Server Help?

FYI: I am doing my first year at university, just got given first computing assignment - Build computers.

Ok, i need some advice: what do I do with this?

"Computer 3 is a server computer with an Intel S4600LT2 Motherboard.
It is to be used as an application server on the network."

And how would i go about building/compiling the parts?

Try to get some computer training like A+ certification before you build your computer. In fact you should have done that before you go to university : http://certification.comptia.org