Unit descriptor
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.
Application of the unit
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.
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