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IAAO 300: COMPLETE COURSE REVIEW 2024 QUESTIONS AND ANSWERS
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IAAO 300: COMPLETE COURSE REVIEW 2024 QUESTIONS AND ANSWERS
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IAAO 300: COMPLETE COURSE REVIEWWhat is the current RCN given the following information?
Original Cost: $260,000
Square Feet: 6,000
Index at time of construction: 180
Current Index: 220 - ANSWERS-RCN = $260,000 x 1.22 = $317,200
Where can cost tables and schedules be obtained from? - ANSWERS-Marshall &
Swift, state agencies, in-house
What is the most common costing method? - ANSWERS-Comparative Unit per
Square Foot
Price Related Differential is a measure of what? What is the acceptable range?
PRD greater than 1 means what? PRD less than 1 means what? - ANSWERS-1.
vertical equity
2. 0.98 to 1.03
3. Regressive
4. Progressive
Overhead and profit are examples of what type of cost? - ANSWERS-In-direct
costs
, What is the most detailed cost estimation method? - ANSWERS-Quantity Survey
Cost models are what type of model? - ANSWERS-Hybrid(Generic) Cost Model
Trending using medians would be done by dividing the target median by the
actual median. True or False - ANSWERS-True
The IAAO acceptable median range is what? - ANSWERS-0.90 to 1.10
Find the 40th percentile for the following data set:
$80,000
82,600
84,000
87,100
90,000
96,000 - ANSWERS-$83,720
What is the current cost given the following? Round to 2 decimal places.
Original Cost $160,000
Index at construction 1.4
Current Index 1.7 - ANSWERS-$193, 600
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