CIVL 356 - Construction Economics

Course Description:
The objective of Construction Economics is to enable the decision-maker to make more informed decisions about the financial viability of a project and account for the economic impact of choices made in the design and construction phases of a project. Students will complete an economic analysis of project alternatives using present worth, capitalized cost and rate-of-return evaluation; assess the feasibility of alternatives based on benefit/cost and break even analysis; prepare a cost analysis of a building project using elemental analysis, life-cycle costing and a budgetary cost control system; and examine contractors’ cost control systems.

3 Credits