CIOB Global Student Challenge 2022
Global Student Challenge is an annual competition run by the Chartered Institute of Building that provides built environment students with an opportunity to apply their learning to a real-world scenario of running their own virtual construction company. Teams will be entering from Universities across the world.
The competition utilises MERIT, an online game which simulates the management of a construction company.
You’ll enter as a team of four (ultimately decided by UTS Academic), and you’ll be tasked with managing your own virtual construction company. Each team member will have a role. These roles could include a Financial Manager, Overheads Manager, Construction Manager and Estimating Manager, each with their own responsibilities.
During the game, your team will be given data and graphs to help you analyse company performance, including client information, value of contracts, company financials, share price, investments, turnover, profit, value, overheads, staff & agency, capacity and training costs.
There are six weekly rounds in the Early Years stage of the competition. Your team will be scored each week against Key Performance Indicators, including Gross Profit to Turnover ratio, Operating Profit to Turnover ratio, Company Value, Share Price and Client Satisfaction. This score will determine your position with the overall competition rankings – and it’ll be the top six teams who become our finalists!
SELECTION CRITERIA
Due to limited numbers, students registering interest must meet these minimum requirements:
Minimum WAM of 74 and a Minimum of 96 credit points completed (inclusive of Spring 2021).
Commitment – Minimum 4-6hours per week from 15/01/2022 - 03/06/2022
Attitude and Mindset - Collaborative, motivating, open-minded, critical thinker
Demonstrable teamwork skills in and outside the university(this is to encourage high performing groups who have worked together successfully through the course to participate)
Passion for and knowledge of the construction industry
Note:
This will be taken as an elective subject (therefore, there will be some coursework in addition to the actual competition (e.g. reflective essay in addition to the group work and performance as assessable components)
Each team will be mentored by industry people and BCPM academics
The registration fee will be paid by the BCPM course through the school and industry sponsorships
