1.1 The rules under which Order of Cost Estimates

Question 1

Why do we have the NRM’s?

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Question 2

What do we use NRM 1 for?

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Question 3

What do we use NRM 2 for?

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Question 4

What do we use NRM 3 for?

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Question 5

Talk me through the RIBA design stages and how you would cost plan at each stage?

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Question 6

What would you typically find in a facilitating works estimate?

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Question 7

You have a few basic drawings. How do you proceed to prepare an estimate.

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Question 8

What is a functional cost estimate?

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Question 9

What information do we need to produce a functional cost estimate?

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Question 10

In what RIBA stages would you be likely to produce a functional cost estimate?

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Question 11

What design information do you need to produce a functional cost estimate?

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Question 12

With no design information what would you include in an estimate? A cost per/m2 or a cost per head of pupil for schools for example.

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Question 13

What is a functional unit? Where would you find a list of functional units?

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Question 14

Would you obtain a functional unit rate?

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Question 15

From a construction technology point of view when obtaining a functional unit rate what sort of questions would you ask the client?

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Question 16

How did you update historical cost data to account for location and time when working out a functional unit rate?

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Question 17

What is the name of the cost you have worked out when you multiply the functional unit by the functional unit rate?

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Question 18

Give some examples of some typical functional unit rates

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Question 19

What is a floor area cost estimate?

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Question 20

What information do we need to produce a floor area cost estimate?

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Question 21

In what RIBA stages would you be likely to produce a floor area estimate?

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Question 22

How do you work out the GIFA of a building?

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Question 23

What is the definition of gross internal floor area? Do you include voids and columns in your calculation?

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Question 24

What do we mean by COMP 6 or IPMS2?

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Question 25

What are some key differences between COMP 6 and IPMS 2?

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Question 26

To what sectors does IPMS 2 apply?

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Question 27

Can you explain what the internal dominant face rule is? How do you determine what the internal dominant face is?

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Question 28

Under IPMS 2 explain what the component areas are.

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Question 29

Under IPMS 2 explain what the areas of limited use are. Give some examples.

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Question 30

How would you obtain a GIFA rate?

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Question 31

What information do you need in able to use IPMS?

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Question 32

What are the issues with using IPMS2?

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Question 33

From a construction technology point of view when obtaining a GIFA rate what sort of questions would you ask the client?

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Question 34

How did you update historical cost data to account for location and time when working out a GIFA rate?

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Question 35

What is the name of the cost you have worked out when you multiply the GIFA by the GIFA rate?

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Question 36

Give some example of some typical GIFA rates

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Question 37

What is an elemental cost estimate?

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Question 38

What information do you need to produce an elemental cost estimate?

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Question 39

What level of specification would you need to produce an elemental cost estimate?

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Question 40

In what RIBA stages would you be likely to produce an elemental cost estimate?

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Question 41

Give some specific examples of elemental units which would be included in an elemental cost estimate

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Question 42

When using an elemental rate for a substructure what sub-elements will this rate cover?

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Question 43

How would you obtain elemental rates?

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Question 44

How did you update historical cost data to account for location and time when working out elemental rates?

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Question 45

What is the name of the cost you have worked out when you multiply the elemental unit by the elemental unit rates and add them all together?

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Question 46

Give some examples of some typical elemental unit rates

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Question 47

Other than building works costs what other costs do you include in your cost estimate?

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Question 48

What do we mean by a main contractor's preliminaries estimate?

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Question 49

Give some specific examples of items which make up a main contractor's preliminaries cost

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Question 50

What factors can affect the cost of a main contractor's preliminaries?

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Question 51

Explain how you would measure a main contractor's preliminaries estimate under a functional floor area and elemental cost estimate

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Question 52

Explain how you would measure a main contractor's preliminaries estimate under formal cost plans 1 2 and 3.

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Question 53

What are the issues with using the tabulated rules for estimating preliminaries?

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Question 54

What do we mean by a main contractor's overheads and profit estimate?

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Question 55

Give some specific examples of items which make up a main contractor's overheads cost

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Question 56

What factors will affect the rate of a main contractor's overhead and profit?

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Question 57

Explain how you would measure a main contractor's overhead and profit estimate under a functional floor area and elemental cost estimate

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Question 58

Explain how you would measure a main contractor's overhead and profit estimate under formal cost plans 1 2 and 3.

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Question 59

What is a works cost estimate?

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Question 60

What do we mean by project / design team fees estimate?

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Question 61

Give some specific examples of project / design team fees other than the design team

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Question 62

How would we go about costing project / design team fees in an estimate? Who would we ask for advice?

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Question 63

How would you cost project / design team fees if the project manager did not have a record of the specific fee agreements?

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Question 64

What do we mean by other development / project costs estimate?

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Question 65

Give some specific examples of other development / project costs

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Question 66

How would we go about costing other development / project costs in an estimate? Who would we ask for advice?

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Question 67

What do we mean by a base cost estimate?

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Question 68

What is a risk allowances estimate?

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Question 69

How do you calculate contingency?

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Question 70

What are risk categories are set out under NRM1?

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Question 71

What is included on typical risk register produced by the Project Manager in the early RIBA stages?

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Question 72

How do you deal with risk in pre construction stages?

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Question 73

Give some specific examples of design development risks

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Question 74

Give some specific examples of construction risks

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Question 75

Give some specific examples of employer change risks

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Question 76

Give some specific examples of employer other risks

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Question 77

How do you deal with inflation in your cost estimate or cost plan?

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Question 78

Explain what we mean by tender inflation

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Question 79

How do we work out tender inflation? What timescales will the PM need to advise on?

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Question 80

What sources can we use to find tender inflation indices?

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Question 81

Explain what we mean by construction inflation

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Question 82

How do we work out construction inflation? What timescales will the PM need to advise on?

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Question 83

What sources can we use to find construction inflation indices?

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Question 84

What is a cost limit?

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Question 85

Why do you exclude VAT from a cost estimate or cost plan?

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Question 86

Is VAT applicable on professional fees as listed in the cost estimate?

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Question 87

What would you exclude from your estimate?

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Question 88

How would you deal with abnormal items in your cost plan?

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Question 89

How would you deal with abnormal items in your cost estimate?

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Question 90

Other than establishing a cost limit what are cost plans used for?

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