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Details Title: NCIDQ Description: Programming,Planning,Predesign/Cost Estimating Total Flash Cards: 10 Created: 07/01/2007 17:27:05	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term Construction costs Definition monies required to build or remodel the interior, including demo, partitions, ceilings, millwork, finishes, and plumbing, electrical, adn mechanical work Term FF&E Definition separate budget item, and are usually specified for purchase and install by one or more dealers. Term 1.FF&E specified by designer and purchased and installed by the gc as part of construction costs 2 FF&E purchased directly by the client or designer for install after construction is complete Definition 1. contractor will purchase at wholesale cost and charge for retail in addition to adding fees for overhead and profit. 2.client may save on charges by arranging for delivery and installation. Term general overhead Definition cost of running a contracting business, and includes, office rent, secretarial help, utilities, and other recurring costs Term project overhead Definition money it takes to complete a specific job, not including labor, materials, or equipment. Term overhead costs Definition total can range from 10 to 20 percent of the total costs for the contractors labor, materials, and equipment. Term profit Definition percentage of the total of labor, materials, equipment, adn overhead to do the job. will range from 5 to 15 percent fo the total cost of the job. overall, overhead and profit can total about 15 to 25 percent of construction costs. Term professional fees Definition charges for professionals services, in addition to special consultants, legal fees, and testing. taxes (if applicable), are generally included in the professional fees Term coningency Definition should always be added to the budget to account for unforeseen change. 5 to 10 percent of the total budget should be included. Term parameter method Definition involves an expanded itemization of construction quantities and furnishings and assignment of unit costs to these quantities.