Course Details

Economy of Construction Industry

Academic Year 2023/24

NVA030 course is part of 1 study plan

​ NPC-SIM Winter Semester 1st year

Position of industry of building materials in national economy. Organisation of building materials production. Basic characteristic of industrial firm. Foundation, lifetime and closure of industrial firm. Property and sources of property coverage. Inventory management and financing. Costing and price setting in building materials production. Management of operational and investment costs and returns. Standardization and remuneration. Accounting and taxation. Principles of marketing. Controlling and quality management.

Credits

5 credits

Language of instruction

Czech

Semester

winter

Course Guarantor

Ing. Radek Dohnal, Ph.D.

Institute

Institute of Structural Economics and Management

Forms and criteria of assessment

course-unit credit and examination

Entry Knowledge

Knowledge of particular basic disciplines of business economy. Ability to orient in business economy.

Aims

To get ability to orient in organization and economy of industry production. To come in useful in production profitability management and price setting.
Knowledge about organization and economy of industry production.

Basic Literature

Ceny ve stavebnictví: Studijní opora [online]. 1. VUT FAST, 2007 [cit. 2022-10-31].
Stavební podnik: Studijní opora [online]. 1. VUT FAST, 2008 [cit. 2022-10-31].
The Costs of Building a House. Centaur Media, 2014. (en)
OLERÍNY, Milan. Řízení stavebních projektů: ceny a smlouvy v zahraniční praxi. V Praze: C.H. Beck, 2002. C.H. Beck pro praxi. ISBN 9788071796657.

Syllabus

1. Construction company and production in the construction company
2. Normalization of work and performance; Normalization and remuneration in the construction industry
3. Managing Material and Supplies Costs.
4. Managing labor costs.
5. Cost control of machines and production equipment.
6. Valuation of production, prices in the construction industry.
7. Investments.
8. Corporate Finance.
9. Taxes, accounting and operational records.
10. Marketing.
11. Business organization systems, types of business association.
12. Benchmarking, management of production costs with respect to the competitiveness of the company.
13. Planning circuits and plan control systems, documentation of changes.

Prerequisites

Knowledge of particular basic disciplines of business economy. Ability to orient in business economy.

Specification of controlled instruction, the form of instruction, and the form of compensation of the absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Offered to foreign students

Not to offer

Course on BUT site

https://www.vut.cz/en/students/courses/detail/271122

Lecture

13 weeks, 2 hours/week, elective

Syllabus

1. Construction company and production in the construction company

2. Normalization of work and performance; Normalization and remuneration in the construction industry

3. Managing Material and Supplies Costs.

4. Managing labor costs.

5. Cost control of machines and production equipment.

6. Valuation of production, prices in the construction industry.

7. Investments.

8. Corporate Finance.

9. Taxes, accounting and operational records.

10. Marketing.

11. Business organization systems, types of business association.

12. Benchmarking, management of production costs with respect to the competitiveness of the company.

13. Planning circuits and plan control systems, documentation of changes.

Exercise

13 weeks, 2 hours/week, compulsory

Syllabus

1. Assignment of semestral work.

2. Marketing Analysis.

3. Costs of materials.

4. Costs of wages.

5. Transport costs.

6. Calculation of the price of construction work.

7. Aggregate budget of buildings

8. Investment evaluation.

9. Price sensitivity analysis.

10. Calculation of break-even point.

11. The overall evaluation of the investment.

12. Presentation of work.

13. Handing in and final control.