B_OCR Construction Cost Estimation and Budgeting

Institute of Technology and Business in České Budějovice
summer 2026
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jan Lojda, CSc., MBA (seminar tutor)
Ing. et Ing. Petra Machová, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Jan Lojda, CSc., MBA
Department of Civil Engineering – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Civil Engineering – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
B_OCR/K03: Sat 7. 3. 11:25–12:55 D316, Sun 29. 3. 8:00–12:30 D316, Sat 11. 4. 8:00–12:30 D316, Sat 16. 5. 14:50–16:20 D316, J. Lojda
B_OCR/P01: each odd Monday 13:05–16:05 B3, P. Machová
B_OCR/S01: each odd Monday 16:30–19:30 D617, P. Machová
B_OCR/S02: each odd Tuesday 8:00–11:00 E4, P. Machová
Prerequisites
Completion of civil engineering and building technology subjects
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives supported by learning outcomes
The aim is to present principles of property valuation in accordance with price regulations, division of real estate in terms of their valuation procedure for determining the estimated price of land, buildings, crops, cost and the income method of valuation, valuation of real estate on market principles. The aim is to adopt principles of costing and pricing of investment projects, standardization of consumption and rewarding work. After successful completion of the course the student:
- controls the calculation of the works and the pricing of investment projects
– s/he can practice scaling power and rewarding work
– s/he is able to process statement, assessment and budget of a construction.
The student controls the general theory and methodology of three basic groups of market valuation methods - comparison, yield and cost-control legislation.
Learning outcomes
After successful completion of the course the student:
- controls the calculation of the works and the pricing of investment projects
– s/he can practice scaling power and rewarding work
– s/he is able to process statement, assessment and budget of a construction. The student controls the general theory and methodology of three basic groups of market valuation methods - comparison, yield and cost-control legislation.
Syllabus
  • 1. Basic concepts of real estate valuation
  • 2. Methods of valuation, the purpose and use
  • 3. The cost method
  • 4. Consumption of materials, standardizationof work imaterials consumption and means, grading and classification on in the construction, work study, time consumption, time consumption scaling. Costs and their classification, allocation of costs, calculation methods and techniques - classification, current techniques (calc. division, surcharge, with indexes), calculating the base, more dynamic calculation, calculation of cost of machinery - normative and dynamic method
  • 5. Formation of prices - focused on costs, competition, demand, cost of construction (building and construction work, building construction, construction, LCC), indIndividual calculation, calculation formula.
  • 6. Statement of assessment, budgeting, valuation documents. Public tender offer, prices for tenders. Binding to a contract.
  • 7. Prices of design and engineering activities. Costing and pricing throughout the life cycle of buildings, life cycle costs of the project / construction
  • 8. Costs control - production costing, invoice production, resulting calculation
  • 9. The comparative method
  • 10. The yield method
  • 11. Valuation of land
  • 12. The property valuation report, expert opinion, valuation of easements
  • 13.Summary, repetition, news
Literature
    required literature
  • ORT, P. Oceňování nemovitostí - moderní metody a přístupy. 2. aktualizované vydání. Praha: Leges, 2022. Praktik (Leges). ISBN 978-80-7502-572-2.
  • GODDARD, G. J. 2021. Real Estate Valuation: A Subjective Approach. Routledge, ISBN 9780367539085.
  • PAROUBEK, J., J. KINŠT, M. ČEŠKOVÁ a R. KOTRBA. 2022. Rozpočtová skladba v roce, Olomouc: ANAG, 2022. Účetnictví (ANAG). ISBN 978-80-7554-355-4.
  • KRAUS, M. a P. MACHOVÁ. Rozpočtář/rozpočtářka staveb (kód: 36-170-N): Studijní opora. České Budějovice: VŠTE v ČB, 2023.
    recommended literature
  • GELTNER, D. a R. de NEUFVILLE. 2018. Flexibility and real estate valuation under uncertainty: a practical guide for developers. Hoboken, NJ: Wiley Blackwell, ISBN 978-1-119-10649-4.
  • KADLČÁKOVÁ, A. 2002. Ekonomika ve stavebnictví 20 – Ceny, náklady, kalkulace. Praha: Vydavatelství ČVUT, ISBN 80-01-02436-9.
  • MARKOVÁ L. a J. CHOVANEC. 2008. Rozpočtování a kalkulace ve výstavbě. Brno: CERM. ISBN: 978-80-7204-587-7.
  • HERALOVÁ, R., J. NOVÁK, a J. NOVÁKOVÁ. 2000. Ceny, náklady, kalkulace – sbírka příkladů, Praha: ČVUT, ISBN 80-01-02252-8.
  • TICHÁ A., J. TICHÝ a R. VYSLOŽIL. R. 2008. Rozpočtování a kalkulace ve výstavbě. CERM. ISBN 80-7204-587-7.
  • KILPATRICK, J. A. 2020. Real estate valuation and strategy: a guide for family offices and their advisors. New York: McGraw-Hill, ISBN 978-1-260-45904-3.
  • HANÁK, M. 2005. Oceňování stavebních prací v kostce aneb začínáme s rozpočty. ÚRS Praha. ISBN: 80-7369-005-5.
Organizační formy výuky
Consultation
Teaching Block - lecture
Teaching Block - seminar
Komplexní výukové metody
Frontal Teaching
Group Teaching - Competition
Project Teaching
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for Lectures10 
Preparation for Seminars, Exercises, Tutorial2662
Preparation for the Final Test1910
Semester project2052
Assigned tasks in practice13 
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion166
Total:130130
Metody hodnocení a jejich poměr
Exam – written 30%
Project – semestral 70%
Podmínky testu
Grading of the course: First Test/Seminar Work/ … : maximum 30% (0-30 points), Final Test: maximum 70% (0-70 points). Successful graduates of the course have to get totally at least 70 points: A 100 – 90, B 89,99 – 84, C 83,99 – 77, D 76,99 – 73, E 72,99 – 70, FX 69,99 – 30, F 29,99 - 0.
Language of instruction
Czech
Teacher's information
Attendance in lessons is defined in a separate internal standard of ITB (Evidence of attendance of students at ITB). It is compulsory, except of the lectures, for full-time students to attend 70 % lesson of the subjet in a semester.
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