Friday, 13 November 2015

Research Dissertation





This module allows me to develop awareness of the current housing market, demand and preferences among young Malaysian buyers in Klang Valley. Besides, this subject allows me to explore the approaches to research and demonstrate a systematic and orderly mind to produce a viable academic research. Throughout this module, I am able to use a depth of subject knowledge and apply analytical and research skills in closely defined topic areas. On top of that, I've learnt on how to collect data and information required and analyze data collected using appropriate techniques and tools. Last but not least, I am happy that I have achieve my objectives in my research study and developed a comprehensive research conclusion and recommendation on further studies.

Construction Law




Throughout this semester, this module allows me to understand the general principles on the formation of a contract and remedies in the event of breach. This module enabled me to understand the roles and liabilities of architects, quantity surveyors and other professionals in relation to professional negligence and the usage of collateral contract. On top of that, it also highlights the laws relating to payments, contractual claims and interpretation rules of ambiguity found in documents. Besides, this module has enhance my knowledge on the principles and procedures of litigation, arbitration, adjudication and other alternative dispute resolution (ADR) stated by the Malaysian Government and Standard Form of Contract. To summarize, I have learnt a lot through this module especially FIDIC Form of Contract which explained by lecturer as one of the most important Form of Contract to be used in construction industry. I'm thankful that Sr Wong has taught me well in this module and I strongly believe that this module is advantageous for my future working as a quantity surveyor in construction industry.

Development Economics










In this semester, this subject has been taught well where I have learned more in depth on economics relating to construction industry by our lecturer Ms. Dianne Kok. This subject started with the introduction to Development Economics then further with Property Development. Property Investment, Development Appraisals, Factors in Property Development and Market Research. This subject has enable me to put theories into practice and to understand the ethical issues in the context of field studies as well as the professional practice within the field. We had been given assignment on the investment appraisal, cash inflow, cash outflow and combined of cash outflow and inflow.


Development Economics has definitely enhanced my problem solving skills in the sense where the calculations to evaluate the finance of a property development. Moreover, I was able to understand critically and creatively regarding properties and its developments as well as to define and analysing problems arises from the project with effective solutions. Moreover, I was able to enhance my lifelong learning where I am more able to learn independently and locate, extract, synthesize and utilize information given by the lecturers more effectively.



Saturday, 20 June 2015

Research Methodology




Research Methodology is one of the module included in our syllabus. This module basically taught us on how to write our thesis. In this semester, we were able to learn two chapters among 5 and 3 chapters will be learned next semester. Chapter 1 described how to write a research proposal whereas chapter 2 explained on how to write literature review. A lot of researches and literature reviews has been analyzed. I'm currently writing a thesis on "Factors influencing the real estate purchase among young buyers in Klang Valley". I find this topic quite interesting and wanted to find out what are the real reasons behind of their decision and the key considerations of young house buyers before they make their decision to buy a residential real estate. Questionnaires will be distributed to young potential house buyers between the age of 25 to 35 to study their housing preferences and what they will consider before they proceed in buying residential real estate.

Building Economics





Building Economics is basically a module which concerns all the economic aspects of construction developments. Through this module, I've learned how does a shape of the building provide affect economic aspect of the building. Besides, whole life costing is one of the important topic I've learned. It basically described how does a cost spent on building can  provide value for money to the client. There is formula to analyze this. On top of that, we get to learn the 6 important formulas to calculate the future value of $1, the Present Value of $1 in the future, Years Purchase, Sinking Fund and the Annuity of purchase by $1. In addition, we are able to learn the cost indices and the adjustment of price, quality and quantity. This module does a lot of analysis like Financial Management Module.

Financial Management



Financial Management module is basically for us to understand what is accounting and financing. It is said to be one of the most module in the whole industries. Every industry need to know how accounting and financing works. throughout this module, I've learned more about balance sheet, income statements, cash flow statements, ratio analysis, Internal Rate of Return and so on. This module was quite challenging for us as we QS always dealt with construction but not financing. However, I find it quite interesting and important as this module definitely help us to analyze a business's performance before making decision on whether to award or work together with the analyzed company.

Professional Practice 2


In Professional Practice 2 module, I've learned a lot of new knowledge about payments, loss and expenses, extension of time, determination of contractor and employer, insurances and etc. Before this module, I did not even know what how does insurances, payments, loss and expenses etc.  work in construction industry. On top of that, I'd also be able to understand more on the determinations of contractor or employer due to causes stated in provisions of PAM Contract 2006. Nowadays, there are a lot of disputes regarding payments, EOT and many more in the construction industry, thus this module taught us how to settle disputes and avoid any further loss between both employer and contractor. Besides, I've learned more about Variation Orders, Final Accounts, Interim Payment Certificate, and mostly importantly how to value a scenario whether it is entitled to a Variation Order. This subject enables us to be more professional in our construction industry.