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APC QS: Design Economics and Cost Planning > 1.1 The rules under which Order of Cost Estimates > Flashcards

1.1 The rules under which Order of Cost Estimates Flashcards

1
Q

Why do we have the NRM’s?

A

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2
Q

What do we use NRM 1 for?

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3
Q

What do we use NRM 2 for?

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4
Q

What do we use NRM 3 for?

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5
Q

Talk me through the RIBA design stages and how you would cost plan at each stage?

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6
Q

What would you typically find in a facilitating works estimate?

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7
Q

You have a few basic drawings. How do you proceed to prepare an estimate.

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8
Q

What is a functional cost estimate?

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9
Q

What information do we need to produce a functional cost estimate?

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10
Q

In what RIBA stages would you be likely to produce a functional cost estimate?

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11
Q

What design information do you need to produce a functional cost estimate?

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12
Q

With no design information what would you include in an estimate? A cost per/m2 or a cost per head of pupil for schools for example.

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13
Q

What is a functional unit? Where would you find a list of functional units?

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14
Q

Would you obtain a functional unit rate?

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15
Q

From a construction technology point of view when obtaining a functional unit rate what sort of questions would you ask the client?

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16
Q

How did you update historical cost data to account for location and time when working out a functional unit rate?

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17
Q

What is the name of the cost you have worked out when you multiply the functional unit by the functional unit rate?

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18
Q

Give some examples of some typical functional unit rates

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19
Q

What is a floor area cost estimate?

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20
Q

What information do we need to produce a floor area cost estimate?

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21
Q

In what RIBA stages would you be likely to produce a floor area estimate?

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22
Q

How do you work out the GIFA of a building?

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23
Q

What is the definition of gross internal floor area? Do you include voids and columns in your calculation?

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24
Q

What do we mean by COMP 6 or IPMS2?

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25
Q

What are some key differences between COMP 6 and IPMS 2?

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26
Q

To what sectors does IPMS 2 apply?

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27
Q

Can you explain what the internal dominant face rule is? How do you determine what the internal dominant face is?

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28
Q

Under IPMS 2 explain what the component areas are.

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29
Q

Under IPMS 2 explain what the areas of limited use are. Give some examples.

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30
Q

How would you obtain a GIFA rate?

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31
Q

What information do you need in able to use IPMS?

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32
Q

What are the issues with using IPMS2?

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33
Q

From a construction technology point of view when obtaining a GIFA rate what sort of questions would you ask the client?

A

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34
Q

How did you update historical cost data to account for location and time when working out a GIFA rate?

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35
Q

What is the name of the cost you have worked out when you multiply the GIFA by the GIFA rate?

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36
Q

Give some example of some typical GIFA rates

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37
Q

What is an elemental cost estimate?

38
Q

What information do you need to produce an elemental cost estimate?

39
Q

What level of specification would you need to produce an elemental cost estimate?

40
Q

In what RIBA stages would you be likely to produce an elemental cost estimate?

41
Q

Give some specific examples of elemental units which would be included in an elemental cost estimate

42
Q

When using an elemental rate for a substructure what sub-elements will this rate cover?

43
Q

How would you obtain elemental rates?

44
Q

How did you update historical cost data to account for location and time when working out elemental rates?

45
Q

What is the name of the cost you have worked out when you multiply the elemental unit by the elemental unit rates and add them all together?

46
Q

Give some examples of some typical elemental unit rates

47
Q

Other than building works costs what other costs do you include in your cost estimate?

48
Q

What do we mean by a main contractor’s preliminaries estimate?

49
Q

Give some specific examples of items which make up a main contractor’s preliminaries cost

50
Q

What factors can affect the cost of a main contractor’s preliminaries?

51
Q

Explain how you would measure a main contractor’s preliminaries estimate under a functional floor area and elemental cost estimate

52
Q

Explain how you would measure a main contractor’s preliminaries estimate under formal cost plans 1 2 and 3.

53
Q

What are the issues with using the tabulated rules for estimating preliminaries?

54
Q

What do we mean by a main contractor’s overheads and profit estimate?

55
Q

Give some specific examples of items which make up a main contractor’s overheads cost

56
Q

What factors will affect the rate of a main contractor’s overhead and profit?

57
Q

Explain how you would measure a main contractor’s overhead and profit estimate under a functional floor area and elemental cost estimate

58
Q

Explain how you would measure a main contractor’s overhead and profit estimate under formal cost plans 1 2 and 3.

59
Q

What is a works cost estimate?

60
Q

What do we mean by project / design team fees estimate?

61
Q

Give some specific examples of project / design team fees other than the design team

62
Q

How would we go about costing project / design team fees in an estimate? Who would we ask for advice?

63
Q

How would you cost project / design team fees if the project manager did not have a record of the specific fee agreements?

64
Q

What do we mean by other development / project costs estimate?

65
Q

Give some specific examples of other development / project costs

66
Q

How would we go about costing other development / project costs in an estimate? Who would we ask for advice?

67
Q

What do we mean by a base cost estimate?

68
Q

What is a risk allowances estimate?

69
Q

How do you calculate contingency?

70
Q

What are risk categories are set out under NRM1?

71
Q

What is included on typical risk register produced by the Project Manager in the early RIBA stages?

72
Q

How do you deal with risk in pre construction stages?

73
Q

Give some specific examples of design development risks

74
Q

Give some specific examples of construction risks

75
Q

Give some specific examples of employer change risks

76
Q

Give some specific examples of employer other risks

77
Q

How do you deal with inflation in your cost estimate or cost plan?

78
Q

Explain what we mean by tender inflation

79
Q

How do we work out tender inflation? What timescales will the PM need to advise on?

80
Q

What sources can we use to find tender inflation indices?

81
Q

Explain what we mean by construction inflation

82
Q

How do we work out construction inflation? What timescales will the PM need to advise on?

83
Q

What sources can we use to find construction inflation indices?

84
Q

What is a cost limit?

85
Q

Why do you exclude VAT from a cost estimate or cost plan?

86
Q

Is VAT applicable on professional fees as listed in the cost estimate?

87
Q

What would you exclude from your estimate?

88
Q

How would you deal with abnormal items in your cost plan?

89
Q

How would you deal with abnormal items in your cost estimate?

90
Q

Other than establishing a cost limit what are cost plans used for?

APC QS: Design Economics and Cost Planning (5 decks)

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