ExAC Exam Questions & Answers
(Grade A+)
How much liability insurance is an architect required to have? -
correct answer ✅Depends on the province, In Alberta there is no
requirement.
What resources are available to an architect to produce a project
cost estimate? -
correct answer ✅Quantity Surveyors
Construction Managers
Construction Price Index
Publications - from gov, companies, interest groups
CHOP 2.3.3
What are the Economic and Political factors that can influence
construction costs? -
correct answer ✅• Inflation
• Market conditions
• Interest rates
• Flux in supply and demand
CHOP 2.3.3
,ExAC Exam Questions & Answers
(Grade A+)
What are the Environmental factors that can influence construction
costs? -
correct answer ✅• Site characteristic
• Weather
• Location
CHOP 2.3.3
What are the Owner/Client characteristics that can influence
construction costs? -
correct answer ✅design requiring high standards of quality or
rigorous quality control procedures
(especially long life cycle, redundancies in
spaces);
complex bidding procedures;
insurance requirements above the norm;
extensive bonding requirements;
poorly written, sometimes inequitable,
non-standard contract wording;
long delays in issuing payments to contractors.
CHOP 2.3.3
, ExAC Exam Questions & Answers
(Grade A+)
What are the 4 methods of construction cost estimation? -
correct answer ✅Elemental
Area (Cost per m2/per ft2)
Volume (Cost per m3)
Unit Use - (Cost per bed, cost per seat, etc.)
What does a progressive releasing of hold backs mean? -
correct answer ✅It means that certain subcontractor hold backs
may be released in advance of substantial performance, certifying
them as complete.
List 5 examples of additional services not listed as basic under RAIC
Doc 6 -
correct answer ✅1. financial feasibility studies,
2. business cases
3. preparing functional programs
4. submissions to authorities
5. life cycle cost studies.
CHOP 2.1.10
(Grade A+)
How much liability insurance is an architect required to have? -
correct answer ✅Depends on the province, In Alberta there is no
requirement.
What resources are available to an architect to produce a project
cost estimate? -
correct answer ✅Quantity Surveyors
Construction Managers
Construction Price Index
Publications - from gov, companies, interest groups
CHOP 2.3.3
What are the Economic and Political factors that can influence
construction costs? -
correct answer ✅• Inflation
• Market conditions
• Interest rates
• Flux in supply and demand
CHOP 2.3.3
,ExAC Exam Questions & Answers
(Grade A+)
What are the Environmental factors that can influence construction
costs? -
correct answer ✅• Site characteristic
• Weather
• Location
CHOP 2.3.3
What are the Owner/Client characteristics that can influence
construction costs? -
correct answer ✅design requiring high standards of quality or
rigorous quality control procedures
(especially long life cycle, redundancies in
spaces);
complex bidding procedures;
insurance requirements above the norm;
extensive bonding requirements;
poorly written, sometimes inequitable,
non-standard contract wording;
long delays in issuing payments to contractors.
CHOP 2.3.3
, ExAC Exam Questions & Answers
(Grade A+)
What are the 4 methods of construction cost estimation? -
correct answer ✅Elemental
Area (Cost per m2/per ft2)
Volume (Cost per m3)
Unit Use - (Cost per bed, cost per seat, etc.)
What does a progressive releasing of hold backs mean? -
correct answer ✅It means that certain subcontractor hold backs
may be released in advance of substantial performance, certifying
them as complete.
List 5 examples of additional services not listed as basic under RAIC
Doc 6 -
correct answer ✅1. financial feasibility studies,
2. business cases
3. preparing functional programs
4. submissions to authorities
5. life cycle cost studies.
CHOP 2.1.10
