Unit of competency Outline

Date retreived
22/07/2026 9:46 PM AWST

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Establish systems to develop and monitor building and construction costs

Establish systems to develop and monitor building and construction costs

Unit of competency
National Code
CPCCBC6011
State Code
OCP70
TGA Status
Current
DTWD Status
Approved
Current Release Number
2.00
Current Release Date
24/12/2024
View on TGA
State Implementation and Classification
Approved Date
01/06/2021
Field of Education
040307 - Building Construction Economics
Original Release Date
01/06/2021
Nominal Hours
60
Description
This unit of competency specifies the skills and knowledge required to establish systems to develop and monitor building and construction costs for residential or commercial projects. It includes implementing and maintaining a construction costing system and recording outcomes. It includes establishing the human resources and facilities necessary to produce accurate and successful costing information and providing a basis for accurate estimating and tendering processes in accordance with organisational guidelines.This unit of competency supports builders, project managers and related construction industry professionals who integrate information from a broad range of sources to develop systems and take responsibility establishing and managing construction costing systems.Completion of the general construction induction training program specified by the model Code of Practice for Construction Work is required for any person who is to carry out construction work. Achievement of CPCWHS1001Prepare to work safely in the construction industry meets this requirement.No licensing, legislative or certification requirements apply to this unit at the time of publication
Notes
Elements and Performance Criteria
1 Identify factors for inclusion into the costing system.
  • 1.1 Identify and quantify strategic factors impacting on the construction costing process.
  • 1.2 Quantify range and scope of activities being undertaken by the organisation under the contract.
  • 1.3 Qualify strategic and operational factors impinging on organisation costing processes and introduce measures to capture cost data.
2 Establish and implement organisational costing systems.
  • 2.1 Direct and manage the design and development of an organisational project planning system.
  • 2.2 Develop criteria for implementing and maintaining systems concerned with costing the construction process and formulate into active practice.
  • 2.3 Develop methods to gather and monitor actual cost information essential to the construction costing process.
  • 2.4 Obtain approval of the costing process from senior management.
  • 2.5 Evaluate the costing process regularly to ensure accuracy and compliance with policy.
3 Establish and implement a costing quality control system.
  • 3.1 Base quality control procedures on sound financial principles and practices.
  • 3.2 Train staff to ensure that quality assurance practices are applied to the costing process on a daily basis.
  • 3.3 Develop a system that allows reconciliation of invoices for progress payments against work completed, or due for completion, prior to payments being approved.
4 Develop and implement a costing feedback system.
  • 4.1 Establish and implement a method to effectively and quickly communicate financial information concerning construction costs within the organisation.
  • 4.2 Develop and maintain a review and feedback system using company project records and performance criteria to identify cost over-runs or savings within the contract.
  • 4.3 Plan and strategically implement a subcontractor feedback system, based on performance, progress and other strategic factors.
5 Establish recording and costing evaluation systems.
  • 5.1 Institute a documentation and recording system to meet organisational needs for ongoing evaluation of the costing process.
  • 5.2 Apply strategic balances and checks that enable the ongoing maintenance of quality of the costing system.
No information
No information
Replaces
State Code National Code Title Type
W9311 CPCCBC6011A Establish systems to develop and monitor building and construction costs Unit of competency
State Code National Code Title Type
BGC6 CPC60220 Advanced Diploma of Building and Construction (Management) Qualification