SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Manage financial aspects of a construction project 
SAQA US ID UNIT STANDARD TITLE
15148  Manage financial aspects of a construction project 
ORIGINATOR
SGB Building Construction 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 12 - Physical Planning and Construction Building Construction 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2006-08-01  2009-04-08  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2010-04-08   2013-04-08  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
263011  Manage financial aspects of a construction project  Level 5  New Level Assignment Pend.  10   

PURPOSE OF THE UNIT STANDARD 
Learners who are assessed as competent against this unit standard will be able to establish and implement project costing and reporting systems, as well as reviewing the financial status of a project and implementing financial improvement strategies.

This competence complements the other generic management competencies and underpins the Elective learning.

It contributes to the development of a professional community of Building Construction Managers. The contribution to The National Skills Development Strategy is the key developmental interface between learners and new competencies to be achieved.

Its contribution to socio-economic transformation is that learners would be able to undergo RPL-assessment and thereby receive recognition for previous learning and experience. The employability and career prospects of learners can therefore be enhanced by this qualification. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
FETC 

UNIT STANDARD RANGE 
  • The financial reporting period would be determined by company procedures, but could include:
    1. Monthly
    2. Quarterly
    3. Annually
    4. Contract duration 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Establish and implement project costing systems. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Systems are in accordance with company procedures and accepted financial principles. 

    ASSESSMENT CRITERION 2 
    2. Costing systems are adapted to project and senior management requirements. 

    SPECIFIC OUTCOME 2 
    Measure and report on financial status of project. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Data is collected and assimilated accurately and timeously according to company procedures. 

    ASSESSMENT CRITERION 2 
    2. Costs are allocated to the relevant cost centres/codes according to company procedures. 

    ASSESSMENT CRITERION 3 
    3. Actual costs are compared with allowed costs for the reporting period. 

    SPECIFIC OUTCOME 3 
    Review financial status. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Actual financial performance is compared with budget. 

    ASSESSMENT CRITERION 2 
    2. Actual cash flow is compared with planned cash flow. 

    ASSESSMENT CRITERION 3 
    3. Budgetary variances are identified. 

    SPECIFIC OUTCOME 4 
    Implement financial improvement strategies. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Financial improvement strategies are identified and implemented in conjunction with senior management. 

    ASSESSMENT CRITERION 2 
    2. Financial forecasts are developed in conjunction with senior management. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner or moderating the assessment of a learner against this unit standard must be registered as an assessor with the CETA - ETQA for "The National Diploma/Certificate in the Management of Building Construction Processes".
  • Any institution offering learning that will enable the achievement of this unit standard must be accredited as a provider with the CETA - ETQA.
  • CETA - ETQA, or other ETQA`s who have a Memorandum of Understanding in place with CETA-ETQA, would be responsible for moderation of learner achievements of learners who meet the requirements of this qualification. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The following concepts:
    1. Allowed vs. actual costs
    2. Budget variances
    3. Financial forecasting
  • Elements to include in financial reporting, e.g. planned and actual expenditure, profit and loss to date and profit or loss at completion of project, variances, etc.
  • Reporting time frames and format
  • Financial procedures
  • Sources of data for financial measurement
  • Examples and application of costing systems
  • The composition of a contract budget and cash flow 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems

    Specific Outcome:
  • Review financial status and implement financial improvement strategies.

    Assessment Criteria:
  • Financial improvement strategies are identified and implemented in conjunction with senior management. 
    		•

    UNIT STANDARD CCFO WORKING 
    Work effectively with others

    Specific Outcome:
  • Implement financial improvement strategies.

    Assessment Criteria:
  • Financial forecasts are developed in conjunction with senior management. 
    		•

    UNIT STANDARD CCFO ORGANISING 
    Employ self management

    Specific Outcome:
  • Review financial status. 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Manage information

    Specific Outcome:
  • Measure and report on financial status of project.

    Assessment Criteria:
  • Data is collected and assimilated accurately and timeously according to company procedures.
  • Financial improvement strategies are identified and implemented in conjunction with senior management. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively

    Specific Outcome:
  • Measure and report on financial status of project. 
    		•

    UNIT STANDARD CCFO SCIENCE 
    Demonstrate scientific and technological competence

    Specific Outcome:
    Establish and implement project costing systems.

    Assessment Criteria:
    Systems are in accordance with company procedures and accepted financial principles. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Understand Contextual world-systems

    Specific Outcome:
    Measure and report on financial status of project.

    Assessment Criteria:
    Systems are in accordance with company procedures and accepted financial principles. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 263011, which is "Manage financial aspects of a construction project", Level 5, 10 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  23675   National Certificate: Management of Building Construction Processes  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 
    Core  23683   National Diploma: Management of Civil Engineering Construction Processes  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 
    Core  48700   Bachelor of Construction Management: Built Environment  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  CHE 
    Fundamental  48908   National Certificate: Sanitation Project Co-ordination  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  EWSETA 
    Elective  49469   National Diploma: Complex Procurement  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30   
    Elective  58601   National Certificate: Land Transport Planning  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  LG SETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Academic Institute of Excellence 
    2. Academy for Construction Skills (Pty) Ltd (ACS) 
    3. Construction Resource Development College 
    4. ERGO MAPHELONG INSTITUTE (PTY) LTD 
    5. MTL Training and Projects 
    6. Raubex Construction Pty (Ltd) 
    7. South African Value Education (Pty) Ltd 
    8. Tjeka Training Matters Pty Ltd 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.