- Details
- Hits: 2745
- The challenge is open to teams studying courses accredited by the CIOB at an accredited university/college, or universities/college recognised by the CIOB through reciprocity agreements (NBCMA and ACCE).
- Each team shall be made up of 4 members (age irrelevant).
- There should be no more than one postgraduate member in each team.
- Each member of the team will assume the responsibility of a board member of their "company".
- Support may be taken from two "non-executive directors".
- Non-executive directors must be under the age of 35. Where possible one non-executive should be a member of the local CIOB Novus group.
- Non-executive directors can mentor and advise the team. They must not actively participate in the team's decision-making process.
- The university or team should contact their local CIOB branch/ Centre to determine if there is a member of Novus available to take on the role of non-executive director/ mentor.
- The CIOB do not guarantee that there will be a Novus member available to take on the role of non-executive director/ mentor for each team.
- Where there are no Novus members available to act as non-executive directors, the team can choose their own non-executive director/ mentor.
- Non-executive directors will not participate in the Finals.
- All members of the team will be required to register as CIOB student members. Membership for student is free.
- Details
- Hits: 4826
The business game supporting the CIOB Global Student Challenge initiative is MERIT, developed at Loughborough University and used to train young professionals since 1988, it has been used as part of in-course modules in degree programmes.
MERIT simulates the management of a construction company.
Teams of four students acting as a board of directors will manage their own simulated company. Each team can appoint two local non-executives, under the age of 35, at least one being a local CIOB Novus member. Non-executives can mentor and advise the team, but not actively participate in the team’s decision making. Non- executives will not participate in the finals.
The business decisions will include: the staffing of head offices with marketing; estimating; measurement and other support staff; bidding for work, staffing projects with project managers, labour and sub-contractors; determining the size of the company by the amount of capital invested; disbursing the profits to shareholders or reinvesting in the company or other investments; or to manage debt.
MERIT has a record of providing training in company, business and financial management all in a construction context.