And the builders financial costs

CPCCBC4005A Assessment 1 Answer sheet

© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, August 2018

1.List the 3 types of resource that can form part of the cost to complete a task on a building project. How does the term ‘all-in-rate’ relate to this?

●Capital: The building project needs money to pay for the labour and materials mentioned above. if there isn’t enough funds to complete the project, then work would stop.

The term “all-in-rate” relates to the above three resources as it is the total cost of an item, which includes all direct and indirect costs. An example of this is when an all-in-rate is given the builder would include the costs for the labour required, materials need to complete the job, and the builders financial costs(loan, commission etc)

●Insurance: The necessary certificate of currency such as workers compensation, public liability, home warranty insurance etc.

●Final clean and handover: This includes the cost of labour, bins, cleaner hire, site clearing, preparation of documentation and the cutting and labelling of keys.

© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, August 2018

example plumbers may bring their own pipes. Therefore it is important to know that

materials are actually needed to prevent doubling up supplies. This also helps keep track of

Ans:

P 10 For Bricks

© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, August 2018

1. Please send to copies of your invoice
2. Enter the order in accordance with the prices, terms, delivery method, and specifications listed above
3. Please notify us immediately if you are unable to ship as specified

Authorised by:____________________ Date:____________________

Your ‘items’ should include; face bricks, commons, mortar, flashings, veneer ties, lintels, cleaning down, labour, as a minimum. Use the following as headings for your cost analysis sheet: Item, Details, Est. Cost, Actual Cost, Variance.

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6.(a)Explain why it is important to compare the estimated costs to the actual costs for each trade section on its completion.

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7.For the residence in Project 1, you are to prepare 2 schedules:

a)A paint schedule for 5 rooms nominated by you. Select colours from a current proprietary paint chart and nominate the manufacturer in the schedule.Also nominate the surfaces to be painted, the paint types (sealer, undercoat, etc.) and finishes (gloss, low sheen, etc.) and the number of coats required for each surface.

© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, August 2018

8.(a)Comment on the need to keep orderly files of the documentation on a building site, and detail the consequences of poor office keeping procedures on site.

Ans:
It is important to keep orderly files of the documentation on a building site, as poor office keeping could have costly consequence for the builder. Everything must be tracked in a business for taxation and budget concerns. poor file management could lead to spending more than what is coming in. Another reason it is important to keep orderly files is that they can be used as evidence for work completed and used should a dispute arise with the propiter, sub-contractor or suppliers.

© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, August 2018

9.Prepare a flowchart for the processing of variations. Your chart should commence at request and follow each step through to invoicing the variation in a progress claim.