the
possibility of it happening.
b. Determine the hazards.

Identify who might be affected and how they might be harmed.
Assess the hazards and make a decision on control strategies.
Keep a journal of the observations.
examine the risk analysis
Question 5: Describe the following related to medium-rise building construction projects in

Australia:
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 Australian Standard
 Codes of practice and
 Legislation applicable
Answer in one/two sentences each.
a. The Australian Standards and the Building Code of Australia are a nationwide set
of technical criteria for the design, structure, and performance of the building, as
well as sewerage and electrical systems.
b. A code of construction practise (CoCP) outlines the rules and procedures that
must be followed by a developer or contractor in order to minimise the potential
environmental impacts of building projects.
c. Regulations for Construction (Design and Management) 2015. COSHH (Control of
Substances Hazardous to Health) Regulations were implemented in 2002.
Regulations on Health and Safety (Consultation with Employees) 1996. The 1974
Health and Safety at Work Act (amendment)
Question 6: For a medium rise building construction project:

a. List the five (5) main schedules of project expenditure.
b. What steps shall be taken to prepare schedules of project expenditure?
Answer in 30-50 words.
a. Project Initiation and Conception.

Project Planning and Definition.
Project Execution and Launch.
Project Performance.
Project Close.
b. The following items should be included in the project schedule at a minimum:

Every activity. The project's anticipated commencement date. Each activity has a
set start date.
Define Your Tasks (work elements)
Arrange the activities in a specific order.
Estimate the amount of time and resources required for each activity.
Calculate the duration of the activity.
Question 7: What are the three (3) basic steps in preparation of expenditure schedule?
To prepare a project budget, follow these three stages.

The steps are as follows:
1) Estimate expected costs,
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2) Justify the budget outline, and
3) Make sure the budget is cost-effective.
Along with budget and cost estimation, sensitivity analysis is recommended, which aids
in the creation of a simulation of the proposed cost-related assumptions and limitations
in order to detect and assess their impact on the final conclusion. Budgeting for a
project is a difficult task. It entails a series of evaluations to ensure that cost estimates
and budgeted resources are in line with the project's goals and objectives.
Question 8: What do you understand by the term “interim payment claims”? Provide your
answer in 100-150 words
An intermediate payment is a one-time payment made to meet a pressing necessity. It's

a lump sum payment made to a claimant from the total amount of compensation they'll
get at the conclusion of their personal injury case. Interim payments are typically
reserved for catastrophic injury claims, such as brain injury, spinal injury, significant
medical injury, and mesothelioma cases. This is because major injury lawsuits can take
months, if not years, to resolve, and during that time the injured party may require
monies to aid their recuperation or relieve their family's financial burden.
Question 9: What is the ‘rise and fall’ clause of a construction contract and what are the
effects of changes in price occurring through rise and fall clauses? Answer in 100-150 words.
The lump sum agreement is the most common type of construction contract. A lump
sum contract means the builder has a set price for completing the project. This sort of
contract may be for a fixed or firm sum, with no provision in the agreement for price
modification due to cost fluctuation. A 'rise and fall' agreement is an alternative to a
lump sum contract. During construction, a rise and fall contract allows for variations in
labour, material, and other expenses. Although a contract may include provisions to
protect against cost rises, protection clauses are usually limited when a rise and fall
agreement is written.

a) What is an ‘S-curve’? Answer in 50-100 words.
b) List the three (3) types of S-curves applicable to a construction project.
a. An s-curve is a mathematical graph in project management that plots relevant
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cumulative data for a project, such as cost or man-hours, versus time. In project
management, an s-curve is commonly used to track the development of a
project. S-curves are used to show how a project is progressing over time. They
plot either cumulative work or expenditures over time, based on person-hours.
The name comes from the fact that data frequently takes the shape of an S, with
slower progress at the start and finish of a project.
b. Target S-curve.
Costs versus Time S-curve.
Value and Percentage S-curves.
Baseline S-curve.
Question 11: Explain in 30-50 words each, the following key attributes of the Triple
Constraint:
a. Time
b. Cost
a. Time:
The schedule is the expected amount of time given to complete the project or
produce the deliverable at its most basic level. Typically, this is determined by
first listing all of the tasks required to complete the project from beginning to
end.
The overall project aim is broken down into a number of more achievable tasks
using a Work Breakdown Structure (WBS). After that, the jobs are prioritised,
dependencies are linked, and a timeline is created.
b. Cost:
The project's financial commitment is determined by a number of factors. There
are resources to consider, ranging from goods to people, as well as labour costs.
Other external factors can have an impact on a project's cost, which must be
factored into the estimate.
Question 12: Describe the steps involved in preparation of cash flow projections. Answer in
50-100 words.
Determine how far ahead of time you want to plan. Cash flow forecasting might range
from a few weeks to several months.
Make a list of all of your earnings. List all of the money you have coming in for each
week or month in your cash flow projection.
Make a list of all your expenses.
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Calculate your current cash flow.
Question 13: How would you compare the cash flow for pessimistic or optimistic outcomes?
Cash flow is calculated based on the percent growth in revenue and the predicted end
market value in the optimistic scenario. As a result, the DCF's optimistic scenario will
calculate the greatest land value, which is above market value. The gloomy scenario
includes a percent decline in rental revenue as well as an estimated end market value.
As a result, the pessimistic scenario will result in the lowest value, which will be below
market value. Some appraisers integrate a number of scenario variables, including as
purchase price, rental income, and final market value. This, however, can lead to
circumstances that are exceedingly rare and result in extreme numbers.
Question 14: What do you understand by ‘overdraft facility’? When does the requirement of
overdraft arise? Answer in 50-100 words.
An overdraft is a financial facility or instrument that allows you to withdraw money

from your bank account (savings or current) even though there is no money in it. To get
an overdraft limit, you usually have to pay a predetermined interest rate. When there
isn't enough money in an account to fund a transaction or withdrawal, but the bank
approves it regardless, it's called an overdraft. In essence, it's a financial institution's
extension of credit given when a customer's account balance reaches zero.
Question 15: How would you monitor cash flow and creditor payments on daily basis?
Calendar for Accounts Receivable.

