Design Economics and Cost Planning Flashcards

1
Q

Can you tell me what a good Net:Gross is on a project you have worked on?

A

70% - 80%.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Can you tell me what a good Wall:Floor is on a project you have worked on?

A

0.35 - 0.45

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Your PwC Glasgow project you mention using Benchmarked data. What are some factors to consider when using benchmarked data?

A

1) Location
2) Time / Inflation
3) Project abnormals

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

PwC Manchester you said it was £25/ft2. This seems very small, what was the scope?

A

This £25/sqft was a minor refresh of their existing office. So there were no new partitions, doors, minor wall and floor finishes although no ceiling finishes. Included Client Directs. So 750k of Construction Costs.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What was the GIA of PwC Manchester?

A

6,748m2 - total budget of £1.96m.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Why had the costs increased from Stage 3 to 4?

A

The Client was under a strict budget and wanted to save on Design Fees. As a result, the Stage 3 design that was issued was based off of floor plans without a detailed specification schedule or report.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Your ITB Project, how did you advise the Client?

A

I advised on the key changes since the previous cost plan issued, as well as detailed the items which were design development, inflation, and which costs were to be attributed to a third party.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are your typical responsibilities on a project?

A

1) Manage risk allowance expenditure
2) Initiate action to avoid overspend
3) Prepare pricing documents for tendering
4) Evaluation of tender
5) Prepare interim valuations
6) Value variations
7) Negotiate and agree final accounts
8) Manage cash flow
9) Produce cost plans and OCE’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are some headings for Main Contractor’s Preliminaries under NRM 2?

A

1) Employer’s Requirements
2) Site accommodation
3) Site records
4) Completion & post-completion requirements
5) Main Contractor cost items
6) Management and staff
7) Site establishment
8) Temporary services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

How do you deal with risk in a cost plan?

A

Have a risk register that labels the risks surrounding the project and allocate sufficient funds to cover these risks. They should be monitored and controlled as the design of the project progresses.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly