I have been using the Ballast practice exams to help in my PjM exam preparation, but have found a number of unhelpful, confusing and verifiably wrong information in their products. After quite a bit of frustration, I've decided that researching explanations and info I don't understand from their practice exam question explanations in NCARB's source material has been a pretty good way to study for me (worked on the last exam anyways...)
One question I can't find any information on is PjM #102. Q: '...As the budget development is prepared, the costs should be escalated to reflect the projected price in' A: 'in the middle of construction' . The explanation given is simply 'Budget prices are normally escalated to reflect the anticipated price at the midpoint of construction.'
This seems wrong to me... am I missing something? After combing the AHPP I can't find any reference to escalating prices during construction outside of change orders. Any explanation or additional resources relating to this would be much appreciated!
Please sign in to leave a comment.