Create an accounts receivable calendar. You have definite dates when consumers'
payments are due if you give them a predetermined number of days to pay.
Schedule Expenses.
Rather than purchasing equipment and supplies as soon as a need arises, spread out your
purchases. Because you have a plan, you can keep track of your expenses; if you try to list
them retroactively, you'll wind up tracking them after the fact.
Match Inventory to Sales.
Examine your sales to determine which inventory goods are the most popular. This allows
you to keep track of high-selling things so you know when to buy them, as well as low-
selling items so you don't have to order more.
Use Cash Flow Projections.
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Begin by having cash on hand. Include the sums owed by consumers on specific dates.
Subtract anticipated expenses. After you've made a projection, compare it to your actual
cash flow.

a. Describe the following terms in one-two sentences
 Budget cost
 Actual cost
b. What is the purpose of making comparison between the budget cost and actual
cost? Answer in 50-100 words.
a. Budget cost - A planned cost is an estimated future expense that the company
anticipates incurring. In other words, it's a projected cost that management
expects to incur in the future based on projected revenues and sales.
Actual cost - The actual cost of acquiring an asset comprises the supplier-
invoiced charge as well as the costs of delivery, setup, and testing the
equipment. This is the cost of an asset when it is first recognised as a fixed asset
in the financial accounts.
b. For small firms, creating a budget vs. real comparison is critical because it helps
them to adjust future financial forecasts based on the data collected in monthly
reports. Budget analysis, in a nutshell, entails scrutinising the specifics of a
financial budget. Budget analysis is used to learn about and improve how money
is spent and handled. This form of examination guarantees that organisations
make the most efficient use of all available funds in order to achieve their overall
objectives.
Question 17: Identify the six (6) main type of documents which are required to complete a
final cost report of a construction project.
Estimates for screening (or order of magnitude estimates).

Estimates preliminary (or conceptual estimates).
Estimates in great detail (or definitive estimates).
Estimates from an engineer based on drawings and specifications.
Quotations from subcontractors.
Takeoffs in large numbers.
Question 18: Answer the following questions related to cost variance:

a. What do you understand by cost-variance? Answer in one/two sentences.
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b. What steps are involved in identification of cost variance? Answer in 50-100 words.
a. The practise of reviewing your project's financial performance is known as cost

variance. The cost variation is the difference between the budget you set before
the project started and what you actually spent. The difference between BCWP
(Budgeted Cost of Work Performed) and ACWP (Actual Cost of Work Performed)
is used to compute this (Actual Cost of Work Performed).
b. Variance analysis in project management aids in the control of a project's
spending by comparing projected and actual costs. Effective variance analysis
can aid a company's short- and long-term success by identifying trends,
concerns, opportunities, and threats.
Earned Value (EV) – Actual Cost = Cost Variance (CV) (AC).
To discover differences between the cost baseline and actual project
performance, variance analyses can be performed by comparing projected
activity costs to actual activity costs.
Question 19: Answer the following questions related to risk context:

a. What is the purpose of risk context in developing a risk management strategy?
Explain in 30-50 words.
b. List the steps of creating risk context.
a. Setting the context establishes the scope of the risk management process and
the criteria by which the risks will be evaluated. The scope should be chosen in
light of the company's organisational goals. Establishing context is critical to
managing organisational risk because it allows an organisation to assess each
risk in the context of its own extraordinary situations. Establishing context also
aids an organisation in deciding on the appropriate course of action for dealing
with the threats.
b. Establish the context.
Risk identification.
Risk analysis.
Evaluation.
Risk treatment.
Communication and consultation.
Monitoring and review.
Question 20: What type of information is contained in the final cost report of a construction
project? List any six (6).
The costs incurred on the project up to the date of the report are frequently included in
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the contents of a cost report.
Risk allowances or contingencies are based on the possibility of unforeseen events.
The costs incurred on the project up to the date of the report are frequently included in
the contents of a cost report.
A projection of expected costs for the remainder of the project, which may be updated
using CPI or TCPI measures.
cost-benefit analyses of overtime payments.
detailed summaries of actual costs against estimates.
details of cost over-runs and savings on labour and contracting out.
Question 21: Answer the following questions related to cost estimate:

a. What is a definitive cost estimate? Explain in 50-100 words.
b. What is the accepted level of variation between projected cost and final cost?
Explain in 30-50 words.
a. The most accurate estimate of the amount of effort and resources required to
execute the project is the definitive estimate. They are estimations with a "+ or –
20%" degree of accuracy. When you have a complete scope of work, you can
acquire a firm quotation. This method is employed during the planning stage.
b. For starters, the permitted range of fluctuation between planned and final costs
is typically -10% to +10%. When a corporation or client seeks a firm estimate,
there is frequently less tolerance for error than when they accept ROM price.
Question 22: Identify and list the eight (8) major components of costs that incurred during a
building or construction project.
Acquisition of land, as well as its assembly, holding, and improvement.

Studies of feasibility and planning
Design for architecture and engineering.
Materials, equipment, and labour are all part of the construction process.
Construction inspection on the ground.
Construction loans are available.
During building, insurance and taxes are required.
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Overhead for the owner's general office.
Construction does not include equipment or furnishings.
Inspection and testing are both required.

a. Explain in 30-50 words each, the term estimate and budget.
b. What is the difference between estimate and budget? Write your answer in 30-50
words.
a. An estimate for any construction project is the process of determining the

quantities and costs of the various elements necessary for the project. Before
beginning any work, the builder's owner should have a clear understanding of
the scope of the project.
The construction budget is the sum of money set aside for a particular
construction or remodelling project. Construction budgets are used to plan for
all expenditures and expenses associated with the construction process. A
budget is frequently kept track of using a spreadsheet or a form.
b. An estimate is a rough estimate of how much your project (or a portion of it) will
cost. The budget specifies how much money you are permitted to spend. The
budget offers definite edges, whereas the estimate provides a guideline.
The estimated cost is the estimated or likely cost of the task, and it is normally
prepared before the work begins. The real cost is the cost that is only known
after the work has been done and is deducted from the account of the
completed task.

