Exam Last Bits

Question 1

BCIS Question

Answer 1

GIFA

Project indexation factor

Rebase building subtotal rate/m2 from analysis

Multiply rebased rate/m2 to get building works estimate

Multiply building works estimate by 113/100 (13% prelims) to get works cost estimation

Multiply works cost estimate by 103.5/100 to add project/design team fees

Exclude project development costs to get base cost estimate

Multiply by 105/100 (5% risk allowance) to get cost limit excluding inflation

Question 2

What is included in sensitivity analysis

Answer 2

Everything but capital costs (but yearly occurring costs are not recalculated as they are unaffected)

Residual values are to be excluded as the sensitivity analysis makes the same assumptions for both projects/systems in the comparison. This means any errors in estimating calculations would cancel out hence residual value exclusion.

Question 3

Are annually recurring costs affected by ESL variations

Answer 3

No