L2

Question 1

What costs are involved in a construction project? SHS

Answer 1

A. CAPITAL COSTS: $$$$
1. SITE COSTS
2. HARD COSTS
3. SOFT COSTS

Question 2

What is a gereral contractor markup?

Answer 2

• is an additional percentage or fee added by a general contractor to the total project cost
• to cover their expenses and generate profit.
• This markup is typically applied to the direct costs of labor, materials, and subcontractor services.

Question 3

3 COMPONENTS OF CONSTRUCTION COSTS? I.M.O.P

Answer 3

1. INSTALLATION
2. MATERIALS
3. OVERHEAD & PROFIT

Question 4

GIVE 3 EXAMPLE OF MATERIALS
(T.P.S)$$

Answer 4

1. PURCHASE COST
2. TAXES
3. SHIPPING & HANDLING

Question 5

4 TYPES OF LABOUR COST? $

Answer 5

• LABOUR:
  1. BASE WAGES
  2. TAXES & INSURANCE
  3. FRINGES
  4. PREMIUMS

Question 6

2 TYPES OF EQUIPMENT COST? $

Answer 6

• EQUIPMENT:
  1.OPERATING COST
  2.. RENTALCOST

Question 7

2 TYPES OF INSTALLATION COST? (L.E)

Answer 7

• LABOUR:
  1. BASE WAGES
  2. TAXES & INSURANCE
  3. FRINGES
  4. PREMIUMS
• EQUIPMENT:
  1.OPERATING COST
  2.. RENTALCOST

Question 8

GIVE 4 EXAMPLE OF OVERHEAD AND PROFIT COST?

Answer 8

1. GENERAL CONTRACTOR MARKUP:
   - GENERAL CONDITIONS
2. SUBCONTRACTOR MARKUP:
   - GENERALCONDITIONS

Question 9

7 THINGS THAT MAKE CAPITAL COSTS VARY?

Answer 9

1. ECONOMIC AND POLITICAL
2. ENVIRONMENTAL
3. BUILDING TYPE AND DESIGN
4. OWNER CHARACTERISTICS
5. PROGRAM
6. CONSTRUCTION DELIVERY METHOD
7. OWNER’S SCHEDULE & RESPONSIBILITIES

Question 10

COST-ESTIMATING METHODS: FOUR PRIMARY CLASSES OF ESTIMATES IS BASED ON 6 HANDBOOKS OR DOCUMENTS

Answer 10

 PSP
 CHQ
 RS Means / Hanscomb
 AACE American association of cost engineering
 ASPE American society of professional estimators
 RAIC (Architecture Canada) Handbook of Practice

Question 11

GIVE 4 PRIMARY CLASSES OF ESTIMATES: (TYPES OF CLASSES)
A-B-C-D I.E Types of estimates?

Answer 11

1. CLASS D ESTIMATE: PREDESIGN
2. CLASS C ESTIMATE: SCHEMATIC DESIGN
3. CLASS B ESTIMATE: DESIGN DEVELOPMENT
4. CLASS A: ESTIMATE:CONTRACT DOCUMENTS

Question 12

TYPE & PRECISION OF: CLASS A: ESTIMATE

Answer 12

Type: Unit price (MasterFormat)
Precision: -5 to +10%

Question 13

TYPE & PRECISION OF: 3. CLASS B ESTIMATE: DESIGN DEVELOPMENT

Answer 13

Type: Elemental (Uniformat)
Precision: -10 to +20%

Question 14

TYPE & PRECISION OF: CLASS C: ESTIMATE

Answer 14

Type: Square foot/elemental
Precision: -20 to +30%

Question 15

TYPE & PRECISION OF: CLASS D: ESTIMATE

Answer 15

Type: Single unit rate
Precision: -30 to +50%

Question 16

2 TYPES OF CLASSES THAT INVOLVES COST PLANNING

Answer 16

1. CLASS C: ESTIMATE
2. CLASS D: ESTIMATE

Question 17

3 TYPES OF CLASSES THAT INVOLVES COST CONTROL

Answer 17

1. CLASS A: ESTIMATE
2. CLASS B: ESTIMATE
3. CLASS C: ESTIMATE

Question 18

T OR F? ASSIGNING NUMBERS TO YOUR ESTIMATE
DEPENDS ON THE TYPE OF ESTIMATE?

Answer 18

T

Question 19

2 VARIABLES WHICH SINGLE UNIT RATE UNIT METHOD DEPENDS ON?

Answer 19

1. Depends on cost per functional unit of a project
2. Functional unit depends on the use of the project

FORMULA TO FIND FUNCTIONAL UNIT:

• I.E ($/UNIT) = Choose a unit of accommodation and multiply by cost per unit ($/unit)

Question 20

FUNCTION UNIT METHOD DEPENDS ON ______ OF A PROJECT?

Answer 20

USE

• HOSPITAL? BEDS
• SCHOOLS? STUDENTS?

Question 21

Cost per square foot provided by _______
GIVES YOU THE PROJECT COSTS

Answer 21

RS MEANS

Question 22

HOW TO FIND Cost = X x X BASED ON RSMEANS HANDBOOK

Answer 22

Cost = Area (ft²) x Rate ($/ft²)

Question 23

T OR F? UNITS depend on the work involved?

Answer 23

T

Question 24

2 TYPES OF UNITS?

Answer 24

METRIC & IMPERIAL

Question 25

MAISON SYMPHONIQUE ARE MADE FOR _________ AND NOT JUST FOR TOURIST ONLY. T OR F?

Answer 25

T : PROFESSIONALS TOO ALL ACROSS THE GLOBE