Life Cycle Costs in Building Analysis

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Which type of owner is likely to expect completed projects at or below target costs?

Developers

Government agencies

Public institutions

Commercial and industrial corporations (correct)

What are some factors that can affect construction project costs?

Design requiring high standards of quality

Rigorous quality control procedures

Limited authority or control over key stakeholders

All of the above (correct)

What does the functional program define for the design project?

The architect's functional requirements

The user's functional requirements

The design team's functional requirements

The owner's functional requirements (correct)

According to the text, what are two project risks that architects should proactively mitigate?

Unstated stakeholder requirements and requirements of unidentified stakeholders Signup and view all the answers

What can be a result of a functional program that was not validated against the construction cost estimate?

Cost overruns Signup and view all the answers

Which of the following can affect the construction budget?

Late commencement due to winter conditions Signup and view all the answers

What should architects do when using historic cost data for project forecasts?

Make adjustments for specific issues Signup and view all the answers

Which of the following is NOT one of the three types of costs in life cycle costing?

Design costs Signup and view all the answers

What is the formula for calculating the total cost of a building in life cycle costing?

Total Cost = Capital Cost + Operating Cost + Maintenance Cost Signup and view all the answers

When should the architect discuss the importance of life cycle costs with the client?

During the design development phase Signup and view all the answers

What is the purpose of value engineering in a construction project?

To reduce capital spending Signup and view all the answers

Which of the following is true about construction price index data?

They show trends but may be out of date Signup and view all the answers

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

To allocate funds for design and construction contingencies Signup and view all the answers

What is the recommended approach for architects when using construction cost data?

Build forecasts using data carefully and methodically Signup and view all the answers

What is the purpose of the checklist for the management of the architectural project?

To ensure all cost estimating tasks are completed by the architect Signup and view all the answers

Which of the following best describes the objective in construction cost management?

Minimize construction cost and maintain quality through the substitution of alternative materials and systems. Signup and view all the answers

Under what circumstances can the substitution of inferior or inappropriate products occur?

When the owner chooses to engage an independent reviewer. Signup and view all the answers

What is the purpose of Embodied Energy Cost Analysis?

To assess the environmental impacts and energy consumption of building materials in buildings. Signup and view all the answers

Which phase of the project involves refining the building's scope, design, quality, and details to ensure they will not exceed the limits of the construction cost budget?

Phase C. Design Development Phase Signup and view all the answers

During which phase does the architect update the construction cost estimate based on the construction documents?

Phase D. Construction Documentation Phase Signup and view all the answers

What cost information does the architect need to consider during the bidding and negotiation phase?

All of the above Signup and view all the answers

Which phase of the project involves the architect determining the amounts owing to the contractor and processing the contractor's application for payment?

Phase F. Contract Administration Phase Signup and view all the answers

Which of the following is a disadvantage of using quantity surveyors for cost estimating?

Unit costs are usually historical and often not connected to real-time costs Signup and view all the answers

What is one advantage of obtaining expert advice from independent professional experts (quantity surveyors)?

They have up-to-date archival material that is easily accessible Signup and view all the answers

What is a recommended practice for architects when using the services of a quantity surveyor?

Monitor every aspect of their work to ensure the information is applicable to the current project Signup and view all the answers

What is an advantage of obtaining cost calculations from construction managers and other development/construction experts?

Reliability of cost calculations increases using unit costs assigned to area measurements Signup and view all the answers