Cost Modelling

Which of the below are NOT Single Rate , Traditional Cost Models.

• Functional Unit

• Storey Enclosure

• Elemental Method

• Square Metre

What is the primary purpose of the Functional Unit or unit method in cost estimation?

• To provide a detailed breakdown of construction costs

• To express costs based on specific functional units relevant to the project type

• To estimate costs based on the total floor area of a building

• To calculate costs per hour of labor

What is the method of measurement used in the Functional Unit or unit method?

• By dividing the total project cost by the number of units provided

• By multiplying the total project cost by the number of units

• By subtracting the number of units from the total project cost

• By adding the number of units to the total project cost

What is the primary purpose of the Square Metre Method in construction cost estimation?

• To calculate the total volume of a building

• To estimate the number of rooms in a building

• To determine the height of each floor in a building

• To measure the total floor area of a building and compare it with previous rates

What type of data is required for the Square Metre Method?

• Cost per cubic meter of completed buildings

• Details about the building's location

• Outline or sketch plan of the proposed building

• Historical weather data for the construction site

What is a disadvantage of the Square Metre Method?

• It is too complex for quick estimates

• It does not consider floor-to-ceiling height variations

• It provides precise cost estimates without any approximation

• It does not require drawings or specifications for calculations

Cubic Method is primarily used for:

• Measuring the length and width of each part of the building

• Estimating the floor area of a proposed building

• Calculating the volume of the building and applying a cost per cubic meter

• Analyzing the structural form of the building

The Storey Enclosure Method in cost estimation includes which of the following advantages?

• Consideration of plan shape, floor area, and vertical position of floors

• Easy and quick calculation methods

• Tedious calculations and extensive data requirements

• Unreliable weightings and subjective measurements

What is a disadvantage of the Storey Enclosure Method?

• Only the internal features of the building

• Plan shape, floor area, and vertical position of floors

• Only the external features of the building

• General cost estimations without specific measurements

What is the primary purpose of the Elemental Method in cost estimation?

• To estimate costs using a comprehensive breakdown of project elements

• To analyze cost based on a single unit of measurement

• To calculate costs based on square meter rates

• To estimate costs based on the cubic volume of a building