Week 5 (Part 2)

Question 1

it is a major concern of the client

Answer 1

Probable Total Cost

Question 2

What are the probable total capital cost made up of

Answer 2

• professional engineering costs
• construction cost
• legal and land costs
• owner’s costs
• contingency allowance for unknowns

Question 3

it is the estimated total cost of constructing the facility to be covered by the proposed detailed design or supervision services

Answer 3

Construction Cost

Question 4

include audits, the cost of issuing bonds, land costs, and interest for borrowed money during construction

Answer 4

Legal, Land, Administration, Staffing and Financial Costs

Question 5

Add 20% or more to the estimated probable total project cost at the completion of the study and report phase.

Reduce to 10% at the completion of final design and perhaps 5% when the construction bids become known.

Answer 5

Contingency Allowance