a. What is the Work Breakdown Structure (WBS)? Answer in one-two sentences.
b. What is the usage of WBS in monitoring the process of cost-control of a construction
project? Write your answer in 100-150 words.
Essentially, a work breakdown structure allows you to look at your project from the top
down and break it down into the tasks and subtasks that will get you there. It's a useful
tool for defining a thorough cost or time estimate and providing assistance for
developing and controlling a timetable. Project managers can plan their work more
efficiently using a work breakdown structure (WBS). A project is defined by time-limited
activities and has a set of time and expense constraints. The WBS aids in the consistency
of this planning and ensures that the project is executed efficiently.
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Question 25: Answer the following questions:
a. List the four (4) main factors which may cause delays on a construction project?
b. Out of these four (4) factors, which is the most significant factor that causes delay in
construction projects?
The findings revealed that designers, user changes, weather, site circumstances, late
delivery, economic conditions, and an increase in quantity are the main reasons of
delays in public project construction.
The following were the most significant factors: (1) design changes; (2) poor worker
productivity; (3) insufficient planning; and (4) resource shortages.
Question 26: Define the following terms for a construction project:
 Financial processes
 Timeline
Finance processes is a long-term strategy of funding significant infrastructure and

industrial projects that relies on the predicted cash flow of the completed project rather
than the investors' own funds.
The total number of days a project will be in effect is referred to as the project timeline.
Question 27: Under Building Services (Registration) Act 2011 of Western Australia (WA),
what are the licensing requirements to perform building work? Answer in 100 -150 words.
After completing all of the forms, you must submit them to your local Service NSW
centre along with the required supporting documentation:
- Identification proof.
- A proof of address is required.
- Documentation to back up your claims.
— One photo the size of a passport
— Information about your work and experience.
- Information about previous or current licences.
– Information about any previous criminal offences, if any.
– A referee's declaration (referee must be a licenced supervisor).
– an application fee (which varies based on the type of builder's licence).
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Unit Assessment Result Sheet (UARS)

Assessment Task 1 – Unit Knowledge Test (UKT)
Outcome of Unit First attempt:
Assessment Task
(UAT) Outcome (please make sure to tick the correct checkbox):
Satisfactory (S) ☐ or Not Satisfactory (NS) ☐
Date: _______(day)/ _______(month)/ ____________(year)

Second attempt:
Outcome (please make sure to tick the correct checkbox):

Feedback to Student First attempt:
Second attempt:
Student Declaration  I declare that the answers I have provided are my own
work. Where I have accessed information from other
sources, I have provided references and or links to my
sources.
 I have kept a copy of all relevant notes and reference
material that I used as part of my submission.
 I have provided references for all sources where the
information is not my own. I understand the
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consequences of falsifying documentation and
plagiarism. I understand how the assessment is
structured. I accept that all work I submit must be
verifiable as my own.
 I understand that if I disagree with the assessment
outcome, I can appeal the assessment process, and
either re-submit additional evidence undertake gap
training and or have my submission re-assessed.
 All appeal options have been explained to me.
Student Signature
Date
Trainer/Assessor
Name
Trainer/Assessor I hold:
Declaration  Vocational competencies at least to the level being delivered
 Current relevant industry skills
 Current knowledge and skills in VET, and undertake
 Ongoing professional development in VET
I declare that I have conducted an assessment of this
candidate’s submission. The assessment tasks were deemed
current, sufficient, valid and reliable. I declare that I have
conducted a fair, valid, reliable, and flexible assessment. I have
provided feedback to the above-named candidate.
Trainer/Assessor
Signature
Date
Office Use Only Outcome of Assessment has been entered onto the Student
Management System on _________________ (insert date)
by (insert Name) __________________________________

UAT 2 – Role Play
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how.
department.

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Backgroun  Cultural  Use methods that do not require a higher level of
d background language or literacy than is required to perform the
understanding
or to support, text
knowledge.
accessible format.
assessment task
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d  Limited study student’s individual need
skills and/or
learning strategies
skills and/or  Provide information or course materials in
learning strategies accessible format, e.g. a text book in braille
note taker for a student who cannot write
assessment task

Assessment Task 4 – Role Play
Assessment type:
Page | 31
 Perform a Role Play of cost control manager

 This is the second (2) unit assessment task you must successfully complete to be
deemed competent in this unit of competency.
 This assessment task is comprised of a role play to be completed in front of your
trainer/assessor.
 The premise of the role play must be closely related to the given scenario.
Trainer/Assessor when results are available.
 This role play test is timed.
 Time allowed to deliver the presentation is 15-20 minutes.
 Time allowed to develop required resources for presentation is 3 weeks prior to the
presentation.
 Electronic devices are allowed during this assessment task.
practical skills, techniques and knowledge to your trainer/assessor.
 Trainer/Assessor may ask you relevant questions during this assessment task.

Location:
 This assessment task may be completed in a learning management system (i.e.
Moodle etc.) or independent learning environment.
 Your trainer/assessor will provide you further information regarding the location of
General Instructions for attempting the skills test:

 You must not cut and paste chunk of text on the presentation slides however you are
advised to write down the keywords and important phrases to help you to deliver
the presentation.
 You must not read the presentation word-by-word and should use the presentation
for reference purpose only.
 You must explain the topics appropriately.
 Your tone, gestures, body language has to be according to the role you are
portraying.
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 You will be required to correctly discuss all topics appropriately in easy-to-
understand, slang and abbreviation free language, friendly yet professional manner
for this assessment task.
Information about role play:

 Please note that the task includes participation in the role play.
 The aim of the task is to deliver a role play and supervise the identification and
classification of project costs.
 This type of learning provides a controlled environment in which role players can
practice skills, roles and processes.
 In addition to preparing your own role play, learning is reinforced by observing other
team members and offering comments and constructive feedback.
 This role play focuses on the elements and performance criteria for the unit of
competence, which is available on the training package website
http://training.gov.au.
 You have to present your role play to your trainer/assessor on the due date.
 Reasonable adjustment will be allowed for those candidates who are eligible to
receive it.
 Please read through the instructions and assessment information carefully, prior to
commencing the tasks.

