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KAA EXAC 2024 > 4.1 - Factors Influencing Costs > Flashcards

4.1 - Factors Influencing Costs Flashcards

1
Q

What are the Economic and Political factors that influence cost?

A
  • Inflation
  • Market Conditions
  • Political and Social Climate
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2
Q

What are the Environmental factors that influence cost?

A
  • Site Characteristics
  • Weather and Seasons
  • Location
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3
Q

What are the Build Type and Design factors that influence cost?

A
  • Building features
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4
Q

What are the Project Requirement factors that influence cost?

A
  • Changes in Project Scope
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5
Q

What are the Project Requirement factors that influence cost?

A
  • Changes in Project Scope
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6
Q

What are the Types of Project Delivery factors that influence cost?

A
  • Owners Responsibility and Timeline
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7
Q

What are the Other Factors that influence cost?

A
  • Regulations
  • Unusual Work Conditions
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8
Q

Factors Influencing Cost: Inflation

A
  • Requires architects to include allowance for escalation
  • Be aware of trends of the last 6 months
  • Seek client input
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9
Q

Factors Influencing Cost: Inflation

A
  • Requires architects to include allowance for escalation
  • Be aware of trends of the last 6 months
  • Seek client input
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10
Q

Factors Influencing Cost: Market Conditions

A
  • Increased demand for construction results in less competitive tenders - higher construction costs
  • Interest rates on financing costs
  • Demand for building materials
  • Exchange rates
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11
Q

Factors Influencing Cost: Political and Social Climate

A
  • Local/Provincial/Federal elections affect timing
  • Construction prices erratic in unstable democracies
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12
Q

Factors Influencing Cost: Site Characteristics

A
  • Challenging topography
  • Unusual soil conditions
  • Existing hazardous waste that requires removal (asbestos, pcb’s)
  • Contaminated soils, removal costs and environmental certification
  • Adjacent building protection
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13
Q

Factors Influencing Cost: Weather and Seasons

A
  • Winter protection and temporary heating
  • Reduced site work activity December to March, affecting schedule
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14
Q

Factors Influencing Cost: Location

A
  • Core areas more expensive than suburban (traffic re-routing, deliveries, more stringent regulations)
  • Remote areas increase labour costs
  • Travel distance to disposal sites increase costs
  • Distance to supply sources
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15
Q

Factors Influencing Cost: Building Features

A
  • Compliance with building code (sprinklered vs non)
  • Method of construction (wood frame vs steel vs concrete vs mass timber etc)
  • Building height and number of storeys
  • Types of finishes
  • Choices of mechanical and electrical systems
  • Selection of components (custom vs off shelf)
  • Sustainable design requirements
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16
Q

Factors Influencing Cost: Building Features

A
  • Compliance with building code (sprinklered vs non)
  • Method of construction (wood frame vs steel vs concrete vs mass timber etc)
  • Building height and number of storeys
  • Types of finishes
  • Choices of mechanical and electrical systems
  • Selection of components (custom vs off shelf)
  • Sustainable design requirements
17
Q

Factors Influencing Cost: Developers/Commercial Institutions

A
  • Regularly procure design services, expect project to be delivered below costs
18
Q

Factors Influencing Cost: Institutions and Government Agencies

A
  • Unable to avoid certain costs due to procedure’s
  • Requires high quality control procedures
  • Complex building procedures
  • Insurance requirements above normal
  • Extensive bonding requirements
  • Poorly written non standard contracts
  • Payment delays to contractors
19
Q

Factors Influencing Cost: ** Changes in Project Scope**

A
  • Development of more requirements by owner
  • New legislation/change in market conditions
  • Lack of detailed information
  • Change in building users, stakeholders, partners
  • Inadequate research prior to programming
20
Q

Factors Influencing Cost: Owners Responsibility and Timeline

A
  • Project schedule accelerated to suit owners critical dates
  • Late commencement due to factors out of owners control such as weather
  • Delayed commencement due to inflation or currency fluctuations
  • Owners approval process
21
Q

Factors Influencing Cost: Regulations

A
  • Onerous bureaucratic requirements such as planning regulations or site development agreement conditions
  • Numerous building code classifications in one building
  • Hazardous demolition such as asbestos removal
  • Recycling regulations and dumping fees
22
Q

Factors Influencing Cost: Unusual Work Conditions

A
  • Scheduling construction around on going activities
  • Additional protection and cleanup
  • Work adjacent to or within certain buildings may have limitations on equipment use
  • Demolition and sharing of existing structures
  • Abnormal construction phasing

KAA EXAC 2024 (18 decks)

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