Assessment Requirements for MSFGN3002 Estimate and cost job

Release: 3

Assessment Requirements for MSFGN3002 Estimate and cost job

Modification History

Release 3. Supersedes and is equivalent to MSFGN3002 Estimate and cost job (Release 2).

Release 2. Text missing from Assessment Requirements reinstated

Release 1. New unit of competency. Supersedes and is equivalent to LMFGN3002B - Estimate and cost job.

Performance Evidence

There must be evidence the candidate has completed the tasks outlined in the elements, performance criteria, and foundation skills of this unit, which must include the ability to:

estimate and cost three different jobs that each have different requirements in terms of:

scope and nature of product and/or service

labour costs

material costs

quantities of material required

overheads associated with the job

use the following mathematical processes correctly in estimating and costing the above three jobs:

estimation

calculation of percentage mark-ups

calculation of GST

use workplace technology related to the estimation and validation of job costs

work with others and in a team by recognising dependencies and using cooperative approaches to optimise work flow and productivity

Knowledge Evidence

There must be evidence the candidate has knowledge of:

ways in which job information may be gathered, including:

on-site inspection and measurement

customer discussion

review of documentation

products and/or services for which costings are being prepared, including:

sources of information

features, options and suitability for different customer requirements

legal and ethical considerations

costs involved in providing products/services:

materials

labour rates and their components

production time and cost

transport and delivery

overhead components

industry sector and enterprise costing and quoting procedures:

mark-up percentages

application of GST

documentation formats and inclusions for quotations

terms and conditions included in quotations

checking and approval processes

workplace procedures and protocols for:

establishing information on customer requirements

recording job specifications

checking and verifying costing details

filing and storing costing and quotation documentation

mathematical processes used to estimate and cost jobs:

estimation

the four basic mathematical operations: addition, subtraction, multiplication, and division

calculation of percentage mark-ups

calculation of GST

Assessment Conditions

Assessment must occur in the workplace, or in a simulated environment that reflects workplace conditions and contingencies.

Access is required to:

use of suitable facilities, equipment and resources, including:

product/service information

costing and quotation procedures and documentation

technology for calculation of costs

modelling of industry operating conditions, including time constraints for preparation of costings and quotations.

Assessors of this unit must satisfy the assessor requirements in applicable vocational education and training legislation, frameworks and/or standards

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=0601ab95-583a-4e93-b2d4-cfb27b03ed73