 This assessment task requires the student to participate in a role play and supervise
the identification and classification of project costs.
 Role play must demonstrate the student’s understanding and skills of the unit.
 Student need to be briefed on the role play a minimum of 3 weeks prior to the due
date as set out in the delivery and assessment guide for this unit.
 A copy of the observation checklist (found in the Assessment Guide) in relation to
this unit must be made available to students a minimum of three weeks prior to the
assessment.
 Your assessor will provide you with initial oral feedback in class, after the role play by
yourself and others. This may take the form of individual feedback, if time allows, or
it may be incorporated in observations of a general nature in the debriefing exercise
following the role play. Written feedback incorporating the feedback on your
individual role play and preparatory work will be provided within two weeks from
the due date of your assessment.
 Your assessor will use an observation checklist/observation guide and provide
written feedback indicating whether your role play and related preparatory work is
satisfactory or not satisfactory.
 A copy of the observation checklist will be made available to students with this role
play task, a minimum of three weeks prior to the assessment.
Competent (C).
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Sheet.
This assessment task is designed to evaluate student’s following skills and abilities:
 Skills to identify the building construction cost, accurate estimates and preparation
of accurate project schedules according to the provided guidelines.
 Skills to put cost into the cost centers and understand the contract requirements.
 Skills to access the risk assessment and prepare the risk estimate/cost.
 Skills to understand the relevant codes, standards and legislative requirements
applicable for the project.
 Skills to prepare the interim payment claims, rise and fall claims, cash flow
statements, s curve etc.
 Skills to read and interpret documents from a variety of sources, use and interpret
nonverbal communications
 Skills to answer the questions asked by the audience/trainer and assessor.
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Assessment Task 2 – Unit skills test (Role Play)
Assessment Instructions
 You are required to deliver a role play and supervise the identification and
classification of project costs.
 Your assessor will assess your work according to the given performance criteria/
performance checklist.
 You must include the following in the footer section of each page of the attached
sheets:
o Page numbers
 Computer
 Internet
 MS Word
Role Play Task:
In this skill assessment task, Student will assume the role of Cost Control Manager on a
construction project.
This role play task involves discussion between the cost-control manager (Student) and the
other staff members (Co students) including project manager (the trainer) of the project.
During the role-play, the Cost Control Manager (CCM) will conduct a meeting with staff
members and project manager. In the meeting, Cost Control Manager (CCM) will ask other
staff members about identification of construction costs and cost centres and discuss the
estimate prepared with Project Manager.
The scenario of the project involves:
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 The project is being executed for a renowned developer (the Client).
 The project involves class 2 building (a 3-storey apartment complex on 800m2
block of land in a built-up residential area of Perth, Western Australia.
o Ground floor (level-1) is designated for car parking and Level-2 to level-3
will have three apartments on each floor (two 3-Bedroom apartments
and one 2-Bedroom apartment).
o The Project schedule is prepared using advance software. In this
schedule, the project is duration is 6 months and divided into 2 parts.
1. Structural works
2. Finishing works.
 The structure works includes Reinforcement, Formwork and Concrete and steel.
 Finishing works includes brickwork, painting, wood work, timber work etc.
 Bill of Quantities (BOQ) is given in contract agreement but 100% scope of works
is not clear.
 Relevant Codes of practices, standards and legislative requirements complied.
Refer link http://www.australia.gov.au/information-and-services/business-
and-industry/building-and-construction-industry
CONSTRUCTION SCHEDULE
Duration
Task Name Start Finish
(Days)
3 Storey Apartment Complex 183 August 1, 2017 January 31, 2018
Project Commencement 0 days
Structural Works 91 August 1, 2017 October 31, 2017
Excavation Works 14 August 1, 2017 August 15, 2017
PCC 12 August 8, 2017 August 20, 2017
Foundation 16 August 14, 2017 August 30, 2017
1st Slab 20 August 31, 2017 September 20, 2017
2nd Slab 19 September 21, 2017 October 10, 2017
3rd Slab (Last Slab) 21 October 10, 2017 October 31, 2017
Finishing Works 92 October 31, 2017 January 31, 2018
Brickwork/Plaster 30 October 31, 2017 November 30, 2017
Flooring 15 November 30, 2017 December 15, 2017
Wood Work/Timber Work 15 December 15, 2017 December 30, 2017
Final Paint and Handover 31 December 31, 2017 January 31, 2018
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The client has awarded this contract to your company for AUD 10.0million. The value of
structural works is AUD 6.0 Million and Finishing part value is 4.0 Million. Architectural and
Engineering design has been completed. Detailed breakup is given below-:
Tender Cost Breakup of the Project

S. UO Quantit Value in Millions
Cost Heads
No. M y (AUD)
Structural Works
1 Excavation Cum 3000 0.80
2 Backfilling Cum 1000 0.50
3 Concreting Cum 1200 1.60
4 Formwork Sqm 8000 1.10
5 Reinforcement MT 360 2.00
Finishing
1 Brickwork Cum 500 0.50
2 Plaster Sqm 2000 0.20
3 Flooring Sqm 2400 1.00
4 Woodwork LS 1 0.80
5 Painting Sqm 5000 1.50
TOTAL 10.00
Ten Million AUD
During the role play, Cost Control Manager (Student) must perform the following-:
RP1.1 The Cost Control Manager (CCM) will give a detailed description of the project
outlined above and engage in discussion with the staff members and supervise the staff
members in identification of building or construction cost.
RP1.2. Identify and translate the definitive cost estimates from the above given scenario and
translate the correct cost centres.
RP1.3. Identify definitive cost estimate
a. Understand the scope of works (SoW).

