30 Questions
Which method is not widely used for estimating costs based on volume?
Parametric estimating: volume
What is the purpose of using the Parametric estimating: unit use method?
To calculate building and component costs
Which class level of cost estimates aligns with the greatest accuracy?
Class A
What factor can cause construction costs to vary due to economic cycles?
Inflation
Which two formats of cost estimates are widely accepted in the construction industry?
Uniformat and MasterFormat 2016
What is the purpose of Uniformat II?
To present cost estimation information in a structured system
Which method of cost estimation is performed when little information is available about the project?
Analogous Cost Estimating
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
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
What does the Construction Cost include?
The cost of changes to the work during construction
What does the Construction Cost Estimate represent?
The anticipated total construction cost at the anticipated time of construction
What is a Construction Contingency?
A reserve included in the construction cost estimate established to provide funds for the implementation of risk management strategies
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.
When is cost planning typically done during a construction project?
During the pre-design and design stages.
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.
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.
Which of the following is a disadvantage of obtaining cost estimating advice from quantity surveyors?
They may provide unreliable information
What is the purpose of establishing contingency allowances in a budget estimate?
To account for design and construction uncertainties
Which phase of the architectural project involves establishing a preliminary design and a construction cost estimate for the project?
Schematic design phase
Which of the following factors can affect construction costs?
All of the above
What type of information can be obtained from construction price index data?
Trends and differences in national, regional, and local costs
What is the purpose of the functional program in a design project?
To define the owner's and users' functional requirements
What can be a result of changes in the functional program of a project?
Cost increases
How can contractual relationships between the owner and the contractor impact the cost of a project?
They can increase the construction budget
During which phase does the architect analyze the bids received from contractors?
Phase E. Bidding and Negotiation Phase
Which document provides guidance on calling bids and awarding construction contracts?
CCDC 23 – A Guide to Calling Bids and Awarding Construction Contracts
What should the architect determine when preparing the bidding documents?
The cost information needed
Which combination of base bid and acceptable alternative prices may be the choice of greatest value to the owner?
The lowest combination
What should the architect and owner be mindful of during the bidding process?
Bidding law and preferential treatment
What are itemized prices in the bidding documents used for?
To provide information about specific items or sections of work
Test your knowledge on factors affecting architects' work, including regulations, inconvenient work arrangements, and cost planning in this quiz. Explore how architects proactively address owner's requirements and identify unusual site-specific factors that impact building design and construction.
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