BPM207: What are capital costs? Describe and explain the 3 main components that make up the capital costs in a construction project: Cost Management for Architectural Works Assignment, SUSS, Singapore

Question 1

A) What are capital costs? Describe and explain the 3 main components that make up the capital costs in a construction project.
B) Identify and describe any 3 roles of the Consultant Quantity Surveyor during the pre-contract and 3 roles during the post-contract stages of a construction project.

Question 2

Illustrate and explain with examples, the following preliminary cost estimating method used to calculate the initial budget of a construction project during the design phase, in terms of principle, procedure, advantages, and disadvantages.

(a) Unit Method
(b) Superficial Method using the Gross Floor Area