Alex Spring 25.04.24

Question 1

What are the RICS Rules of Conduct? (have examples for each one)

Answer 1

Refer to other Flashcard Decks.
Examples - there are on other Decks somewhere

Question 2

What are Overheads?

Answer 2

Operating costs of a business eg fixed, variable, utilities, marketing, etc

Question 3

What is Escrow?

Answer 3

Account where 3rd party hold funds until contractual obligation achieved

Question 4

What is CAPEX and OPEX?

Answer 4

Capital Expenditure - expenditure of large value, major purchases for long term

Operating Expenditure - expenditure for day to day items, operational items

Question 5

What is a Business Plan?

Answer 5

Ref other Flashcard Decks.

Contains:
Executive Summary
Director’s Report
SWOT analysis
….
Aims - eg increase staff to 1,000 employees; grow turnover from .. to …

Question 6

What is Ridge’s Business Plan?

Answer 6

Ref other Flashcard Decks. Is one somewhere on Ridge’s Plan eg turnover/profit from £90M to £130M;….

Question 7

SWOT analysis - what is it, and any examples?

Answer 7

Strengths, Weaknesses, (Internal) Opportunities, Threats (External)

Analysis used to help identify aims and means of achieving when developing a company’s business plan

eg Opportunity - increase number of clients; do this by demonstrating our competence and multidisciplinary offering.

Question 8

What are the principles of the GDPR?

Answer 8

Ref Guidebook Flashcards

However,
eg fairness, transparency, minimise, delete when not required, etc

Question 9

What are the key roles identified in the GDPR?

Answer 9

Data Object
Data Processor
Data Controller
Date Protection Officer

Question 10

What is negotiation?

Answer 10

At its simplest, an informal processes of reaching an agreement with another party whether a dispute or simply discussion review and confirm agreement.

Question 11

Give an example of a negotiation you undertook? (high level, could be just a ‘haggle’, how prepare, how conduct)

Answer 11

Carrie Guy recently:
Can just be agreeing a variation:
-identification of issue (ie claim for costs/time in relation to variation item)
-review of issue and response required (ie is a variations; required; costs reasonable; changes required)
-identify action required and how will approach (ie if agree, then identification of why agree; if not agree, identification why, and information on why should be different (together with counter proposal))
-Meet with contractor to discuss/reach agreement (in respectful manner; armed with necessary information; prior consideration of any counter reaction that may be raised an how to deal with).

Question 12

What is the CDM?

Answer 12

Ref other flashcards

Question 13

Under CDM, what are the duties of
-the Client?
-the PD?

Answer 13

Ref other flashcards

Question 14

Under CDM, can the duties of the Client be transferred?

Answer 14

Ref other flashcards

Some, but not all.

Question 15

What is a Designer under CDM?

Answer 15

Ref other flashcards

Question 16

Rules of Conduct examples? (useful to have a story in mind to draw upon - which processes undertaken eg tender analysis, double counting, followed Practice Note, Alternative B, amended, agreement to adjust)

Answer 16

Ref other Flashcards somewhere.