After successful completion of the course, students are able to:

• reproduce basic construction industry definitions
• differentiate between ÖNORMEN relevant to the construction industry
• describe the essential stages of an award procedure
• explain the contents of a call for tenders
• read zoning and development plans
• convert construction prices
• explain different types of taxes

Overview of the economic and legal aspects of construction.

Content: 1st General Introduction; 2nd Business Fundamentals; 3rd Legal Framework for Companies: 4. Legal requirements for property developers; 5. general handling of a construction project; 6. risk management; 7. tendering and awarding; 8. contract law; 9. construction contract according to ÖNORM B 2110; 10. accounting and price control; 11. arbitration of disputes

The methods for achieving the learning outcomes are:

• lecture with the opportunity to ask questions and present sample exam questions
• calculation of examples in the lecture units
• clarification of still open questions in the last lecture unit
• additional self-study with the help of the script
• transcript of presented lecture contents as supplement to the script

written exam (duration: 1 hour)