EXAC SECTION 4 - Cost Management Exam Questions & Answers (Grade A+).docx

EXAC SECTION 4 - Cost Management
Exam Questions & Answers (Grade A+)
4.1. Understand the factors influencing cost -
correct answer ✅Factors influencing Cost:
i. Design (form)
ii. Selection of Building Materials & systems
iii. Scheduling
iv. Long-term maintenance
v. Taxes on Value engineering


4.1. What are some activities a Intern Architect would practice? -
correct answer ✅Intern Activities:
i. Calc. areas and columns of a project '
ii. Compare costs of material (VE)
iii. Assist in prep. of cost estimates of each stage
iv. Review documents in cost estimating
v. Assist / prep. of cost analyses
vi. Conduct a survey of current costs /sqft


4.1.1 What are the typical fees of each stage of project: -
correct answer ✅1. Predesign (programming): Extra Fee
2. Schematic Design: 12-18% - (12.5%)

, EXAC SECTION 4 - Cost Management
Exam Questions & Answers (Grade A+)
3. Design Development: 12-18% - (12.5%)
4. Construction Document: 35-45% (45%)
5. Bidding and Negotiation: 2.5-6.5% (5%)
6. Construction Administration: 25-35% (25%)


*4.1.2. Identify the factors that influence cost. -
correct answer ✅1. Economic & Political: Inflation
- Market conditions (ie. too much construction - bids are less
competitive = more expensive)
- Costs can change during election periods (ie. Harder to estimate in
less stable countries)
- Union vs. non. Union: interest rates, exchanges rates for importing
materials


2. Environmental:
- Site Characteristics:
i. Topography
ii. Site conditions
iii. Brown Sites
iv. Context Buildings