ARCH 420 Final, Top Exam Questions and answers, 100% Accurate. Verified.

ARCH 420 Final, Top Exam Questions and answers, 100% Accurate. Verified. Pro Forma - -Methods of calculating financial results; Revenue Costs Financing Return on Investment PF Revenue - -Market Analysis, Sales, Rents, Less Commissions PF Costs - -Project Budget, Construction Budget, Developer Overhead PF Financing - -Cash, Land Acquisition loan, Construction loan Project Delivery Methods - -Cost, schedule, building quality, risks, capabilities Life Cycle Cost - -investment + maintenance + replacement + operating costs Life Cycle Assessment - -Materials + Construction + Maintenance + End of Life Standard of Care - -Registrant shall act with reasonable care and competence, and shall apply the technical knowledge and skill which is ordinarily applied by registrants of good standing, practicing in the same locality Design-Bid-Build (DBB) - --Project price is based on a stipulated sum (fixed price) -Two contracts: owner to architect and owner to contractor, well understood and tested in court, linear sequence -advantages: design is complete prior to build -disadvantages: long, owner responsible fro final cost change Construction Manager as Advisor (CMa) - --Basis of payment is either a stipulated sum (fixed price) or cost of the work plus fee -CM assists Owner in managing construction -Advantages: low bids, contractor involved early -Disadvantages: Lack of sub involvement CM as Constructor (Cmc) - --CM, in addition to serving as advisor to the owner, assumes financial responsibility for construction -CONSTRUCTION SCHEDULE AND COST, Two contracts, CM assists owner in managing construction Design-Build (DB) - --Large design build projects when owner contracts with a single entity to provide both design and construction -One contract, fasted delivery -Disadvantages: loss of architect as independent decision maker Integrated Project Delivery (IPD) - --Collaborative project delivery approach that utilized the talents and insights of all participants through all phases of design & construction Direct Expense vs Indirect Expense - -Indirect: Hours for human resources, rent, office supplies Direct: hours spent reviewing change orders, hours spent drafting CDs Direct Salary Expense - -over the cost of direct labor, overhead and profit Utilization Ratio & Selecting Staff - -Added billable hours a week divided by 40 hours per week A201 Owner - --Shall designate a representative who has authority to bind -Shall furnish