Podcast
Questions and Answers
Which stage of the project is cost planning typically done?
Which stage of the project is cost planning typically done?
- Post-construction stage
- Construction stage
- Pre-design and design stages (correct)
- All stages of the project
What is the purpose of cost management in construction projects?
What is the purpose of cost management in construction projects?
- To ensure the project is well-defined
- To predict the project budget
- To control construction costs
- All of the above (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?
- Preparing cost estimates
- Managing design and construction documentation
- Hiring cost consultants
- All of the above (correct)
What should the architect emphasize to clients regarding cost estimating?
What should the architect emphasize to clients regarding cost estimating?
Which one of the following best describes the Construction Budget?
Which one of the following best describes the Construction Budget?
Which one of the following is NOT included in the Construction Cost?
Which one of the following is NOT included in the Construction Cost?
What does the term 'Element' refer to in cost estimating?
What does the term 'Element' refer to in cost estimating?
Which method of cost estimating is commonly used during the design phase of a construction project?
Which method of cost estimating is commonly used during the design phase of a construction project?
What is the advantage of using the elemental cost method?
What is the advantage of using the elemental cost method?
What is the disadvantage of using the elemental cost method?
What is the disadvantage of using the elemental cost method?
What is the most accurate method of cost estimating for a construction project?
What is the most accurate method of cost estimating for a construction project?
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 the Uniformat format?
What is the purpose of the Uniformat format?
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 typical condition in a client-architect agreement regarding cost estimates?
What is the typical condition in a client-architect agreement regarding cost estimates?
Which method of estimating cost is useful for preliminary budgeting because the result is general in nature and more obviously 'approximate'?
Which method of estimating cost is useful for preliminary budgeting because the result is general in nature and more obviously 'approximate'?
What is one advantage of using the floor area method for cost estimation?
What is one advantage of using the floor area method for cost estimation?
In what cases is the volume method of parametric estimating commonly used?
In what cases is the volume method of parametric estimating commonly used?
What is the difference between unit use cost estimation and unit cost estimation?
What is the difference between unit use cost estimation and unit cost estimation?
