In order to encourage and promote excellence in undergraduate education, awards are offered to the undergraduates of the Honours Degree of Bachelor of Science in Quantity Surveying programme and Honours Degree of Bachelor of Science in Facilities Management programme.
- Gold Medal for the Quantity Surveying Graduand who has obtained the highest Overall Grade Point Average of 3.7 or above at the B.Sc. Quantity Surveying Degree examinations.(Donated by Institute of Quantity Surveyors Sri Lanka)
- Gold Medal for the Facilities Management Graduand who has obtained the highest Overall Grade Point Average of 3.7 or above at the B.Sc. Facilities Management Degree examinations.(Donated by Royal Institution of Chartered Surveyors)
- Professor H.P.S. Caldera memorial award is offered to the graduand who has obtained the highest marks for the dissertation of over 70% which is submitted for the completion of Honours Degree of Bachelor of Science in Quantity Surveying. (Donated by Building Economics Students Society)
- Professor Gamunu Fernando memorial award is offered to the graduand who has obtained the highest marks for the dissertation of over 70% which is submitted for the completion of Honours Degree of Bachelor of Science in Facilities Management. (Donated by Building Economics Students Society)
In addition, the University holds annual Awards Ceremony and Colours Night to recognise and appreciate academic and non-academic related outstanding performance of both staff and students.