Task 4 Quantity Surveying Flashcards
what is the definition of an interim evaluation?
between a period of time work will be complete. 30% of work or 45% then you pay them the difference of work that they have completed in that time. You take out the work that was previously paid so you are left to pay the extra that has not been paid.
what different forms o contract are there?
JCT - design and build or traditional or subcontract (not a procurement method just a sub contract design and build) , NEC, FIDIC.
Who is the payment certifying officer?
IT could be the project manager or the architect - if its a JCT from of contract it is the architect if its an NEC from of contract its the project manager
if the claim is submitted how long until the certificate should be issued? (time the contractor is to be paid)
28 days
When should the claim be assessed?
a week before the certificate is to be issued
what is a preliminary?
things on site that are not apart of the finished project like site offices and cranes.
what is an overhead cost?
indirect costs associated with managing a construction project that are not directly attributable to specific tasks or materials. costs of the project that will not be there when the project has finished such as office blocks, architects etc.
give some examples of fixed costs in construction.
salaries, rent (office space, storage…) , utilities, insurance, licencing and permits …
give some examples of time related costs.
equipment/ plant ( depending on the time of work its needed for or delays) , labour costs, site overhead, financing costs, delay penalties …
define fixed costs.
these are expenses that remain constant regardless of the level of activity or project duration, such as salaries, rent, insurance, and equipment depreciation.
define time related costs.
These costs accumulate based on the duration of the project, including labor wages, equipment rental fees, site overhead, and financing charges, which increase as the project takes longer to complete.
define site hoarding.
Site hoarding refers to temporary barriers or fencing that enclose a construction or renovation site. It’s typically made of plywood, metal, or similar materials. serves purpose of safety, security, aesthetics and advertising.
what is a lump sum?
the total amount of money to be paid at the end.
would site accommodation and welfare facility be a time related cots or a fixed cost.
time related as delays or time overruns may cause a need for them to be rented longer.
what are dayworks?
work that is done daily. and are not part of the original bill of quantities.
what is a nominated sub-contractor?
a client chosen sub-contractor to carry out some tasks of the work.
what is a variation?
Extra tasks that have been identified that are not included in the original scope of works.
what is a fluctuation?
changes in prices from high to low depending on the market. rates can change due to inflation. should be a consideration for what is in your contract.
what is retention?
money kept back by the employer until the work has been completed to the popper standards and correctly.
what is mobilization?
the process of preparing and equipping a construction site before the actual work begins. includes key activities such as site preparation, installation of temporary facilities, procurement of resources and establishing procedures.
what is the amount previously certified?
the total value of work that has been approved and certified for payment in previous payment applications or progress claims. this figure includes work completes and adjustments.
what is the amount now due contractor?
refers to the total payment that is currently owed to the contractor based on the latest assessment of work completed. this typically includes work completed, variations and deductions.
what are contra charges?
Contra charges are costs that a client or employer can deduct from payments due to the contractor, usually due to the contractor’s failure to meet certain obligations. Examples: delay penalties, defective work, damages.
what are other deductions in relation to contra charges?
These are additional deductions that may be made for various reasons that affect the final payment to the contractor. examples such as retention, previous overpayments, insurance bond deductions.
what are non conformances?
refer to instances where work or materials do not meet the specified standards, quality, or requirements outlined in the contract documents. These discrepancies can arise due to various reasons, including: quality issues, design deviations and regulatory non-compliance.
what kind of measurements can be done offsite
measurements off of drawings
what type of measurements can be done onsite?
evaluation of work done, room sizes actual measurements taken
what does the interim evaluation determine for the contractor?
the amount for work completed during the valuation project.
do interim evaluations help prevent project overruns?
yes
what best describes the payment process that interim evaluations facilitate?
regular payments to the contractor basked on work progress.
when are interim evaluations typically performed?
during the project.
are interim evaluations only for large projects?
No
which construction contract provision are interim evaluations most strongly associated with?
progress payment terms.
which interval during the construction process are interim evaluations normally conducted?
at regular intervals, often monthly
who usually prepares the interim evaluation certificate?
the quantity surveyor
what is the primary role of the quantity surveyor in the interim valuation process?
the prepare and submit the interim valuation certificate.
what are the responsibilities of a quantity surveyor in construction project management?
cost control and financial management, preparing bills of quantities, preparing and evaluating interim evaluations.
what document is typically preprepared by the quantity surveyor for interim evaluations?
interim payment certificate.
what is a project charter?
A project charter is a formal document that defines a project’s objectives, scope, stakeholders, and overall framework to guide its execution and success.
what happens if an interim payment is not made on time?
the contractor may halt work due to lack of funds
what are soe components of interim evaluations?
materials on site, variations to the original contract, work completed.
who typically prepares interim evaluations on behalf of the client?
quantity surveyor
which stakeholder benefits the most from interim evaluations?
the contractor, by receiving payments for completed work.
