Quantity Surveying 3 - ASSESSMENT 2
1. Learning Outcomes
The purpose of this assignment is to enable you to:
· Demonstrate ability to evaluate building projects
· Appraise the development and investment of building projects
· Apply the processes and techniques to prepare property valuation reports
· Examine implications of various factors in relation project development and investment.
· Understand the feasibility study of project development and investment
2. Case project information
The project is at 90 Goodwin Street LYNEHAM, ACT 2602. The detailed information is at:
https://zango.com.au/sale/90-goodwin-street-lyneham-act-2602-105079/
(Suggesting you download the project information now)
You may provide some reasonable assumptions in order to successfully complete this assignment.
The project is only used for teaching and learning, and must not use for other purposes.
3. Task requirements
Individual assignment.
You, working on behalf of a property developer, will plan to invest/buy this case property, and then demolish the current building to develop a new dwelling. Therefore, a report mainly containing the following two parts is needed.
Part 1: Property evaluation. You evaluate the property value of the case project.
Part 2: Property value estimation. You estimate the value of the new residential building using the development equation formula from the COST side.
The report with a clear analysis as well as a rational discussion is expected. Please use headings to guide your analysis and relevant discussion. A professional report is expected. You may use the below structure to prepare the report:
· Cover page (with all your full name and ID)
· Table of contents
· Summary (what you have done and key results)
· Introduction (Project information)
· Investigating factors affecting the feasibility of project development
Local property market analysis
Project analysis (physical and town planning)
and other feasibility factors
· Project evaluation for current property
Evaluation method
Evaluation process
Evaluation results
· Value estimation for developed property
Estimation method
Estimation process
Estimation results
· Conclusions
4. Other requirements
The report should have 2000-3000 words (excluding the cover page, table of contents, tables, figures, and references). You are expected not to exceed the word limit by 10%. If necessary, you may go beyond the word limit by attaching additional reference material as an appendix. A report with a clear analysis as well as a rational discussion is expected. You should draw on references to the contract material to illustrate your points.
The report must display detailed evaluation and estimation processes with strong evidence and calculation methods. You should not directly provide the assumed number of project values and costs. For instance, the interest cost shall be based on the current development loan rate.
The report shall be in .pdf format, and be submitted to Canvas. You may attach some excel-sheets to show your evaluation and estimation process.
Harvard reference style. is required.
The due time and date are 5:00 pm 11th October 2024.
The marking criteria are attached.
The contents of your document must not be copied and pasted from other publications. Too high a similarity percentage (Plagiarism Review using Urkund) will be punished (10% matching text from one document, and 30% matching text for all documents).
§ University of Canberra (Student Conduct) Rules 2018 (https://www.canberra.edu.au/__data/assets/pdf_file/0008/1379069/University-of-Canberra-Student-Conduct-Rules-2018-.pdf)
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QS3 ASSIGNMENT 2 - GRADING MATRIX
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TASK
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High Distinction 85 - 100%
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Distinction 75 - 84.9%
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Credit 65 - 74.9%
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Pass 50 - 64.9%
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Fail
0 - 49.9%
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Feasibility analysis (10 points)
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All-important influencing factors are well provided and discussed.
An excellent range and breadth of feasibility conditions have been provided.
Demonstrating very high-level research and critical analysis showing you understand the feasibility analysis.
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All-important influencing factors are provided and discussed.
A very good range and breadth of feasibility conditions have been provided.
Demonstrating high-level research and critical analysis showing you understand the feasibility analysis.
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All-important influencing factors are provided and discussed. Some parts are required to be improved.
A good range and breadth of feasibility conditions have been provided. Evidence is further required.
Demonstrating good level research and critical analysis showing you understand the feasibility analysis.
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The most important influencing factors are provided and discussed. Some parts are required to be improved and deeply discussed.
A satisfactory range and breadth of feasibility conditions have been provided. Evidence is further required.
Demonstrating good level research and critical analysis showing you understand the feasibility analysis. The knowledge of feasibility analysis could be further improved.
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A few important influencing factors are provided and discussed. Most parts are required to be improved and deeply discussed.
Fails to address the task set.
Evidence is further required.
Lack of knowledge to do a feasibility analysis.
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Project evaluation for current property
(10 points)
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The detailed evaluation process is well provided and discussed.
The evaluation method and evidence are very well displayed.
An outstanding or exceptional report demonstrating high-level research and critical analysis and showing you understand the valuation process.
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The evaluation process is well provided and discussed.
The evaluation method and evidence are well displayed.
A quality report demonstrating high-level research and critical analysis and showing you understand the valuation process.
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The evaluation process is correctly provided and discussed.
The evaluation method and evidence are displayed.
A quality report demonstrating good-level research and critical analysis and showing you understand the valuation process.
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The evaluation process is provided and discussed. A few steps are not right.
The evaluation method is correctly displayed, although the evidence is not sufficient or reasonable.
A quality report demonstrating satisfactory-level research and critical analysis and showing you understand the valuation process.
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The evaluation process is not well provided and discussed. Most steps are not right.
The evaluation method is not correctly displayed. The evidence is not sufficient or reasonable.
Fails to address the task set.
Lack of knowledge to do project valuation.
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Value estimation for developed property
(10 points)
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The detailed estimation process is well provided and discussed.
The estimation method and evidence are very well displayed.
An outstanding or exceptional report demonstrating high-level research and critical analysis and showing you understand the value estimation process.
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The estimation process is well provided and discussed.
The estimation method and evidence are well displayed.
A quality report demonstrating high-level research and critical analysis and showing you understand the value estimation process.
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The estimation process is correctly provided and discussed.
The estimation method and evidence are displayed.
A quality report demonstrating good-level research and critical analysis and showing you understand the value estimation process.
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The estimation process is provided and discussed. A few steps are not right.
The estimation method is correctly displayed, although the evidence is not sufficient or reasonable.
A quality report demonstrating satisfactory-level research and critical analysis and showing you understand the value estimation process.
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The estimation process is not well provided and discussed. Most steps are not right.
The estimation method is not correctly displayed. The evidence is not sufficient or reasonable.
Fails to address the task set.
Lack of knowledge to do project value estimation.
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PRESENTATION
(10 points)
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Includes cover page, table of contents, summary and clear headings.
Shows a polished and professional approach.
Material is well presented resulting in clarity of message, information and visual effect.
Fluent writing style. appropriate to document.
Grammar and spelling are accurate.
Harvard Referencing is adopted and is consistently accurate
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Includes cover page, table of contents, summary and clear headings. Carefully and logically organised.
Material is carefully structured with a clear message.
Language is fluent.
Grammar and spelling are accurate.
Harvard Referencing adopted is mainly accurate with minimal errors.
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Includes cover page, table of contents, summary and clear headings.
Material relevant to the topic and is organised, structured and coherent.
Language is mainly fluent.
Grammar and spelling are mainly accurate.
Harvard Referencing adopted is mainly accurate with some errors
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Includes cover page, table of contents, summary and headings.
Some attempt to organise in a logical and structured manner.
The material presented is relevant but lacks structure or visual impact.
Meaning is apparent but language is not always fluent.
Grammar and/or spelling contain errors.
Harvard Referencing adopted is partly accurate with many errors.
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No cover page.
No structured.
Disorganised/ Incoherent. Construction sequence in the wrong order.
Poor grammar and spelling.
Harvard Referencing is wrongly adopted.
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