19 Questions
Which of the following is an advantage of hiring quantity surveyors for cost consulting?
They have access to up-to-date archival material
What is a disadvantage of relying on unit costs provided by quantity surveyors?
They are usually historical
When should architects seek expert advice from independent professional experts or development/construction experts?
When they have developed in-house knowledge and systems
Which of the following is NOT a component that the life cycle costs analysis assesses for each element of a building?
Operating costs
When is the best time to apply value analysis or value engineering?
During the schematic design phase
What is the objective of value engineering?
To minimize construction cost while maintaining quality
What does embodied energy cost analysis assess?
All of the above
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?
15%-25%
What is the purpose of showing a single contingency amount at the bottom of a budget?
To indicate the full extent of the contingency allowance
Which phase of the architectural project involves establishing a preliminary design and a construction cost estimate based on reliable information?
Schematic Design Phase
What is the architect's role during the Bidding and Negotiation Phase of the architectural project?
To analyze the bids received from contractors
Which of the following is a disadvantage of using construction industry sources for cost information?
All of the above
What type of data are construction price index publications useful for?
Identifying trends and differences in national, regional, and local costs
Which of the following is true about government agency data for construction cost estimates?
They are more useful for calculating the cost of a specific building than for identifying trends and differences in costs
What should architects do before using information from construction industry sources?
All of the above
Which type of project typically requires unit prices?
Large civil engineering projects
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?
All of the above
Which method is well-suited for assessing the contractor's schedule of values submitted at the outset of the construction phase?
Elemental cost analysis method
What is the objective of life cycle costing?
All of the above
Understanding Contingencies in Project Budgeting: Differentiating Design and Construction Contingencies
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