AB Cards Flashcards
PCM
Levels of a Corporation
Stakeholders, Directors, and Officers
Which Insurances are Required by AIA B101?
1 - General Liability (Covers the office space); 2 - Professional Liability (Covers errors and omissions); 3 - Workers Compensation Insurance (Employee injury/illness, medical care & lost wages); 4 - Automobile Liability (company vehicles and personal cars used for business); 5 - Employers Liability (covers employers in case they are sued, settlements, court costs, and legal fees)
Standard of Care
Expected quality of services provided by Architect in their area. Often the decider in whether the Architect has made an error or omission.
What are the format types for specifications?
Master Format: classification by material. This is the older, more commonly used format.
Uniformat: classifies by system (substructure, interiors, etc). This is the newer format that is more cohesive with BIM.
Employment Practice Liability Insurance
Insurance to protect from wrongful termination.
Intellectual Property Insurance
Insurance that covers claims based in copyright/intellectual property infringement.
What is the owner responsible for?
Pre -existing conditions, paying the contractor, owner’s consultants, and change orders, and hiring/firing the Architect.
Aggregate Limit
Total Coverage Amount
Premium
Monthly/yearly bill
Deductible
Maximum paid by the insured prior to coverage kicking in.
Claim
what the insured files to the insurance company to get payment.
Tail Insurance
What a retired architect will need. it protects completed past projects and is cheaper than insurance a practicing architect will need.
How would you file an ethical complaint against an architect?
1 - File complaint through AIA national Ethics Council within a year of the violation. 2 - advisory chair and board will be chosen. 3 - Pre-hearing, hearing, start, claim, defense, end, and judgement. (confidential, no counterclaims, can’t fine or enforce behavior, but can admonish/suspend)
Who are the most common ethics complainants?
Other architects and homeowners.
Fiduciary Duty
A legal obligation to act in the owner’s best financial interest.