b. Understand the contract requirements.
c. Define cost centres appropriate to contract requirement and incorporate into
planned project network.
In a construction project, a number of activities will get executed. Means that some cost
Page | 37
will be incurred while execution of any activities. That cost of that specific activity will be
loaded into that appropriate head/cost centre defined.
Let us take an example of an activity which is being executed at project. “Concreting of a

slab” and in schedule that activity is defined under a cost centre named “Structural
Work”.
You have planned the project cost network in that way if any activity related to structural
work will get executed at site then the cost against that activity will be loaded to
“structural work” cost centre.
RP 1.4. Assess the risk in above mentioned project. Work out the estimated cost from
estimated risk.
RP1.5. Ensure 100% compliances with the codes of practices, standards and legislative
requirements.
Ensure that whilst performing the role-play discussions, the communication shall be:
 Clear and direct.
 Provide requirements, share information, listen and understand.
 The language of communication shall be respectful and show due consideration
towards the cultural difference or English accent.
 Use non-verbal communications such as: facial expressions, gestures, eye contact,
posture, and tone of voice.
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Your task must address the following performance criteria/ performance checklist.
S N/S Trainer/Assessor to complete

To be assessed as satisfactory (S) in this
(Comment and feedback to students)
assessment task the participant needs to
demonstrate competency in the following
critical aspects of evidence
a) Successfully supervised the staff  
members and identified the
construction costs and accurate
estimates are made from project
schedules
b) Successfully defined the cost estimates  
and translated into correct cost centres
appropriate to contract requirements
c) Identified cost centres correctly and  

incorporated into a planned project cost
network.
d) Clearly undertook risk assessment and  

compaerd estimated cost with
estimated risk
e) Ensured the compliance with relevant  

codes of practice, standards and
legislative requirements
a) Appropriate and professional body  

language, gestures and tone
b) Accounting Skills to identify cost  

centres and monitoring the cash flow
c) Successfully supervised the staff  

members and identified the
construction costs and accurate
estimates are made from project
schedules
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Assessment Task 2 – Unit skills test (Role Play)
Assessment Task

Second attempt:

Second attempt:
sources.
Page | 40
Student Signature
Date
Trainer/Assessor
Name
Trainer/Assessor
Signature
Date
by (insert Name) __________________________________
UAT 3 – Unit Project (UP)
how.
Page | 41
department.
Page | 42
Backgroun
d
understanding
or to support, text
knowledge.
accessible format.
Page | 43
assessment task
d
skills and/or
learning strategies
skills and/or  provision of information or course materials in
assessment task
Page | 44

Assessment Task 3 – Unit Project (UP)
Assessment type:
 Unit Project (UP) – Project report

 This is the third (3) assessment task you have to successfully complete to be deemed
competent in this unit of competency.
 This assessment task requires you to complete a project.
 You must to prepare a mid-term project cost report in order to successfully complete
this project.
trainer/assessor when results are available.
 You must attempt all activities of the project for your trainer/assessor to assess your
competency in this assessment task.
 This project is untimed and are conducted as open book tests (this means you are
able to refer to your textbook).
 You must read and respond to all criteria of the project.
 Word limit to complete the project report is 800-1000 words.
 You may handwrite/use computers to answer the criteria of the project.
 The trainer/assessor may ask you relevant questions on this assessment task to
ensure that this is your own work.

Location:
 This assessment task may be completed in an independent learning environment or
learning management system.
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General Instructions for attempting the project:
 This assessment task is in continuation to the previous task.
 You will prepare mid-term project cost report in this assessment task.
 You will be expanding the knowledge and skills acquired during the previous
assessment task.
 Instructions to complete the project report is provided within the assessment task.
 You will be required to correctly attempt all activities of this assessment task.

 This assessment task requires the student to successfully complete and submit a
project.
 Answers must demonstrate the student’s understanding and skills of the unit.
 You will be assessed according to the provided performance checklist/ performance
criteria.
 Assessment objectives/ measurable learning outcome(s) are attached as
performance checklist/ performance criteria with this assessment task to ensure that
you have successfully completed and submitted the assessment task.
Competent (C).
Sheet.
This assessment task is designed to evaluate your following skills and abilities:
 Skills to prepare project expenditure schedule in advance software such as
primavera etc. and S Curve etc.
 Skills to understand the critical financial phases of project, cash flows etc.
 Skills to prepare the interim payment claims and rise and fall claims for contractors
and sub-contractors.
 Skills to prepare cost variation statement, monitor the cash flow and payments using
time and cost risk.
 Skills to understand expenditure evaluations methods, financial principles, project
financial processes and time lines.
 Skills to prepare interim payment claims and rise and fall calculations are prepared
for the contractor and subcontractors.
 Skills to project S-curve to show cash flow and resource control and prepare and
compare cash flow and payments using time risk and cost risk.
 Skills to calculate pessimistic overdraft requirements and compare pessimistic or
optimistic outcomes of the cash flow.
 Skills to monitor cash flow and creditor payment on daily basis.
Page | 46
 Skills to compare actual cost with the budgeted costa and identify the reasons for
any cost variations.
 Skills to take remedial action and record as necessary to retain contract financial
compliance.
Assessment Task 3 - Unit Project (UP)

Instructions to complete this assessment task:
 Please write your responses in the template provided.
 You must include the following particulars in the footer section of each page of the
attached sheets:
o Page numbers
 The premise of the project must be closely related to the previous assessment task.
 This submission must be well presented and follow the guidelines and instructions
provided.
 Please follow the format as indicated in the template section below.
 One of the most important steps that you can take: proofread your project.
 Project report must of 800-100 words in length, using 11-point font, double-spaced,
and must include a cover page, table of contents, introduction, body, summary or
conclusion, and works cited.
 Appropriate citations are required.
 All RTO policies are in effect, including the plagiarism policy.

