This unit of competency specifies the skills and knowledge required to monitor costing systems for building and construction projects. It includes processes and practices involved in controlling costs, and the production and maintenance of expenditure schedules and other arrangements, to ensure contracts or projects remain on budget.

This unit of competency applies to builders, senior managers in building and construction firms, and other construction industry personnel who work independently and in groups to investigate, evaluate and report project costing.

Completion of the general construction induction training program specified by the model Code of Practice for Construction Work is required for any person who is to carry out construction work. Achievement of CPCWHS1001 Prepare towork safely in the construction industry meets this requirement.

No licensing, legislative or certification requirements apply to this unit at the time of publication.