Quantification + Costing Flashcards

1
Q

Can you tell me some disadvantages of using CostX?

A
  • Cost of licenses
  • Time to train
  • Technology errors
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2
Q

You state you are aware of NRM 1 and 2, can you tell me what NRM 3 is?

A

Order of cost estimating and cost planning for building maintenance works

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3
Q

You mention you have prepared an elemental cost plan. To what level of detail does this go to?

A

o Level 1 - group element
o Level 2 - element
o Level 3 - sub element
o Level 4 - Component

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4
Q

Can you give me an example of where you have used the valuation rules?

A

When valuing post contract changes. For example on Dorking Halls and Quad Three.

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5
Q

Can you give me some differences between IPMS and COMP 6?

A

IPMS = International Property Measurement Standard
COMP 6 = Code of Measuring Practice 6th edition

GEA vs IPMS 1 =
GIA vs IPMS 2 =
NIA vs IPMS 3 =

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