Factors Affecting Architects' Work

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Which method is not widely used for estimating costs based on volume?

Parametric estimating: area

Elemental cost method

Parametric estimating: volume (correct)

Parametric estimating: unit use

What is the purpose of using the Parametric estimating: unit use method?

To calculate overall project costs

To estimate costs based on volume

To calculate building and component costs (correct)

To provide general cost advice

Which class level of cost estimates aligns with the greatest accuracy?

Class D

Class C

Class B

Class A (correct)

What factor can cause construction costs to vary due to economic cycles?

Inflation Signup and view all the answers

Which two formats of cost estimates are widely accepted in the construction industry?

Uniformat and MasterFormat 2016 Signup and view all the answers

What is the purpose of Uniformat II?

To present cost estimation information in a structured system Signup and view all the answers

Which method of cost estimation is performed when little information is available about the project?

Analogous Cost Estimating Signup and view all the answers

What is the most accurate method of cost estimation that requires extensive effort from all parties involved in the construction project?

Bottom-up Cost Estimating Signup and view all the answers

Which one of the following best describes the Construction Budget?

The maximum amount of money the client is prepared to spend on the construction cost Signup and view all the answers

What does the Construction Cost include?

The cost of changes to the work during construction Signup and view all the answers

What does the Construction Cost Estimate represent?

The anticipated total construction cost at the anticipated time of construction Signup and view all the answers

What is a Construction Contingency?

A reserve included in the construction cost estimate established to provide funds for the implementation of risk management strategies Signup and view all the answers

Which of the following is the correct definition of a project budget?

The estimated total expenditure for the entire project, including construction budget, professional fees, and all other costs to the client. Signup and view all the answers

When is cost planning typically done during a construction project?

During the pre-design and design stages. Signup and view all the answers

What is the architect's responsibility in preparing cost estimates?

To deliver the normal, professional standard of care in preparing an estimate of probable construction costs and providing cost advice. Signup and view all the answers

What is the liability of the architect for incorrect cost estimates?

The architect is liable for incorrect cost estimates, regardless of whether they are acting as the project manager or providing limited services. Signup and view all the answers

Which of the following is a disadvantage of obtaining cost estimating advice from quantity surveyors?

They may provide unreliable information Signup and view all the answers

What is the purpose of establishing contingency allowances in a budget estimate?

To account for design and construction uncertainties Signup and view all the answers

Which phase of the architectural project involves establishing a preliminary design and a construction cost estimate for the project?

Schematic design phase Signup and view all the answers

Which of the following factors can affect construction costs?

All of the above Signup and view all the answers

What type of information can be obtained from construction price index data?

Trends and differences in national, regional, and local costs Signup and view all the answers

What is the purpose of the functional program in a design project?

To define the owner's and users' functional requirements Signup and view all the answers

What can be a result of changes in the functional program of a project?

Cost increases Signup and view all the answers

How can contractual relationships between the owner and the contractor impact the cost of a project?

They can increase the construction budget Signup and view all the answers

During which phase does the architect analyze the bids received from contractors?

Phase E. Bidding and Negotiation Phase Signup and view all the answers

Which document provides guidance on calling bids and awarding construction contracts?

CCDC 23 – A Guide to Calling Bids and Awarding Construction Contracts Signup and view all the answers

What should the architect determine when preparing the bidding documents?

The cost information needed Signup and view all the answers

Which combination of base bid and acceptable alternative prices may be the choice of greatest value to the owner?

The lowest combination Signup and view all the answers

What should the architect and owner be mindful of during the bidding process?

Bidding law and preferential treatment Signup and view all the answers

What are itemized prices in the bidding documents used for?

To provide information about specific items or sections of work Signup and view all the answers