Podcast
Questions and Answers
Which stage of the project is cost planning and the preparation of construction cost estimates typically done?
Which stage of the project is cost planning and the preparation of construction cost estimates typically done?
- Design stage (correct)
- Post-construction stage
- Construction stage
- Pre-design stage
What is the purpose of cost management in construction projects?
What is the purpose of cost management in construction projects?
- To ensure the project meets quality standards
- To ensure the project is well-defined
- To ensure the project is completed on time
- To ensure the project stays within budget (correct)
What is the role of the architect in cost planning and control?
What is the role of the architect in cost planning and control?
- To guarantee the construction cost estimate
- To hire cost consultants
- To establish an ongoing relationship with a quantity surveyor
- To provide cost advice and project cost management (correct)
What is the purpose of a project contingency?
What is the purpose of a project contingency?
Which method is useful for preliminary budgeting because the result is general in nature and more obviously 'approximate'?
Which method is useful for preliminary budgeting because the result is general in nature and more obviously 'approximate'?
When should the architect limit the use of extensive floor area cost data?
When should the architect limit the use of extensive floor area cost data?
Which method is not widely used, except for certain specialized building types such as warehousing?
Which method is not widely used, except for certain specialized building types such as warehousing?
Which method uses simplified historic data as a basis for calculating cost?
Which method uses simplified historic data as a basis for calculating cost?
Which one of the following is the best definition of Construction Cost Estimate?
Which one of the following is the best definition of Construction Cost Estimate?
Which one of the following is excluded from the Construction Cost?
Which one of the following is excluded from the Construction Cost?
Which one of the following is the best definition of Construction Contingency?
Which one of the following is the best definition of Construction Contingency?
Which method is commonly used for estimating construction cost during design?
Which method is commonly used for estimating construction cost during design?
What is the advantage of using the elemental cost method for estimating construction cost?
What is the advantage of using the elemental cost method for estimating construction cost?
What is the disadvantage of using the elemental cost method for estimating construction cost?
What is the disadvantage of using the elemental cost method for estimating construction cost?
What does the term 'cost per square metre/per square foot' refer to?
What does the term 'cost per square metre/per square foot' refer to?
Which of the following is NOT a key factor in the success of a cost estimation method?
Which of the following is NOT a key factor in the success of a cost estimation method?
Which format is usually used by contractors for preparing tenders and applications for payment?
Which format is usually used by contractors for preparing tenders and applications for payment?
Which method of cost estimation is performed when little information is available about the project at hand?
Which method of cost estimation is performed when little information is available about the project at hand?
Which of the following is NOT a recommended practice for architects when using cost information in a project?
Which of the following is NOT a recommended practice for architects when using cost information in a project?
