T022 Design Economics & Cost Planning - Cost Estimates & Cost Plans

What types of estimate are there?

What is a feasibility estimate?

What is the format of a feasibility / budget estimate?

What is a functional unit?

What information do you need to be able to carry out a feasibility estimate?

What is the % error on a feasibility estimate?

What is a cost estimate?

When would you do one?

What are the principal components of a cost estimate?

Name the main elements of an elemental estimate

What is usually excluded from a cost estimate?

Why is VAT excluded?

What is the % error on a cost plan?

What is contingency?

How is contingency assessed?

What are preliminaries?

Where do you find the guidelines to prepare preliminaries?

Name some preliminaries sections

What should be considered when assessing preliminaries levels?

How do you take account of inflation when benchmarking / cost estimating?

What does TPI stand for?

What do TPIs show?

Where can you get this information from?

How do you take account of location?

Why do you need to take account of location?

What is BCIS?

What is a cost plan?

What is the purpose of a cost plan?

What is the difference between a cost estimate and a cost plan?

What is buildability?

What are the advantages of buildability?

What is a wall to floor ratio?

What is the most efficient shape?

What is the difference between cost and price?

What information would you expect the design team to provide at stage D?

How would you prepare an estimate for M&E works?

What is GEA?

What is GIA?

What is NIA?

Where are all of these defined?

What is the purpose of the Code of Measuring Practice?

What would you expect the percentage of NIA to GIA / GEA to be?

Where do you get cost information from?

What do you measure in accordance with?

What does SMM7 stand for?

What does it do?

How do you measure steel under SMM7 – and what other items would you measure in association?

How do you measure brickwork walls under SMM7 – and what other items would you measure in association?

What is a Section 106 agreement?

What sort of things is the Section 106 agreement money spent on?

What is construction to ‘shell and core’?

What is a CAT A fit out?

What is a CAT B fit out?

Where could you find the definitions for these?

What is BWIC?

What cost would you expect for a new build city centre office tower in London?
What cost would you expect for a CAT A fit out to that office?
What about a CAT B fit out?
What cost would you expect for a retail shopping centre?

What cost would you expect for a warehouse?
What cost would you expect for a hotel?
What cost would you expect for city centre residential tower?