ELEMENTAL COST ANALYSIS

What is the definition of Elemental Cost Analysis?

• A systematic breakdown of the cost of a building for a client to determine the cost of each element.

• A summary of the total cost of a building project.

• A detailed analysis of the structural components of a building.

• A breakdown of the cost of labor in a construction project.

Why was Elemental Cost Analysis first initiated?

• To prepare a summary of the total cost of a building project.

• To provide a detailed analysis of the structural components of a building.

• To determine the cost of labor in construction projects.

• To compare the cost of two similar building types.

What is the purpose of Elemental Cost Analysis preparation?

• To serve as a reference for estimating the cost of a proposed building.

• To provide a detailed analysis of the structural components of a building.

• To prepare a summary of the total cost of a building project.

• To determine the cost of labor in construction projects.

What documents are required for the preparation of Elemental Cost Analysis?

• Complete contract document, working drawings and specification, tender report.

• Building permits, environmental impact assessment, land survey report.

• Architectural sketches, material samples, project timeline.

• Construction equipment list, safety regulations, project budget.

What is Form 2 used for in Elemental Cost Analysis preparation?

• Contain summary of the elements cost.

• Provide brief picture of the building standard and quality.

• List and content of elements.

• Systematic breakdown of the cost of elements of a building.

What is an important note to consider when using Elemental Cost Analysis for estimation?

• Cost Analysis is prepared based on the actual construction progress.

• Cost Analysis is used for determining the project timeline.

• Cost Analysis is based on the actual sum as in Final Account.

• Cost Analysis is not sufficient to determine the actual price.

How can Elemental Cost Analysis be used for decision making?

• Provides a detailed breakdown of the structural components of a building.

• Used to prepare a summary of the total cost of a building project.

• Enables clients and designers to develop ideas on how cost of elements can be allocated and obtain more balance design.

• Used to compare the cost of labor in construction projects.

What is the main reference for Elemental Cost Analysis?

• A textbook on architectural design principles.

• A research paper on construction cost analysis.

• Construction economics by Ahmad, K. H.

• Building economics: appraisal and control of building design cost and efficiency by Seeley, I. H.

What is the purpose of Cost Plan in the cost planning process?

• To keep the cost within the agreed budget and ensure the allocation in each part of building element is reasonable and proportionate.

• To provide a detailed breakdown of the structural components of a building.

• To prepare a summary of the total cost of a building project.

• To compare the cost of labor in construction projects.

What is the importance of Elemental Cost Analysis within the cost planning process?

• To ensure the agreed budget is reasonable spent by ensuring the allocation in each part of building element is reasonable and proportionate.

• To prepare a summary of the total cost of a building project.

• To provide a detailed breakdown of the structural components of a building.

• To compare the cost of labor in construction projects.