Question 6

You are estimating the cost of a car park using functional unit method at a very early stage of a project. The car park will provide spaces for 280 number of cars. The cost of a carl of a similar car park was $950. What is the total estimated cost before making the necessary adjustments?

O A. $299,000

O B. $26,600

O C. $950

O D. $266,000

Question 7

You are estimating the cost of a restaurant building using superficial floor area. The fully enclosed covered area of the restaurant will be 320m2 and unenclosed covered area will be 90m2. If the cost per m2 is $820, what is cost of the restaurant before making any adjustments?

O A. $262,400

O B. $336,200

O C. $188,600

O D. $73,800

Question 8

You estimated the cost of a new house as $580,000 based on 2017 cost data. If the Building Cost Index for 2017 is 293 and 2022 is 350, what will be the cost after the time adjustment?

O A. $580,000

O B. $653,242

O C. $692,833

O D. $485,543

Question 9

You estimated the cost of a new public building as $1,860,000 based on Sydney cost data. The building will be constructed in Newcastle. If the location cost factors of Sydney and Newcastle are 1.000 and 1.013 respectively, what will be the cost after the location adjustment?

O A. $1,860,000

O B. $1,836,130

O C. $1,904,440

O D. $1,884,180

Question 10

You are preparing an elemental cost estimate for a building and based on historic cost data you calculate the Elemental Unit Rate (EUR) of the ceramic tile floor finishes as $155 per m2. If the new building floor will be finished with glazed porcelain tiles, what would be the EUR of the floor finishes after the quality adjustment? Assume the glazed porcelain tiles are 28% more expensive than ceramic tiles.

O A. $198 per m2

O B. $434 per m2

O C. $189 per m2

O D. $183 per m2