Podcast
Questions and Answers
Which stage of a construction project is cost planning typically done?
Which stage of a construction project is cost planning typically done?
- Post-construction stage
- All stages
- Pre-design and design stages (correct)
- Construction stage
What is the purpose of cost control in a construction project?
What is the purpose of cost control in a construction project?
- To ensure the project is completed on time
- To estimate the probable construction cost
- To ensure the project meets quality standards
- To monitor and manage construction costs (correct)
What should architects do to ensure effective cost management?
What should architects do to ensure effective cost management?
- Hire the best available cost consultants
- Form an alliance with contractors
- Establish a relationship with a quantity surveyor
- All of the above (correct)
What condition is typically included in a client-architect agreement regarding cost estimates?
What condition is typically included in a client-architect agreement regarding cost estimates?
Which method is commonly used by quantity surveyors or those experienced in the calculation of building costs?
Which method is commonly used by quantity surveyors or those experienced in the calculation of building costs?
What is the advantage of using the elemental cost method?
What is the advantage of using the elemental cost method?
Which method uses simplified historic data as a basis for calculating cost?
Which method uses simplified historic data as a basis for calculating cost?
What is the disadvantage of using parametric estimating: Volume?
What is the disadvantage of using parametric estimating: Volume?
Which two formats are widely accepted for presenting construction cost information?
Which two formats are widely accepted for presenting construction cost information?
What is the purpose of Uniformat II?
What is the purpose of Uniformat II?
Which method of cost estimation is performed when little information is available about the project?
Which method of cost estimation is performed when little information is available about the project?
What is the most accurate method of cost estimation that requires extensive effort from all parties involved in the construction endeavor?
What is the most accurate method of cost estimation that requires extensive effort from all parties involved in the construction endeavor?
Which one of the following is the definition of Construction Budget?
Which one of the following is the definition of Construction Budget?
What does Construction Cost Estimate refer to?
What does Construction Cost Estimate refer to?
What is the purpose of Construction Contingency?
What is the purpose of Construction Contingency?
What is an Element in cost estimating?
What is an Element in cost estimating?
Which of the following factors can affect construction costs?
Which of the following factors can affect construction costs?
What is the range of construction costs mentioned in the text?
What is the range of construction costs mentioned in the text?
What can be a reason for cost increases in a construction project?
What can be a reason for cost increases in a construction project?
What should architects consider before using raw cost data for estimates?
What should architects consider before using raw cost data for estimates?
Which of the following is NOT a source of expertise directly from the construction industry?
Which of the following is NOT a source of expertise directly from the construction industry?
What is the purpose of contingency allowances in a budget estimate?
What is the purpose of contingency allowances in a budget estimate?
What is the recommended range for construction contingencies during the early stages of a project?
What is the recommended range for construction contingencies during the early stages of a project?
What is the advantage of using up-to-date cost forecasting information in the schematic design phase?
What is the advantage of using up-to-date cost forecasting information in the schematic design phase?
During which phase does the architect analyze the bids received from contractors?
During which phase does the architect analyze the bids received from contractors?
What document should the architect refer to for information on preparing the bidding documents?
What document should the architect refer to for information on preparing the bidding documents?
What is the architect's role in determining the best overall value for the client?
What is the architect's role in determining the best overall value for the client?
What should the owner and architect be mindful of during the bidding process?
What should the owner and architect be mindful of during the bidding process?
What are itemized prices?
What are itemized prices?
What should unit prices be used for?
What should unit prices be used for?
