Four students from Scotland’s Glasgow Caledonian University have won the third annual CIOB Global Student Challenge competition, beating five international teams in a five-months-long contest to successfully run a virtual construction firm.
They received £2,000 in prize money, and access to mentoring from industry leaders who will offer advice and guidance on professional development.
In the final, held at the Grand Hyatt Hong Kong, the team, called, Cali Construction, held off the challenge from five teams from Australia, Hong Kong, South Africa and China.
In the competition, teams run a virtual construction company in a simulated environment using the MERIT software.
Developed at Loughborough University, it has been used to train young professionals since 1988 as part of in-course modules in degree programmes.
The software enables students to develop business management skills, requiring them to take decisions on staffing levels, estimating and bidding, managing cash flow and capital and seeking investment opportunities.