Quantification and Costing of Construction Works - Level 1 Flashcards
Tell me about two methods of costing you are aware of.
What are standard methods of measurements?
What are pricing books?
What pricing books are you aware of?
What standard methods of measurement are you aware of and what are they used for?
What is the advantage you will have by preparing a BoQ based on a standard method of measurement?
Why is a standard method of measurement required?
When are approximate quantities to be used?
What is a functional unit?
Tell me what you know about the NRM suite of documents?
Tell me how the NRM differs from the Standard Method of Measurement of Building Works 7th edition (SMM7)
When was NRM last updated and what changes were made?
What are the main benefits of NRM2?
Tell me what the main aim of NRM3 is.
Name three factors that affect the accuracy of an estimate.
What do NRM1, 2 and 3 all relate to?
What are the New Rules of Measurement (NRM)?
What level of fees should you allow within a cost plan?
What are the 4 stages of cost planning under NRM 1?
How is risk dealt with within NRM 1?
How is inflation dealt with within NRM 1?
Why do we have NRM?
What are the benefits of NRM?
What could you use for measuring builders’ quants?
How is risk dealt with under NRM?
What is ICMS?
When was it introduced?
What did it introduce?
What is the aim of it?
When was ICMS last updated?
What changes were made?
What is the current ICMS edition?
What is a cost classification system?
What changes may be made in the next edition?
What is CESMM and POMI?
When might you use these?
How have you valued works for interim payments change and final accounts?
What is the purpose of measurement?
Why is there a need for a standardised approach to measuring?
In what different ways can floor areas be measured and reported?
Explain your understanding of the build-up of unit rates and prices from first principles i.e. labour
How do you build-up of costs in respect of preliminaries?
Why would you not simply apply a % addition?
How do you quantify overheads and profit?
How do you quantify risk and calculate risk allowances?
How do you forecast tender and construction inflation?
Why is it important to understand the description that accompanies numeric data?
Why is important to have a knowledge of the different categories of measurement?
Explain the following terms; floor area functional unit
How is an Order of Cost Estimate prepared?
When might you prepare a cost estimate during the different stages of design?
What is the purpose of order of Order of Cost Estimates?
What is the purpose of an order of cost estimate?
What are the sources of cost data that are often used to prepare estimates?
At what stage do the order of cost estimates get carried out?
Who needs an order of cost estimate?
What types of Order of Cost Estimate are you aware of?
Explain your understanding of the following; feasibility budget and pre-tender estimates.
What information do you need to be able to carry out a feasibility estimate?
What is the typical % error on a feasibility estimate?
What bases of an estimate are you aware of?
How does the NRM approach measurement for order of cost estimates?
Name the main elements of an elemental estimate?
How would you prepare an estimate for M&E works?
Explain the following; functional unit rate elemental and detailed quantities.
What are the components of an estimate?
What is usually excluded from an order of cost estimate?
How do you source use and adjust cost data?
What benchmarking techniques do you use?
How do you report cost estimates?
What are the cost estimating stages?
What is the difference between a cost estimate a cost plan and a cost analysis?
How do you calculate unit rates for items from first principles?
What location factors are you aware of?
What is a base date?
What construction and tender inflation do you utilise?
Explain site/location specific conditions e.g. ground conditions and site constraints
How does the programme affect cost estimating?
What sustainability requirements professional and statutory fees
Explain your application of risk allowances.
What would you include and exclude when cost estimating?
What is cost planning?
Give some examples of why a project might have a cost overrun?
What is the purpose of cost management?
What are the main tasks of the cost manager?
What are some of the reasons we have cost overrun?
What stages of construction would involve cost planning?
How would you prepare issue and present cost plans?
What is the purpose of elemental cost planning?
How would you set a budget?
What are the components of an elemental cost plan?
What is a cost plan?
What are the main objectives of cost planning?
What are the different types of cost plan?
What would you do if the cost plan is over budget?
What is elemental cost planning?
Explain the following terms; cost limit cost target
What sources of data do you use in cost planning?
What benchmarking techniques do you use in cost planning?
What is value management value engineering and life cycle costing?
What techniques have you used for these?
What factors affect the cost efficiency of a design e.g. wall / floor ratio and storey heights?
How do you report cost plans?
What items should be listed under the estimating element?
Explain how cost planning relates to the RIBA or other design stages.
Where does cost planning start in the RIBA plan of work?
What is usually excluded from a cost plan?
What is a base cost estimate?
Does a cost plan benefit designers?
What benefits do clients get out of cost planning?
How did you develop your initial cost plan through the pre-tender phase of the project ensuring all parties understand the financial position of the project?
How can the QS help control the design to keep within budget?
How would you identify risk within the cost plan?
What risk allowances does the NRM recommend should be included within a cost plan?
Do you need a drawing to complete a cost plan?
Tell me about your understanding of RICS Property Measurement.
When would you use NIA as a measurement basis?
When would you use GIA as a measurement basis?
When would you use GEA as a measurement basis?
Tell me about what is included in NIA/GIA/GEA?
What measurement basis would you use for office property?
What measurement basis would you use for industrial property?
What measurement basis would you use for retail property?
How does RICS Property Measurement differ from the former Code of Measuring Practice?
Why is accuracy important when you measure buildings?
Tell me about how you use floor plans to facilitate measuring buildings?
How do you calibrate a laser measurer?
Why do you take check measurements?
Tell me about a strength and weakness of a measuring technique you have used.
When would you use a tape measure?
When would you use a trundle wheel?
What is a potential source of error when measuring?
What is IPMS?
Why has IPMS been introduced?
What IPMS bases are you aware of and how would you apply one of them?
What building types does IPMS relate to?
What is dual reporting and when would you use it?
What are limited use areas and how do you report these?
What is the internal dominant face?
How has IPMS been incorporated into Property Measurement?
What are the differences between a defined and an undefined lump sum?
Explain what BCIS Standard Elemental Cost Plans are used for.
What would you find in one of these?
What is the importance of standard methods of measurement?
What did you learn are the fundamentals of quantification? - How do you use this through the delivery of a project?
What guidance does NRM 2 provide for quantification and costing?
How are the measurement rules defined?
