Question 1

What should I focus on for SEG Awards Occupational Qualification Construction & Building Services?

Accepted Answer

Always contextualise economic theory with current, specific construction industry examples (e.g., how a change in Bank of England base rate affects housebuilding demand) to show applied understanding.

Question 2

What should I focus on for SEG Awards Occupational Qualification Construction & Building Services? (2)

Accepted Answer

For financial report questions, meticulously label each figure and provide a workings column or notes to demonstrate the source of amounts, as assessors award marks for process as well as numerical accuracy.

Question 3

What should I focus on for SEG Awards Occupational Qualification Construction & Building Services? (3)

Accepted Answer

When analysing business performance, go beyond ratio calculation—comment on what the ratios mean for liquidity, profitability, and long-term solvency in a construction context.

Question 4

What should I focus on for SEG Awards Occupational Qualification Construction & Building Services? (4)

Accepted Answer

In questions on market analysis, use diagrams (demand/supply curves) where appropriate, but accompany them with explanatory text linking directly to construction scenarios such as materials shortages or client budget changes.

Question 5

What should I focus on for SEG Awards Occupational Qualification Construction & Building Services? (5)

Accepted Answer

When creating programmes, always justify your choice of sequencing and highlight the critical path to demonstrate advanced understanding.

Question 6

What are common mistakes in SEG Awards Occupational Qualification Construction & Building Services?

Accepted Answer

Confusing microeconomic factors (e.g., market equilibrium, firm behaviour) with macroeconomic impacts (e.g., GDP, interest rates) when explaining construction industry dynamics.

Question 7

What are common mistakes in SEG Awards Occupational Qualification Construction & Building Services? (2)

Accepted Answer

Failing to distinguish between different business structures, such as assuming unlimited liability applies to all entities, or misapplying the capital raising and profit distribution rules of a limited company.

Question 8

What are common mistakes in SEG Awards Occupational Qualification Construction & Building Services? (3)

Accepted Answer

Misinterpreting standard accounting reports—for example, treating a cash flow statement as a profit and loss account, or omitting accruals and prepayments when preparing financial statements.

Construction & Building Services

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SEG Awards Level 4 Diploma in Quantity Surveying

SEG Awards Level 5 Diploma in Quantity Surveying

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