COSTING

Question 1

different ways that costs can be established for a project

Answer 1

Costing Plan & Estimation

Question 2

Estimating ‘Pros’

Answer 2

• Allocate responsibilities.
  -client receives early budget

Question 3

Estimating ‘Cons’

Answer 3

• discrepancies
• underpaid designer
  -prone to error (m2 method)

Question 4

Estimating Time Frame

Answer 4

Concept/predesign

Question 5

Estimate: Client implications

Answer 5

-allows for early budgeting
-delays can occur bc of reworking

Question 6

Estimate: Architect Implications

Answer 6

-Project/task management
-Understanding the Scope

Question 7

Cost Plan Advantages

Answer 7

• accurate budgeting
• Ensures Designers are paid fair

Question 8

Cost Plan Disadvantages

Answer 8

• Budget is in stages
• Requires Qs ($$$)

Question 9

Cost Plan Design Stage

Answer 9

First cost estimate (concept design)
* Intermediate cost estimates (developed design)
* Pre-construction cost estimate (detailed design
/ tender price)

Question 10

Cost Plan Definition

Answer 10

Costing Developed Throughout Design Process

Question 11

Estimate Definition

Answer 11

Prediction of Possible Cost

Question 12

Cost Plan Peperation

Answer 12

QS. sometime Architect

Question 13

Estimate Peperation

Answer 13

Architect
Qs
Contractor

Question 14

Cost Plan: Client implications

Answer 14

Budget Certainty
Design/Budget Flexibility

Question 15

Cost Plan: Architect implications

Answer 15

Design Efficient (no reworking)
More Documentation (needs to be updated often/throughout)