Design, Economics and Cost Planning - Level 2

Question 1

Tell me about when you’ve prepared an estimate for a construction or refurbishment project.

Question 2

Tell me about when you’ve prepared a cost plan for a construction refurbishment or fit-out project.

Question 3

Talk me through when you’ve carried out a life cycle costing exercise.

Question 4

Talk me through when you’ve conducted a value engineering process.

Question 5

Talk me through when you’ve prepared a cost report for a construction project.

Question 6

How do you benchmark costs accurately?

Question 7

How might you use indices during cost estimating and planning?

Question 8

Explain your process for completing initial cost estimates. - How did you manage gaps in information?

Question 9

Explain your process for completing initial cost estimates.- How did you use benchmarking to compile costs?

Question 10

Explain your process for completing initial cost estimates.- How do you adjust benchmark data to make it applicable to your project?

Question 11

Explain your process for completing initial cost estimates.- How did you use NRM guidance?

Question 12

Explain your process for completing initial cost estimates.- How did you manage risks?

Question 13

Explain your process for completing initial cost estimates.- How did you develop contingency?

Question 14

Roughitts - How did you develop the initial budget into the detailed cost plan?

Question 15

What exclusions do you make on your projects?

Question 16

What assumptions would you normally have to make?