 Computer
 Internet
 MS Word
Page | 47
Project Task:
In continuation of the skill assessment task -2, The brief information about the project is
same. You are performing the same role of Construction Cost Manager working on a
construction project. You have prepared and discussed the cost estimate of the project with
the Project Manager of the project and afterwards management of the company. The
management of the company has understood and accepted the cost estimate.
Part A:
The management has requested you to prepare a Precedence diagram using Microsoft Excel
to establish Early Start/Early Finish, Late Start/Late Finish, and Float and identify the critical
path.
Your project will be done on 5 days a week and 15 days are to be kept as contingency
allowance for the project. The project is scheduled to start on 1 August 2017.
The construction schedule is given below.
CONSTRUCTION SCHEDULE
Duration
Task Name Start Finish
(Days)
3 Storey Apartment Complex 183 August 1, 2017 January 31, 2018
Project Commencement 0 days
Structural Works 91 August 1, 2017 October 31, 2017
Excavation Works 14 August 1, 2017 August 15, 2017
PCC 12 August 8, 2017 August 20, 2017
Foundation 16 August 14, 2017 August 30, 2017
1st Slab 20 August 31, 2017 September 20, 2017
2nd Slab 19 September 21, 2017 October 10, 2017
3rd Slab (Last Slab) 21 October 10, 2017 October 31, 2017
Finishing Works 92 October 31, 2017 January 31, 2018
Brickwork/Plaster 30 October 31, 2017 November 30, 2017
Flooring 15 November 30, 2017 December 15, 2017
Wood Work/Timber
15 December 15, 2017 December 30, 2017
Work
Final Paint and
31 December 31, 2017 January 31, 2018
Handover
Part B:
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Assume that the cost estimates have been approved and the project has initiated. The
project is in the implementation phase. 90 days of work has been completed. The
management of the company has requested you to prepare a mid-term cost review for the
project.
The draft cash flow summary and details are given below for reference-:
Cash Flow of the Project (As on Oct'17) in millions AUD
Net Cash
S. No Month In Flow (A) Out Flow (B) Flow (A) -
(B)
1 Aug-17 1.5 0.85 0.65
2 Sep-17 0.5 1.1 -0.6
3 Oct-17 0 1.02 -1.02
Total -0.97
Detailed Monthly Cash Flow Forecast Template

Month Aug- Nov- Dec-
17 Sep-17 Oct-17 17 17 Jan-18 Total
Receipt of Payment
Sales 1.5 0.5 0
Others
Total Receipt -(X) 1.5 0.5 0 2
Cost
Direct Cost
Labour Cost 0.1 0.15 0.1 0.35
Material Cost 0.2 0.25 0.15 0.6
Subcontractor Cost 0.25 0.28 0.1 0.63
Plant and Machinery Cost 0.05 0.1 0.1 0.25
Physical Stock 0.15 0.22 0 0.37
Others 0 0 0.5 0.5
Total Direct Cost (A) 0.75 1 0.95 2.7
Indirect Cost
Accounting, Insurance Interest, Bank Fees 0.05 0.05 0.05 0.15
Freight and postage, Insurance 0.02 0.01 0 0.03
Marketing and advertising 0 0 0 0
Motor vehicle expenses 0.01 0.01 0.02 0.04
Power, Repairs and maintenance 0.03 0.04 0.02 0.09
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Rent, Salaries and employee expenses 0.02 0.03 0.03 0.08
Stationery, Uniforms 0.01 0 0 0.01
Fax, Telephone 0.01 0.01 0 0.02
Others 0 0 0 0
Total Indirect Cost (B) 0.1 0.1 0.07 0.27
Total Cost (A) + (B) =(Y) 0.85 1.1 1.02 2.97
Net Cash Flow = (X)-(Y) 0.65 -0.6 -1.02 -0.97
During the construction of the project, you have faced the following issues -:
 You are preparing and submitting the interim payment claims to the client on
monthly basis and client also releases the payment on monthly basis for smooth
functioning of the project. Suddenly client stopped and delayed in releasing the
payment for 1 month.
 The price of material used in construction work has increase by 1% on average as
compared to the rates you have considered at time of preparing the cost estimate.
 Your project got delayed by 10 days as scope of works were not clear at time of
awarding the work.
 The price of reinforcement has increase by 10%.
Task:
The management has requested you to prepare a mid-term cost review for the project and
submit a project report to them. The management has also provided you to guidelines and
contents to be covered in the project report.
The report must include:
PR-1. Schedules of project expenditures:
a. Identify critical points and prepare draft schedules for project expenditure –
these schedules include:
 Consumables, such as fuel and lubricants, electric power and water.
 Materials Supplies, such as steel, cement, timber etc.
 Costs of pre-cast and on-site production of concrete components.
 Labour costs for various trades – plumbing, bricklayer, concreters etc.
b. Match expenditures to the cash flows.
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PR-2. Projected cash flows and payments – (Prepare S-curve)
a. Interim payment claims for the contractor/sub-contractors.

 Progress payments in for work completed
 Progress payments out for work undertaken
 Progress payments for supplies and materials
 Penalties
 Wages and salaries
 Insurances, including workers' compensation premiums.
b. Rise and fall calculations for the material/consumables whose market price has
changed from the award of the project to the time the purchase was actually
done. E.g. compare the price of reinforcement over the past three months.
c. Show projected cash flows using S-curves.
d. Calculate the risk and prepare pessimistic overdraft requirements.
e. Compare pessimistic and optimistic outcomes and incorporate the risk allowance
in cash flow.
PR-3. Continuous monitoring of expenditures
a. Methods used to monitor cash flow and creditor payments daily.

b. Compare the budget cost (after considering the issues specified) with the tender
cost and document the variations e.g. the cost of reinforcement has increased.
c. Calculate the sum of variations from rise and fall clause calculation. Advise the
management of the variations.
d. Analyse cost variations and document the reason that led to these variations.
e. Remedial action for financial compliance
f. Comparison showing budgeted cost and actual cost.
g. Remedial actions to eliminate variances.
Page | 51
Report on Mid term project cost report
A cover sheet of the unit of competency

Version control information
Disclaimer and Acknowledgement
An introduction about the project
List of symbols and their explanations
Table of contents
Main body of the report covering following Topics in appropriate details
PR-1. Schedules of project expenditures:
c. Critical points and schedules for project expenditure – these schedules include:
 Consumables, such as fuel and lubricants, electric power and water.
 Materials Supplies, such as steel, cement, timber etc.
 Costs of pre-cast and on-site production of concrete components.
 Labour costs for various trades – plumbing, bricklayer, concreters
etc.
d. Critical financial phases of a project – initiation, construction and completion
phases.
e. How the expenditure is matched to the cash flows.
PR-2. Projected cash flows and payments – (Prepare S-curve)
a. Interim payment claims for the contractor/sub-contractors.

