COST CONTROL

1
COST CONTROL

• SPRING 08
• EXAM DATE,HOME WORK AND REVIEW QUESTIONS

FEBRUARY 5
2
MIDTERM EXAM

• FEBRUARY 19TH
• EXAM TOPICS
• CONSTRUCTION DOCUMENT TOPICS
• PROGRAMMING
• SCHEMATIC DESIGN
• DESIGN DEVELOPMENT
• SPECIFICATIONS
• CHAPTERS 1-3

3
H.W. (IN ADDITION TO WHAT IS LISTED IN THE CLASS
SCHEDULE)

• D4 COST Students shall download the software at
  the following location using the user name
  password below
• http//www.d4cost.com/d4cost/d4cost90.zip
• User name dcd
• Password d4c80a
• 1-800- 533 -5680

4
Home work

• Start pulling out some specs sections as relating
  to your project. A good starting place is
  www.products.construction.com
• Beginning specs booklet assemble in a 3 ring
  binder is due February 12
• Start working on the second floor preliminary
  drawings with specs sections due February 26
• Review drawing set as example for list of
  drawings required.
• The Space Requirements Matrix will be due March
  11.

5
Homework cont.

• Make sure your name is CLEARLY WRITING ON THE
  COVER - NO SECRET NAMES PLEASE
• Submit your work in an 8 ½ x 11 binder
• The binder shall be divided with tabs for each
  submission
• i.e. the first submission will just have the
  specification sections you were able to pull at
  that time
• The second tab shall have specification sections
  and drawings
• You will be adding to the binder with each
  submission.

6
Questions (chapters 1-2)

• What does ASTM stands for?
• What are the essential methodologies of cost
  management?
• What are the steps that design should follow?
• What are the definitions to the three
  terminologies that will be used in this book?

7
Questions

• What are the four parts to budget?
• What is the application to the cost estimating
  tool?
• What are the eight cost management methodologies?
• What are the key considerations of cost
  management?

8
MORE QUESTIONS

• What is included in direct cost?
• What is Field-related general conditions consist
  of?
• True or false A contingency may be carried as
  part of general conditions and/or markup.
• Is labor productivity a driving force in the cost
  of installation?

9
Questions

• What are the factors which can affect cost under
  general conditions?
• What are the three major categories of capital
  cost?
• True or false Cost and benefits of transferring
  risk will always be in proportion.
• True or false Taxes and insurance will not have
  the potential to generate a major impact on labor
  costs.

10
Questions

• What are some lessons that cost managers should
  be aware of?
• What does GMP stands for?
• Of all the cost components which one is the most
  straightforward?
• What are the essential components of building
  commissioning?

11
Questions

• Explain the following
• Site Costs
• Hard Costs
• Soft Costs
• Explain the Distribution of Hard Costs?
• What are the factors that influence Building
  Costs?
• What are the lessons the cost manager should be
  aware of in general?