Quantification and Costing

Question 1

What is a ‘quantified elemental breakdown’?

Answer 1

Construction costs itemized by building elements.
Quantification follows NRM guidelines.
Enhances accurate cost estimation and management.

Question 2

Where are GIA, NIA, etc defined?

Answer 2

RICS Code of Measuring Practice.
Provides professional guidance.
Ensures consistency and accuracy in property measurement.

Question 3

How does the NRM guide you in setting out measurement?

Answer 3

Offers guidance on measurement methodologies.
Includes detailed instructions on setting out measurements.
Ensures consistency, accuracy, and standardization.

Question 4

What is the IPMS and why is it relevant?

Answer 4

International Property Measurement Standard
Global standard for property measurement.
Promotes consistency and transparency.
Provides a common language for property measurement worldwide.
Enhances comparability and facilitates investment decision-making.
Promotes confidence in property markets across borders.

Question 5

How are costs obtained from the BCIS?

Answer 5

Accessing comprehensive construction cost database.
Includes pricing for building elements, materials, and labor rates.
Estimates adjusted for location, complexity, and market conditions.
Input project parameters into BCIS cost models.
Generates estimates based on historical data and industry benchmarks.
Provides reliable basis for budgeting and cost planning.

Question 6

How was this EoT claim made? (BM)

Answer 6

Contractor submits EoT claim notification.
Notification letter states relevant clause.
Substantiation of claim provided shortly after.

Question 7

Why was it made? (EoT; BM)

Answer 7

Bullet-pointed reasons for delays.
10 causes submitted with explanations and durations.
Primarily late confirmation on CDP items - ie blinds spec, CAT ladder locations, south elevation and internal changes following RIW waterproofing solution

Question 8

On what basis (JCT clause)? (EoT; BM)

Answer 8

JCT Intermediate Building Contract (2016) Clause 2.29.
Justifies extension for uncontrollable delays.
Covers events causing project time extensions.

Question 9

How did the contractor submit costs? (EoT; BM)

Answer 9

Contractor provided 5% O/H rate (tender stage).
Combined with Time-Based Preliminary items.
Derived £1.8k/week, totaling £9.5k.

Although stating to the contractor and the client that actual costs can be used to determine costs, they both agreed to accept this figure

Question 10

How was the EoT assessed? (EoT; BM)

Answer 10

Validity of each claim reviewed.
Relevance of event assessed.
Appropriateness of time delay examined.
Avoidance of double-counting concurrent works.
Impact on critical path analyzed.
Revised program efficiency evaluated.
Claim adjusted from 7 to 5 weeks.