ORS Valuation and Stucture Budgeting

Institute of Technology and Business in České Budějovice
summer 2021
Extent and Intensity
2/2/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. et Ing. Petra Machová (seminar tutor)
Guaranteed by
doc. Ing. Jan Lojda, CSc., MBA
Department of Civil Engineering – Faculty of Technology – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Civil Engineering – Faculty of Technology – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
ORS/P01: each even Monday 16:30–18:00 D216, each even Monday 18:10–19:40 D216, P. Machová
ORS/S01: each even Monday 8:00–9:30 D215, each even Monday 9:40–11:10 D215, P. Machová
Prerequisites (in Czech)
FORMA ( P )
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
  • SCHNEIDEROVÁ HERALOVÁ, R. - KREMLOVÁ, L. - KADLČÁKOVÁ, A. Kalkulace a nabídky. 1. vyd Praha, ČVUT, 2006, dotisk 2009. ISBN 978-80-01-03532-0.
  • SCHNEIDEROVÁ HERALOVÁ, R. - BROŽOVÁ, L. - STŘELCOVÁ, I. Kalkulace a nabídky 2. 1. vyd. Praha, Česká technika - nakladatelství ČVUT, 2008. 215 s. ISBN 978-80-01-04091-1.
    recommended literature
  • JEFFERIES RODNEY, L.: Investment Capitalisation Fundamentals; Basic >Valuation Approaches; Valuation Concepts; Valuation Principles; >Valuation Purposes and Types. Přednášky pro studenty Lincoln >University, Canterbury, New Zealand, 2005.
  • Hanna,N.,Dodge,H.R.: Pricing, Zásady a postupy tvorby cen, Management Press, 1997, ISBN 80-85943-34-4
Forms of Teaching
Lecture
Seminar
Exercise
Laboratory Exercise
Excursion - language
Tutorial
Consultation
Teaching Block - seminar
Teaching Methods
Frontal Teaching
Group Teaching - Competition
Group Teaching - Cooperation
Project Teaching
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity
Teaching Supported by Multimedia Technologies
E-learning
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for Lectures10 
Preparation for Seminars, Exercises, Tutorial1234
Preparation for the Final Test1030
Semestral Project2020
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion2620
Total:104104
Assessment Methods and Assesment Rate
Exam – written 70 %
Seminary Work 12 %
seminar tasks 18 %
Exam conditions
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
Further comments (probably available only in Czech)
The course is taught annually.
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.
The course is also listed under the following terms summer 2011, winter 2011, summer 2012, winter 2012, summer 2013, winter 2013, summer 2014, winter 2014, summer 2015, winter 2015, Summer 2016, summer 2017, summer 2018, summer 2019, summer 2020.
  • Enrolment Statistics (recent)
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