 Progress payments in for work completed
 Progress payments out for work undertaken
 Progress payments for supplies and materials
 Penalties
 Wages and salaries
 Insurances, including workers' compensation premiums.
b. Rise and fall calculations for the material/consumables whose market price has
changed from the award of the project to the time the purchase was actually
done. E.g. compare the price of reinforcement over the past three months.
c. Show projected cash flows using S-curves.
d. Calculate the risk and prepare pessimistic overdraft requirements.
e. Compare pessimistic and optimistic outcomes and incorporate the risk allowance
in cash flow.
PR-3. Continuous monitoring of expenditures
a. Spreadsheets for Daily monitoring of cash flow and creditor

b. Preforming rise and fall calculation and advising on the price variation
c. Analysis of cost variation
d. Remedial action for financial compliance
Page | 52
e. Comparison showing budgeted cost and actual cost
f. Remedial actions to eliminate variances. Summary and review
Glossary
References
Page | 53
Your task must address the following performance criteria/ performance checklist.
S N/S Trainer/Assessor to complete

(Comment and feedback to students)
a) Documented the project  
expenditure schedule plan prepared
and identified the critical points.
b) Identified the critical phases of the  

project and accurately matched the
cash flow to the expenditure.
c) Effectively documented interim  

payment claims and rise and fall
calculations in S-curve
d) Projected S-curve effectively  

depicts cash flow and resource
control
e) Knowledge to project S Curve and  

Gantt Charts in right way
f) Accurately calculated the risk and  

prepare pessimistic overdraft
requirements
g) Successfully pessimistic and  
optimistic outcomes and
incorporate the risk allowance in
cash flow
h) Correct Format of spreadsheets  
using for monitoring and ability to
prepare the rise and fall claims
Page | 54
i) Effectively analysed the cost  
variations and remedial actions for
compliance
j) Precedence diagram using  

Microsoft Excel was prepared.

Assessment Task 3 – Unit Project (UP)
Page | 55
Assessment Task

Second attempt:

Second attempt:
sources.
Student Signature
Date
Trainer/Assessor
Page | 56
Name
Trainer/Assessor
Signature
Date
by (insert Name) __________________________________
UAT 4 – Unit Skills Test (UST)
how.
Page | 57
department.
Page | 58
Backgroun
d
understanding
or to support, text
knowledge.
accessible format.
Page | 59
assessment task
d
skills and/or
learning strategies
skills and/or  Provision of information or course materials in
assessment task
Page | 60

Assessment Task 4 – Unit Skills Test (UST)
Assessment Type:
Prepare Final Cost Report

 This is the fourth (4) unit assessment task you have to successfully prepare a final
cost report in this unit of competency.
 This assessment task is comprised of a preparation of final cost report to be
completed and submit to your trainer/assessor.
 Student is required to prepare a final cost report of a completed project in this
assessment task.
 Student must attempt all criteria to the required level, e.g. Assessment criteria
mentioned in the performance checklist to be deemed satisfactory in this task.
 This test is untimed and are conducted as open book tests (this means student can
refer to textbooks during the test).
 Word-limit for this assessment task is 600 - 800 words.
 You may handwrite/use computers to answer the questions.
 You must complete the task independently
 Trainer/Assessor may ask you relevant questions during this assessment task.

 Where your answers are deemed not satisfactory after the first attempt, a
Location:
 This assessment task may be completed in an independent learning environment,
workplace or learning management system.
Page | 61
General Instructions for attempting the skill test:

• You must correctly attempt all activities of this assessment task.
• You will develop a final cost report in this assessment task.
• Report should be based upon the work completed as part of Assessment tasks 2-3.
• Report must highlight the key areas of improvement and suggest corrective actions.
 Answers must demonstrate an understanding and application of relevant concepts,
critical thinking, and good writing skills.
 You must concise to the point and write answers according to the given word-limit to
each question and do not provide irrelevant information.
 You must not use non-discriminatory language. The language used should not
devalue, demean, or exclude individuals or groups on the basis of attributes such as
gender, disability, culture, race, religion, sexual preference or age. Gender inclusive
language should be used.
 Assessor should not accept answers copied directly from texts, paraphrased or
summarized information without acknowledgement of the source.

