ethics Flashcards
What procedures must you follow if you are starting up a new practice? 7
*Inform RICS and register for regulation
*Have Professional Indemnity Insurance in place
*Policy for Handling Client’s Money
*Complaint’s Handling Procedure
*Appoint an officer for contact with RICS
*Abide by the RICS Rules of Conduct
*Minimum of 25% of the Partners or Directors must be chartered with the RICS
Assuming you were successful in getting chartered, how would you deal with a situation where a friend asks you for
some QS advice?
I wouldn’t give any advice or provide any advice unless I have my own pi. Recommend someone else that is capable of giving this advice.
What steps should be taken if there is a conflict of two Clients represented by the same firm?
As per the professional standard will usually be to seek Informed Consent before proceeding with the new aspect that would cause the Conflict of Interest.
What are the main elements included in a fee proposal?
fee proposal- scope of services and time element and material/labour
What is the Client approached you and stated that he would award you the project if you could provide them with
a discount?
no discount only way to reduce fees is if there was a change in sow. I have provided a Value management within the fee if this is not required the fees could be adjusted accordingly.
Tell me what you know about the RICS?
The Royal Institution of Chartered Surveyors was created in 1868 and received a royal charter in 1881. Qualified RICS members are recognized by designations such as FRICS for fellow, MRICS for member, and AssocRICS for associate. An institution, founded in 1868 and given a Royal Charter in 1881, that aims to provide education and training for surveyors and to define and control their professional conduct.
Who manages the RICS?
RICS is a self regulating body the whereby the members are the body
What would you do if you have a conflict between your company’s ethical standards and the RICS ethical
standards?
guidance is whichever is the highest ethical test, refer back to the decision tree.
example of adhering to rule 1
Members and firms must be honest, act with integrity and comply with their
professional obligations, including obligations to RICS.
=Last week upon closing final account for one of my subcontractors they offered to take me for dinner however, I declined due to it being unethical and against RICS rule of conduct.
example of adhering to rule 2
Members and firms must maintain their professional competence and ensure
that services are provided by competent individuals who have the necessary
expertise.
=we recently onboarded a new SC so I conducted credit checks and due diligence and asked for insurances to see if they were capable of carrying out the works.
example of adhering to rule 3
Members and firms must provide good-quality and diligent service. We conduct monthly in depth project reviews with the client where we spoke about Perfect delivery and any concerns they had.
example of adhering to rule 4
Members and firms must treat others with respect and encourage diversity and
inclusion.
=we often celebrate different cultural events such as eid/vasakhi and through this we educate people on site the meaning behind this.
example of adhering to rule 5
Members and firms must act in the public interest, take responsibility for their
actions and act to prevent harm and maintain public confidence in the profession.
=SC submitted an overflated variaiton quote compared to his original rate. so I conducted a thorough review and made them resubmit a fair price to the client.
what is within appendix A of rules of conduct
professional obligations to RICS.
1. Members must comply with the CPD requirements set by RICS.
2. Members must cooperate with RICS.
3. Members must promptly provide all information reasonably requested by the Standards and Regulation Board, or those exercising delegated authority on its behalf
before coming to a decision what do you consult before
I look at the RICS ethics decision tree i.e is it legal, is it in line with RICS roc, do I have sufficient information and consulted with other personnel.
