Methods of Compensation March 12, 2021

Methods of Compensation March 12, 2021

University - Professional Development

39 Qs

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Methods of Compensation March 12, 2021

Methods of Compensation March 12, 2021

Assessment

Quiz

Architecture

University - Professional Development

Practice Problem

Medium

Created by

Marqueza Eve Emotin

Used 47+ times

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39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What SPP Document is the new Methods of Compensation and Schedule of Fees?

210

209

208

310

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Method of Compensation best used for an initial proposal wherein no set specifications are made—only the project type and the area?

PFPE

Unit Cost Method

PPCC

Retainer

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Calculate the Total Fee payable by the Client for non-creative work rendered by a team of one (1) Architect, two (2) Consultants, and five (5) Technical Staff for 21 days, with regular working hours per day? (Given: A = PHP1,000/hr; C = PHP700/hr; T = PHP500/hr)

PHP 673,400

PHP 823,200

PHP 746,600

PHP 642,800

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What Method of Compensation was used on the service rendered in the previous item?

PFPE

MDPE

Retainer

Unit Cost Method

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best Method of Compensation for when the project has cost and time constraints that are difficult to determine on the onset of the project?

PPCC

Lump Sum

Salary Cost x Multiplier

Retainer


6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the prescribed multiplier factor for the compensation in the previous item?

1.5 to 2.5

3.0

4.5

5.0

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To whom are the mobilization and operational costs billable to?

Architect

Client

Technical Staff

Government

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