Professional Practice Architecture Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Professional Practice Architecture Test. Use comprehensive flashcards and multiple-choice questions with hints and explanations. Boost your confidence and ace your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

For a simple residential project, how much of the Project Cost will be allocated for Material Cost?

The correct answer is: 60%

In typical residential construction projects, material costs often account for a significant portion of the overall project cost, and the allocation can vary based on the specific nature of the project and location. In this case, the allocation of 60% for material costs is reasonable for a simple residential project. This percentage encompasses a broad range of materials needed, including lumber, concrete, roofing, fixtures, and finishes. Allocating this proportion of the project cost to materials is consistent with industry standards where materials represent a substantial part of the total expenditures. Depending on the complexity and size of the project, labor, overhead, and other costs may also influence this allocation, but for a straightforward residential build, 60% is a practical estimate. This allocation helps project managers budget effectively and ensure they have sufficient funds for the essential materials needed to complete the construction.