ESTATE MANAGEMENT

ESM 501
Applied Valuation I
ESM 501 | ESM | 1st Semester |

Course Synopsis

This course is a final year property valuation course designed primarily for students in the Department of Estate Management. The focus of the course is to provide the students with the ability to deal with practical valuation problems. This will enable them face the challenges in the work environment after completion of their program in school. Topics to be covered include mortgage valuation, insurance valuation, general principles of compulsory purchase and compensation, Developmental valuation, going concern valuation and valuation of way leaves and royalties.

ESM 503
Land Use and Resources I
ESM 503 | ESM | 1st Semester |

Course Synopsis

The course covers uses of land, control of land uses and conservation of land for sustainability

ESM 505
Applied Property Management I
ESM 505 | ESM | 1st Semester |  Download Courseware PDF

Course Synopsis

The course covers topics like development and redevelopment process. Property management in relation to social, political, economic, physical and location aspects. Property management process, strategy of estate owner and choice of alternatives to achieve owner’s objectives. Management techniques including PPB’s critical path analysis. MBO and MBE, PERT.

ESM 507
Feasibility and Viability Studies I
ESM 507 | ESM | 1st Semester |

Course Synopsis

This course is the first part of Feasibility and Viability Studies, designed primarily for students in the Estate Management department who are near graduation. The course provides hands-on training in the feasibility and viability appraisals of basically private projects which are mainly for financial return. The course covers investment appraisal under condition of certainty. Topics to be covered include concept of feasibility and viability appraisal, attributes of a good feasibility and viability appraisal, investment appraisal and types of project, traditional and modern appraisal techniques among others.

QSV 407
ADR in Construction
QSV 407 | ESM | 1st Semester |  Download Courseware PDF

Course Synopsis

This course is descriptive, the course in alternative dispute resolution in construction is designed primarily for students in quantity surveying and allied disciplines. The focus is to impart useful skills on the students in order to enhance their knowledge of other means of settling conflict apart from litigation and prepare them for successful professional practice after graduating from University. Topics to be covered include Litigation, Multi-door courthouse, dialogue, mediation, conciliation, meditative-conciliation, mini-trial, executive tribunal, non-binding adjudication, adjudication in construction. The nature and function of arbitration in relation to building contract disputes, the parties to arbitration, the arbitrator, his duties and powers, the procedure in arbitration, discussion of a few case studies.

QSV 509
Introduction to Industrial Construction Works
QSV 509 | ESM | 1st Semester |  Download Courseware PDF

Course Synopsis

This course includes description of the production process, raw materials, equipment/components and supporting ancillaries in the following industrial facilities: Liquefied Natural Gas (LNG) plant (train) and Liquefied Petroleum Gas (LPGD) Refinery and petrochemical plant, Tank farms (oil depots). Flow stations and oil pipeline, Light and heavy engineering manufacturing e.g. machine tools, tractors, equipment, Power plant/station (hydro/thermal /gas/wind/solar/etc). Canning and bottling plant, Iron and steel plant, Aluminum smelting and production plant, Paper and pulp manufacturing plant Ginnery and textile plant, Electronic and computer production factory, Pharmaceutical production factory, Chemical and paint manufacturing, Airplane hanger and helipad construction, Sugar and salt refinery, Water treatment plant, Flexible manufacturing systems (FMS), and Mining & quarrying. Teaching will also include explanations with the aid of annotated and detailed drawings as sell as visits to major industry facilities

URP 413
Environmental Impact Assessment
URP 413 | ESM | 1st Semester |

Course Synopsis

This course aims to introduce students to the procedure for carrying out Environmental Impact Assessment (EIA) on programs and projects. Specifically, the students shall be equipped with the concept, methodologies and tools of EIA. The various steps and processes involved in EIA such as screening, scoping, mitigation, environmental management plan among others shall be disseminated to the students. Various laws, regulations and standards relating to EIA shall be exposed to the students in this course. All mandatory projects that require an EIA and those that do not require an EIA shall be enumerated. In addition, the course shall introduce the process for carrying out environmental auditing to the students. Finally, biodiversity and biodiversity conservation shall be emphasized in the course.

ESM 502
Applied Valuation II
ESM 502 | ESM | 2nd Semester |  Download Courseware PDF

Course Synopsis

This course is a final year property valuation course designed primarily for students in the Department of Estate Management. The focus of the course is to provide the students with the ability to deal with practical valuation problems. This will enable them face the challenges in the work environment after completion of their program in school. Topics to be covered include mineral valuation, probate valuation, capital gains tax, life interest in valuation, valuation for auction reserve and environmental valuation.

ESM 504
: Land Use and Resources II
ESM 504 | ESM | 2nd Semester |  Download Courseware PDF

Course Synopsis

The course spans through the various uses of urban and rural lands and conservation and sustainability of our natural resources. The problems of environmental degradation and pollution from the hot and arid area of the country down to thehumid and wetlands of the south are also considered.

ESM 506
Applied Property Management II
ESM 506 | ESM | 2nd Semester |  Download Courseware PDF

Course Synopsis

The course covers topics like Leasing agreement, rent collections, insurance maintenance and other obligations. Conservation of property. Property Identification and feasibility studies. Management of residential commercial and industrial properties, selection of tenants; restrictive covenants, tenancy agreements and their termination.

ESM 508
Feasibility and Viability Studies II
ESM 508 | ESM | 2nd Semester |  Download Courseware PDF

Course Synopsis

This course is a continuation of Feasibility and Viability Studies I (ESM 507), designed primarily for students in the Estate Management department who are near graduation. However, it also meets the need of students in other fields because the course provides requisite training in the feasibility and viability appraisals of public projects which may transcend the purview of real estate profession. Topics to be covered include investment appraisal under condition of uncertainty and appraisal of public sector developments.

ESM 510
Professional Practice and Procedure
ESM 510 | ESM | 2nd Semester |  Download Courseware PDF

Course Synopsis

This course is aimed at introducing the students to professional issues in the practice of Estate Management and Valuation. The course contents include: rules of professional practice and code of conduct, The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), other professional bodies and Institutions in Nigeria. Professional firms, groups, partnerships and their organisation and management. Other international professional institutions-The Royal Institution of Chartered Surveyors (RICS), The Commonwealth Association of Surveying and Land Economy (CASLE), the FIABCI, American Society of Appraisers (ASA) etc. Office Procedure and management-Organisation of personnel, job description, chain of authority, departmentalization, specialization. Office organisation; office records, communication and coordination, office procedures: cashflow, management, personnel. The role of an Estate Surveyor and Valuer in the public and private sectors and relations with other professionals etc.