Case Study Specific Questions Flashcards
- How did you ensure the accuracy of your Stage 3 cost plan?
Used RLB cost database and market testing to validate pricing.
Compared costs with benchmark data from similar projects.
Reviewed supplier quotes and liaised with contractors.
Checked against Stage 2 estimates and reconciled any differences.
To ensure cost accuracy, I benchmarked key elements against the RLB cost database and market-tested rates with suppliers. I also compared the Stage 3 costs with Stage 2 estimates, identifying and reconciling any movements. For example, when wallpaper costs increased due to a client upgrade, I analyzed alternative specifications and recommended a cost-effective solution that met their design aspirations.
Can you give an example of when you had to challenge a design decision based on cost implications?
“During the Harrow Road project, I noticed that the client had upgraded to high-spec decorative wallpaper throughout the units, which significantly increased costs. I advised them that this was beyond industry benchmarks and would exceed budget expectations. Instead, I recommended using decorative wallpaper selectively in feature areas (e.g., living rooms and master bedrooms) while opting for a more cost-effective alternative in secondary spaces. The client accepted my suggestion, maintaining the aesthetic intent while achieving substantial cost savings.”
How did you approach Value Engineering on High Road West?
I compiled a Value Engineering schedule identifying areas for potential savings. I worked closely with the design team to ensure that each item was technically feasible and wouldn’t compromise quality or functionality. After vetting the proposed savings, I presented them to the client, highlighting which items could be implemented without affecting the scheme’s integrity. As a result, we identified significant cost efficiencies, aligning the project with budget constraints while maintaining design quality
Can you explain how you used benchmarking data to inform the Fit-Out cost plan?
For the NES project, I used internal benchmarking data from similar schemes to establish a cost per square foot. Since costs fluctuate over time, I applied inflation adjustments using BCIS indices and internal tender price data. This allowed me to provide an accurate, up-to-date cost estimate, helping the client assess feasibility before progressing further.”
