Design Economics and Cost Planning

Question 1

An example when you carried out a VE exercise?

Answer 1

British Museum - Pre-Contract - VE Workshop with Client and Architect - establish what could be VE’d - window replace to repairs; kitchen replace to upgrade; external paving replace to repair and clean.

Question 2

Give an example when you produced an estimate?

Answer 2

St Monica’s - Cost Plan 1 (RIBA Stage 2 Concept Design, not yet functionally coordinated) - Elemental take-off and GIA rates (services); high level specification; Risk Register; NRM 1 breakdown.

Question 3

Give examples of preliminaries on an estimate you did?

Answer 3

British Museum - Benchmarked % from similar projects.

Question 4

Give an example of life cycle costing on a project?

Answer 4

??????

Question 5

Give an example of risks you priced on a project

Answer 5

Firemen’s Cottages
OoCE: Structural Remediation - Roof replacement (full costs to replace roof); underpinning (full costs for suspected foundations and remediation areas); decanting residents (full cost based on estimated number of weeks).
Cost Plan: Roof residual repairs (PSUM-allowance for possible repairs); Underpinning Residual unknown repairs (PSUM-allowance for exact requirements); decanting residents (Omitted-no risk remaining).

Question 6

Give an example of risks post contract?

Answer 6

South Dock Marina - supplier/subcontractor availability (Performance Bond in place - in case contractor default)