 Please note that this assessment task requires you to complete a final cost report.
 You have to submit the report to your trainer/assessor on the due date.
 Please read through the instructions and assessment information carefully, prior to
commencing the tasks.
 Yours Answers must demonstrate understanding and knowledge of the unit.
Competent (C).
Sheet.
 Reasonable adjustment will be allowed for those candidates who are eligible to
receive it.
This assessment task is designed to evaluate your following skills and abilities:
• Skills to prepare cost benefit analysis, statement showing comparison between
actual and estimated cost.
• Skills to observe the cost over runs, saving on labour, material supplied and sub-
contractor payments according to the provided guidelines.
• Skills to check performance or efficiency of plant and machinery working at project.
• Reading skills to collect, review, interpret/understand and analyse/review text-based
business information from a range/number of sources
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• Numeracy/numbers- mathematical skills to interpret/understand mathematical data
when reviewing and analysing scenario/setting-situation business information
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Assessment Task 4 – Prpeare a final cost report
Instructions to complete this assessment task:
 This task requires you to prepare and submit final job cost report based upon the
work completed as part of Assessment tasks 2-3.
 You may use models, aids, equipment’s to deliver your presentation effectively.
 Your report may include diagrams, infographics, and pictures to be interactive and
interesting.
 By going thru the report, the assessor will be looking for:
o The student’s ability to read, analyze and interpret the documentation
o The ability to understand, interpret and answer the questions appropriately.
o The ability to perform numeracy skills to perform complex financial
calculations.
o The student meets the requirements of the unit of competency or
performance criteria mentioned in the assessment task.
o The ability to identify the cost centers and monitor the cash flow.
 The report should be consistent, well organised and must cover all the criteria
mentioned in the observation guide.
 Computer
 Internet
 MS Powerpoint
Assessment task Instructions
 This assessment task requires you to prepare a final job cost report.
 You must identify and analyses the various types of cost and appropriate cost
centers according to contract.
 Report must contain original content and should not be a "copy" of someone else's
work.
 Report must be of 600-800 words in length, using 11-point font, double-spaced, and
must include a cover page, table of contents, introduction, body, summary or
conclusion, and works cited.
 Your report should be based upon:
o Your findings and learning from Assessment task 2-3
o Comprehensive analysis of the findings
Page | 64
Page | 65
Task :
This assessment task is in continuation with previous assessment task.
In this assessment task, the student is required to prepare the final cost report of medium
rise building contruction project. During the initiation and construcion phases of the porject,
you have been involved in the planning, monitoring and cost-controls of the project.
After the initial hick-ups in the initial 90 days, the project implementation was as expected
and the project finished on time.
Thoygh to complete the project, the management has to increase the labour hours for last
one month and that lead to overtime payment. The labour cost increased by 1% than
expected.
There was no extra expenditure that occurred during the project exceopt the:
 Rise in material cost

 Increase in reinforcement cost.
 Increase in labour cost
 Rise and fall calculations
The project has completed and the management has asked you to prepare a final cost
report and submit it to them.
The management wants you to compare the estimated costs with the actual cost and
prepare a report for them that must include the following:
 The detailed summary of the actual cost against estimates

 Cost-benefit analysis of overtime payments
 Details of cost over-runs
 Future actions to control the cost of the project.
 Any changes required in organisational rates based on the inflation in material
prices.
Page | 66
Report on Mid term project cost report
A cover sheet of the unit of competency

Version control information
Disclaimer and Acknowledgement
An introduction about the project
List of symbols and their explanations
Table of contents
Main body of the report covering following Topics in appropriate details
 The detailed summary of the actual cost against estimates
 Cost-benefit analysis of overtime payments
 Details of cost over-runs
 Future actions to control the cost of the project.
 Any changes required in organisational rates based on the inflation in material
prices.
Glossary
References
Page | 67
Performance checklist: To be complete by your trainer/assessor:
S N/S Comments and feedback to

student
a) 100% Cost of the project has been  
considered
b) Having knowledge of relevant  

documents such as interim payment
claims, rise and fall claims etc
c) Numeracy Skills to perform complex  
financial calculations
d) Able to identify the reasons behind  

vaiations between estimated and actual
values
e) Accuracy level against the calculations  

while preparing final cost report
f) Knowledge of relevant legislation,  

codes of practice and national
standards
g) Discussed areas of improvement and  

suggested corrective actions
Page | 68
Assessment Task 4 – Unit Skill Task- Prepare Final Cost Report
Assessment Task

Second attempt:

Second attempt:
sources.
Page | 69
Student Signature
Date
Trainer/Assessor
Name
Trainer/Assessor
Signature
Date
by (insert Name) __________________________________
Page | 70

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CRICOS Code:

03595K | RTO Provider ID: 70252

Course and Unit Details

Assessment Submission Method

☐ By hand to ☐ By email to ☐ Online submission via

☐ By Australia Post to RTO ☐ Any other method

Student signature: ________________________________

Evidence recorded Evidence Type/ Method of assessment Sufficient evidence

• Supervise the identification and classification of project costs.

Training and assessment resources required for this unit of competency

The student will have access to the following:

Academic integrity, plagiarism and collusion

Principles of assessment and rules of evidence

For further information about this unit go to https://training.gov.au/Training/Details/

For more information, please refer to RTO Student Handbook.

Explanation of reasonable adjustments strategy used (If required)

Unit Assessment Task (UAT)

Assessment task description:

Resubmissions and reattempts:

Instructions for answering written questions:

How your trainer/assessor will assess your work?

Purpose of the assessment task:

Assessment Task 1 - Unit Knowledge Test (UKT)

Resources required to complete the assessment task:

Question 1: When supervising staff members in identification of building/construction costs,

Question 2: Answer the following questions related to cost estimates:

a. What do you understand by the ‘cost estimates’ of a construction project? Write

Question 3: Answer the following:

a. What is a ‘cost-centre’? Answer in 50-100 words.

a. A cost centre is a department or function within a company that does not

Drawing office work

Major mechanical equipment

Major electrical equipment

Miscellaneous minor mechanical equipment

Miscellaneous minor electrical equipment

Construction plant and equipment

Site installation work

Insurance, freight and duty

Variations and extras

Question 4: Answer the following questions in 50-100 words each:

b. Determine the hazards.

Question 5: Describe the following related to medium-rise building construction projects in

Question 6: For a medium rise building construction project:

a. Project Initiation and Conception.

b. The following items should be included in the project schedule at a minimum:

To prepare a project budget, follow these three stages.

An intermediate payment is a one-time payment made to meet a pressing necessity. It's

Question 10: Answer the following:

a. An s-curve is a mathematical graph in project management that plots relevant

Make a list of all your expenses.

An overdraft is a financial facility or instrument that allows you to withdraw money

Calendar for Accounts Receivable.

Question 16: Answer the following:

Estimates for screening (or order of magnitude estimates).

Question 18: Answer the following questions related to cost variance:

a. The practise of reviewing your project's financial performance is known as cost

Question 19: Answer the following questions related to risk context:

Question 21: Answer the following questions related to cost estimate:

Acquisition of land, as well as its assembly, holding, and improvement.

Date: ___(day)/ _(month)/ __________(year)

Date: ___(day)/ _(month)/ __________(year)

Date: ___(day)/ _(month)/ __________(year)