Podcast
Questions and Answers
Which of the following is an advantage of hiring quantity surveyors for cost consulting?
Which of the following is an advantage of hiring quantity surveyors for cost consulting?
- They provide services at an hourly rate
- They are connected to real-time costs
- They offer detailed cost breakdowns
- They have access to up-to-date archival material (correct)
What is a disadvantage of relying on unit costs provided by quantity surveyors?
What is a disadvantage of relying on unit costs provided by quantity surveyors?
- They are usually historical (correct)
- They are limited to major trade divisions
- They are based on contractors' costs
- They are connected to real-time costs
When should architects seek expert advice from independent professional experts or development/construction experts?
When should architects seek expert advice from independent professional experts or development/construction experts?
- When they want to double-check cost credibility
- When they require information on comparable projects
- When they need assistance with architectural design
- When they have developed in-house knowledge and systems (correct)
Which of the following is NOT a component that the life cycle costs analysis assesses for each element of a building?
Which of the following is NOT a component that the life cycle costs analysis assesses for each element of a building?
When is the best time to apply value analysis or value engineering?
When is the best time to apply value analysis or value engineering?
What is the objective of value engineering?
What is the objective of value engineering?
What does embodied energy cost analysis assess?
What does embodied energy cost analysis assess?
During the design process, contingency allowances are applied to project and construction budgets. What is the range of contingencies at the early stages of a project?
During the design process, contingency allowances are applied to project and construction budgets. What is the range of contingencies at the early stages of a project?
What is the purpose of showing a single contingency amount at the bottom of a budget?
What is the purpose of showing a single contingency amount at the bottom of a budget?
Which phase of the architectural project involves establishing a preliminary design and a construction cost estimate based on reliable information?
Which phase of the architectural project involves establishing a preliminary design and a construction cost estimate based on reliable information?
What is the architect's role during the Bidding and Negotiation Phase of the architectural project?
What is the architect's role during the Bidding and Negotiation Phase of the architectural project?
Which of the following is a disadvantage of using construction industry sources for cost information?
Which of the following is a disadvantage of using construction industry sources for cost information?
What type of data are construction price index publications useful for?
What type of data are construction price index publications useful for?
Which of the following is true about government agency data for construction cost estimates?
Which of the following is true about government agency data for construction cost estimates?
What should architects do before using information from construction industry sources?
What should architects do before using information from construction industry sources?
Which type of project typically requires unit prices?
Which type of project typically requires unit prices?
According to the Canadian Standard Form of Contract for Architectural Services, what should the architect do if the lowest bona fide bid exceeds the construction cost estimate by a predetermined amount?
According to the Canadian Standard Form of Contract for Architectural Services, what should the architect do if the lowest bona fide bid exceeds the construction cost estimate by a predetermined amount?
Which method is well-suited for assessing the contractor's schedule of values submitted at the outset of the construction phase?
Which method is well-suited for assessing the contractor's schedule of values submitted at the outset of the construction phase?
What is the objective of life cycle costing?
What is the objective of life cycle costing?
