Design Economics and Cost Planning Flashcards
1
Q
What are the 8 RIBA Stages?
A
0 - Strategic Definition
1 - Preparation and Briefing
2 - Concept Design
3 - Spatial Coordination
4 - Technical Design
5 - Construction
6 - Handover
7 - Use
2
Q
What is NRM1?
A
Order of Cost Estimating and Cost Planning for Capital Building Works
3
Q
What is NRM2?
A
Detailed Measurement for Building Works
4
Q
What is NRM3?
A
Order of Cost Estimating and Cost Planning for Building Maintenance Works
5
Q
How would you adjust for TPI?
A
- Identify base period and current period
- Relevant TPI value
- Percentage change of TPI
( (current TPI- base TPI) / base TPI) x 100
- Apply percentage change to original price
6
Q
What is the current TPI?
A
BCIS - 2.3%
G&T - 2.75%
7
Q
What is TPI?
A
Tender Price Index.
Measures the movement of prices in construction tenders, reflecting how market conditions and competitiveness change over time
