Fichas
Commercial management of construction cards
Fichas del conjunto (11)
- 1What are some techniques to reconcile cost against income?Cash flow forecasts, profit and loss account, cost reporting.
- 2What would you included in a cost report?Contract Sum
Agreed/instructed variations
Potential variations
Claims
Anticipated final account
Total Payments - 3What is the purpose of a cost report?Report against budgeted values.
Give the client and understanding of any savings or additional monies required
Report the contract progress against pre-contract predictions. - 4What makes up the cost of a project to a contractor?Elemental breakdown forms a contract sum. With this there will be OH&P, prelims, contractor contingency, design costs to them
- 5How can the design have an affect on the cost of a project?Through the specification of materials. Build-ability of the design.
Detail and level of design.
Type of works being undertaken - New build or re-furb.
Design risks - knowns and unknowns - 6What are the sources of cost data that are often used by surveyors when preparing estimates?Previous Projects
Price Books
BCIS
Live pricing/ costing documents from the market.
Cost Models and published cost data - 7What is value engineering?Organised approach aimed at providing the necessary functions at the lowest cost without affecting quality, reliability, performance or delivery. Ensuring the product is efficient as it can.
- 8What information would typically accompany a budget estimate for a construction project?• A covering letter
• Executive summary
• Specification notes
• Assumptions
• Exclusions
• Drawings and specs
• List of value engineering susggestions
• A risk register - 9What is the main purpose of a cash flow forecast?To ensure the employer has an accurate assessment of what needs to be paid to the contractor and when/periods.
- 10What are the two types of cash flow forecasts?Project cash flow- used to track construction progress/payments against the agreed programme
Organisational cash flow - track money in and out to plan business and resources - 114 Methods of valuation payments1) Stage payments - pre-agreed values at pre agreed dates
2) Milestone payments - paid on reaching set millstones on a project
3) Activity Schedule payments - NEC Option A and C when certain activities are completed
4) Valuations - QS values the work
Información
- Descripción
- chartership T10 Commercial Managment of Construction Fichas sobre Commercial management of construction cards, creado por Fred Fulford el 30/05/2015.
- Creado por
- Fred Fulford
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