Based on the table, which of the following is true regarding 'Plinth Height' and 'Location & Constraint Factors'?

Both are based on 'Actuals' for Q2 and Q3.

Both are based on 'Assumption' for all three stages.

Plinth Height is based on 'Actuals' for Q3, but 'Location & Constraint Factors' is not.

Location & Constraint Factors is based on 'Actuals' for Q2, but 'Plinth Height' is not.

What is the key difference in pricing methodology between the Pre-design Quote (Q1) and the Construction/Contract Quote (Q3) for all listed project components?

Q1 uses 'Assumption' and Q3 uses 'Actuals'.

Q1 uses 'Actuals' and Q3 uses 'Assumption'.

Both Q1 and Q3 use 'Assumption' for all components.

Both Q1 and Q3 use 'Actuals' for all components.

What is the Pre-design Quote (Q1) primarily based on?

The customer's broader inputs on the scope of construction and selected package.

Finalized Good for Construction (GFC) drawings.

Finalized schematics, including layout and elevation design.

A comprehensive Bill of Quantities (BOQ).

The final Construction/Contract Quote (Q3) is based on which set of documents?

Good-for-construction drawings following the structural design of the building.

The project's design and configuration complexity.

What happens to the prices of Cement, Steel, and RMC Concrete for the Pre-design Quote (Q1)?

They are subject to escalation or de-escalation and are adjusted to current market rates.

They remain unchanged throughout the project duration.

They are factored into the 5% foreseeable variance.

They are determined by the contractor's profit.

According to the document, what is the purpose of the Pre-Construction Quote (Q2)?

To enable the customer to optimize the design and specifications to fit their parameters.

To provide a broad-level budget estimate for the project.

To finalize all project costs and include them in the works contract.

To determine project timelines.

The Pre-Construction Quote (Q2) incorporates potential cost implications due to which factors?

Location and design complexity, including approach road difficulties and adjacent properties.

A comprehensive Bill of Quantities (BOQ).

The 1-year Defect Liability Period.

Material cost escalation of Cement, Steel, and RMC Concrete.

What is the primary rationale for the material price-linked package pricing system?

To ensure accuracy, efficiency, competitiveness, and better cost management.

To reduce the JSW One Homes commission.

To increase the number of subcontractors.

To eliminate the need for Q1 and Q2 quotes.

What is the policy for price adjustments due to design or scope changes?

A formal Change Management process requiring a Change Request Form and customer approval must be followed.

Prices are non-adjustable after the Q1 quote.

Adjustments are made at the discretion of the project manager.

Adjustments are automatically made based on market rates.

When does the external circulation of revised package pricing occur?

Quarterly (in March, June, September, and December).

When a price variance exceeds 5% in core JODL supply items.

Only when a new package is introduced.

What condition would trigger an earlier-than-quarterly external circulation of revised package pricing?

A price variance exceeding 5% in core JODL supply items from the preceding month.

A price variance of at least 10% in any material.

A change in contractor's profit.

An update to the package's design.

Which document/s are used for Q3 quotes and Contract Annexures 1B & 4?

The monthly rates approved by the category team.

What is the primary difference between the proposed 'Dynamic Pricing' and 'Monthly Price Versions' approaches?

Dynamic Pricing is a dropped option with real-time costing, while Monthly Price Versions is the proposed option with regular coefficient-based updates.

Dynamic Pricing is reliable, while Monthly Price Versions are complex.

Monthly Price Versions requires large bandwidth, while Dynamic Pricing is a dropped option.

Both are dropped options for future governance.

What is the purpose of the 'Defect Liability Period' as mentioned in the document?

To hold back a certain amount from contractor payments to cover defects

To define the project's timeline

To define the payment schedule for the customer

To define the scope of work for the project

Which document is created based on finalized schematics, including layout and elevation design?

Good-for-construction drawings (GFC)

What is the purpose of the formal 'Change Management process'?

To manage price adjustments due to design or scope changes

To adjust prices for material cost escalation

The document states that 'customer-facing circulations' such as the website and Package PDF may not be updated monthly. What will be updated monthly?

The rates used for Q3 quotes and Contract Annexures 1B & 4

The Pre-design Quote (Q1) rates

The contractor's profit percentage

What is the main difference between the 'Plinth rate system' and the standard pricing system mentioned in the document?

In the Plinth rate system, the substructure is quoted separately.

The Plinth rate system applies only to Luxury packages.

The Plinth rate system includes all taxes.

The Plinth rate system is only used for Q1 quotes.

Construction Cost Analysis Quiz

Authored by ARUN V

Construction

Professional Development

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36 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the document's Quote Structure table, at which stage are the costs for Steel, Concrete, and Excavation based on 'Assumption'?

Only Q1

Q1 and Q2

Only Q2 and Q3

Q1, Q2, and Q3

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For which component is the cost based on 'Actuals' at all three stages (Q1, Q2, and Q3)?

Flooring

Plinth Height

Brickwork/Blockwork

There is no component that uses 'Actuals' for all three stages.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following components are based on 'Actuals' only at the Construction/Contract Quote (Q3) stage?

Brickwork/Blockwork and Flooring

Flooring and Fabrication Works

Plastering and Painting

Doors and Windows

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost for 'Toilets - Plumbing & CP Sanitary' is based on 'Actuals' at which stage(s)?

Q1 only

Q2 only

Q2 and Q3

All three stages

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At which stage are all categories in the table priced based on 'Actuals'?

Pre-design Quote (Q1)

Pre-Construction Quote (Q2)

Construction/Contract Quote (Q3)

No single stage uses 'Actuals' for all categories.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following components transitions from 'Assumption' in Q1 to 'Actuals' in Q2 and Q3?

Steel and Plastering

Windows and Doors

Excavation and External Plumbing

Painting and Electrical

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The table indicates that costs for 'External Plumbing' and 'Electrical' are handled in the same way. What is this method?

Assumption for Q1 and Q2, and Actuals for Q3.

Actuals for Q1 and Q2, and Assumption for Q3.

Assumption for all three stages.

Actuals for Q1 only.

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Construction Cost Analysis Quiz

According to the document's Quote Structure table, at which stage are the costs for Steel, Concrete, and Excavation based on 'Assumption'?

For which component is the cost based on 'Actuals' at all three stages (Q1, Q2, and Q3)?

Which of the following components are based on 'Actuals' only at the Construction/Contract Quote (Q3) stage?

The cost for 'Toilets - Plumbing & CP Sanitary' is based on 'Actuals' at which stage(s)?

At which stage are all categories in the table priced based on 'Actuals'?

Which of the following components transitions from 'Assumption' in Q1 to 'Actuals' in Q2 and Q3?

The table indicates that costs for 'External Plumbing' and 'Electrical' are handled in the same way. What is this method?

For which component is the cost based on 'Actuals' at the earliest stage possible?

Based on the table, which of the following is true regarding 'Plinth Height' and 'Location & Constraint Factors'?

What is the key difference in pricing methodology between the Pre-design Quote (Q1) and the Construction/Contract Quote (Q3) for all listed project components?

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