***Emily Law 12.06.24 (Questions Forwarded) Flashcards
Quantification and costing (Cont’d)
Level 2 (Cont’d)
Under what circumstances we would need to “pro-rata” the unit rate in VO assessment? How to do that?
Level 1
What is the specific purpose or applications of GEA, GIA and NIA respectively?
GEA - Gross External Area
This is the area of the building measured externally at each floor level
Purpose - Planning Application Process
GIA - Gross Internal Area
Area of the building measured to the internal face of the perimeter wall at each floor level.
Excludes external open sided balconies, fire escapes, canopies, external walls and fuel stores
Purpose - Construction costs
NIA - Net Internal Area
This is the area of usable space measured to the internal face of the perimeter wall at each floor level.
Excludes internal structural walls and columns, spaces with headroom less than 1.5m, permanent lift lobbies, toilets, cleaners cupboards and plant rooms
Purpose - Commercial (usable area)
What are the deductibles of GIA?
Ref above.
IPMS – do you know what is that?
Please walk me through how would you include inflation in your cost estimate?
Design Economics and Cost Planning
Level 3
Can you tell me the structure of a cost plan under NRM?
You produced a budget estimate for Haringey projects initially and then provided subsequent estimate update, can you tell me what differences in design you would expect between early RIBA Stages 1 – 2 and later stage 2 – 3?
Can you tell me what’s the contingency level you would allow in your projects at different RIBA stage.
British Museum – high tender return, where a VE is necessary. Why the overbudget issue has not been discovered earlier but made known after the tender return?
When would be the best time to undertake VE exercise?
In conducting the value engineering exercise, how did you balance cost savings against potential compromises in quality or function?
In VE - Quality and function was maintained eg window repairs instead of replacement; kitchen upgrades not replacement; M&E repairs not replacement
In Scope reductions, these could be omitted as they did not impact on the core priorities of the works ie M&E upgrades, water remediation comfortable environment - what was omitted was eg ..???
Level 2
What would normally be excluded in a cost plan?
OHP level in cost plan – What is the impact of OHP level on projects with different scale?
You also mentioned risk allowances - How would you present risk allowance in your cost plan?
