Term
- Construction Cost
- FF&E
- Contractor's overhead and profit
- Professional Fees
- Taxes
- Moving costs
- Telephone and Data Systems Installation
- Contingencies
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Definition
| What are some possible expenses that can occur on the an interior design project? Name 6 out of 8 |
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Term
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Definition
__________ ________ are the moneys required to build or remodel the interior, including such things as demolition, partitions, ceilings, millwork, finishes, and plumbing, electrical, and mechanical work-generally anything that is attached to and becomes part of the structure. |
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Term
| Furniture, Fixtures and Equipment |
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Definition
| On most projects, ______, ______ & ______ are separate budget items because the way they are specified, purchased and installed is different from the way construction items are handled. |
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Definition
| This is the cost of running a contracting business and includes such things as office rent, secretarial help, utilities, and other recurring costs. |
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Definition
This is the money it takes to complete a specific job, not including labor, materials, or equipment. |
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Definition
| A _______ should always be added to the budget to account for unforeseen change requests by the client and other conditions that will add to the total cost of the job. |
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Definition
| This is a technique in which a matrix is drawin with the various alternatives along side one side and the individual elements that combine to make up the total cost of the alternatives along the other side. |
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Definition
| A method for determining the total cost of a building or building component or system. It takes into account the initial costs of the element or system under consideration as well as the cost of financing, operation, maintenance, and disposal. |
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Term
Design time and Construction and Installation time |
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Definition
| What are the two majorparts of a project schedule? |
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Term
CPM Chart (critical path method) |
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Definition
This graphically depicts all the tasks required to complete a project, the sequence in which they must occur, their duration, the earliest or latest possible starting time, and the earliest or latest possible finishing time. |
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Definition
| One useful techinque for developing a schedule while at the same time involving all members of the design and construction team (including the client) is to complete a ____ _______ _________. With this process vertical lines are drawn 5 in part on an entire wall, with the space between each line representing one week. |
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Definition
| The most common and easiest is the bar chart sometimes called a _______ _______. The various activities of the schedule are listed along the vertical axis, and a timeline is extended along the horizontal axis. |
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Term
A) The client could avoid the contractor's markup Because general contractors add their overhead and profit charges (anywhere from about 10% to 20%) to all subcontracted work, the client would be paying fthat much extra for the appliances without the general contractor doing much work for the extra cost. Option D is incorrect because the interior designer could get about the same discount for the client as the contractor could, without the contracto's markup. |
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Definition
An interior designer recommends that a client purchase appliances directly rather than through a general contractor. What would be the primary reason for this recommendation? A) The client could avoid the contractor's mark up B)The client could not be overcharged for delivery and installation. C) The interior designer could provide the client a broader selection by acting as the client's agent D) The client could get a better discount than the contractor |
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Definition
| Based on previous projects, it is known that it costs about $45./ft to construct a full-height partition. On the project now being budgeted, there are about 350 ft of this type of partition. If the contractor's overhead and profit are estimated to be 14%, how much should the interior designer budget for this line item? |
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Term
| Work with the client to redesign the project to reduce the cost. |
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Definition
Bids have been submitted by four contractors on a midsize restaurant. The lowest bid is 10% over the client's budget, and the next to lowest bid is 12% over budget. What is the interior designer's best course of action. |
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Term
| C) Wall to wall carpeting |
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Definition
Which of the following is generally not considered FF&E? A) a commissioned sculpture bolted to a wall B) vending machines built into an opening C) Wall to wall carpeting D) vertical blinds |
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Term
| B) A local contractor who builds projects of a similar type |
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Definition
When designing a project in an unfamiliar city, what is the best source of cost data? A) the most current cost data book with prices adjusted for geographical location and inflation B)A local contractor who builds projects of a similar type C) A computerized cost database targeted for that city D) interior designers and architects who practice in that city design projects of a similar type. |
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Term
| B) Furnishings, professional fees, taxes, and telephone installation |
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Definition
In addition to construction, what are the major cost components of most interior design projects? A)furnishings, taxes, signal systems and moving B) Furnishings, professional fees, taxes, and telephone installation C)Fixtures, overhead and profit, moving, and telephone installation D) furniture, fixtures, taxes and moving |
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Definition
Which method provides the most accurate estimate of project cost? A) square footage B) functional unit C) parameter D) quantity takeoff |
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Term
| A) legal fees and artwork consulting |
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Definition
In preparing a budget, which of the following elements would an interior designer most likely ask the client to include? A) legal fees and artwork consulting B) taxes on furniture and computer system installation C) contingencies and an interior designer's fee D) furnishings and furniture delivery |
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Term
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Definition
A line item included in a budget to account for unknown conditions is called a A) unit price B) parameter C)contingency D)budget adjustment |
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Term
| B) interior designer and furniture dealer |
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Definition
Furniture budgets can be accurately estimated by the A) general contractor and furniture manufacturer B) interior designer and furniture dealers C) furniture representitives and clients D) furniture manufacturer and interior designer |
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