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ARC 60 5 CONSTRUCTION ECONOMICS 201 2 -201 3 Spring Term

DEPARTMENT of ARCHITECTURE. INTERNATIONAL BURCH UNIVERSITY. ARC 60 5 CONSTRUCTION ECONOMICS 201 2 -201 3 Spring Term. Ph . D . Ismail Hakki Demir @ibu.edu.ba. Class Schedule: Office Hour:. Course Objectives.

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ARC 60 5 CONSTRUCTION ECONOMICS 201 2 -201 3 Spring Term

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  1. DEPARTMENT of ARCHITECTURE INTERNATIONAL BURCH UNIVERSITY ARC 605 CONSTRUCTION ECONOMICS 2012-2013SpringTerm Ph.D.Ismail Hakki Demir@ibu.edu.ba

  2. Class Schedule: • Office Hour:

  3. Course Objectives • This course offers an introduction to teach the students; concept of engineering economy and construction costs. • It introduces economical solutions for construction projects. • This course also emphasizes time-money relationship in project process, concept of depreciations, economical understanding and Benefit-Cost analysis of different projects alternatives .

  4. Textbooks • DeGarmo, E.P., Sullivan, W.G., Canada, J.R., “Engineering Economy”, 7th edition, Macmillian, USA. • 2. Blank, L.T., Tarquin, A.J., “Engineering Economy”, Fifth edition, McGraw-Hill, USA • 3. OsmanOkka , “Engineering Economy”, Nobel Publishing, Ankara.

  5. Brief Contents • Introduction to Construction Economics, value, prize and money terms • Construction Costs • (Direct and Indirect Costs) • Time-Money-Interest Relationship, Engineering Economy Factors, Cash Flows (Single Payment Flows, Uniform Flows And Gradient Series) • Basic Methots (Equivalent Worths, Rates of Return, Capitalised Worth, Payback Period) • Depreciation and Salvage Value (Straight Line, Declining Balance, Sum of the Digits Methods) • Estimating Methods in Construction Projects.

  6. Brief Contents • Butgeting of a Construction Project To Take Into Account Designer, Consultant, Constructer and General Costs. • Understanting Benefit Concept. • Cost-Benefit Analysis • Defining alternatives (Mutually Exclusive, Dependent and Independent Alternatives) • Election of the Optimum Alternative • Break-Even Analysis

  7. Grading • Activity and participation 10% • Seminary work 20% • Project 25% • Midterm Examination 20% • Final Examination 25%

  8. Presentation • Introduction to Construction Economics, value, prize and money terms • Construction Costs • Time-Money-Interest Relationship, Engineering Economy Factors, • Cash Flows • Basic Methots (Equivalent Worths, Rates of Return, Capitalised Worth, Payback Period) • Depreciation and Salvage Value • Estimating Methods in Construction Projects. • Butgeting of a Construction Project To Take Into Account Designer, Consultant, Constructer and General Costs. • Understanting Benefit Concept. • Cost-Benefit Analysis • Defining alternatives (Mutually Exclusive, Dependent and Independent Alternatives) Election of the Optimum Alternative • Break-Even Analysis

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