Final Revision Flashcards
Name some other programming software other than MS Project?
- ProjectLibre
- Asta Power Project
What was on the critical path in the pre-planning programme?
VP formed the critical path due to the inability to do some of the required surveys such as R&D Asbestos
Bat surveys - requirement to conduct over time (Must have 1 survey in May to August date range) Multiple required overall
Design & Access statement was required prior to submission of some of the architects design
What is the difference between valuation certificate and payment certificate?
Valuation cert is the precursory QS valuation
Pay cert is issued by the EA/CA
Pay cert can be amended to include deductions for LDs or works not in accordance.
What does RAAC stand for?
Reinforced airated autoclaved concrete
How might you improve structural load of an existing building?
Underpinning.
Efficient W2F ratio?
0.4 to 0.5
4 risk headings in NRM1?
Design Development
Construction Risks Estimate
Employer Change Risks
Employer Other Risks
Final account timelines in JCT D&B?
Contractor submit = 2 months post PC
Recommendation issued = 3 months (by EA)
Final account timelines in JCT SBC?
Contractor submit = 6 months post PC
Recommendation issued = 3 months (by CA)
How much was the civils package on the DC project?
£58m final B5.
£38m budget!
Price per KW on London?
£7500/kW
How much was the steels package on the DC project?
£64m final B5.
£55m budget.
Name 10 RICS Black Books?
- Acceleration
- Cashflow
- Change ctrl and management
- Commercial mngmnt
- Conflict avoidance & Dispute Resolution
- Construction Security & Performance Documents
- Cost Reporting
- Defining completion
- EA D&B
- E-Tendering
- EOT’s
- Final Accounts
- Fluctuations
- Interim Valuations & Payment
- Life Cycle Costing
- Management of Risk
- Surveying Safely
- Retention
- Tendering Strategies
- Termination/Corporate Recovery
- Value Management & VE
- Valuing Change
6 bribery prevention things?
P - Proportionate Procedures
T - Top Level Commitment
R - Risk Assessments
D - Due Diligence
C - Communication
M - Monitoring and Review
What is the currently anticipated final cost for the DC build?
Currently excluding all fees, indirects, and contingency pot: £780m
PTE budget = £760m
What risks did you highlight to your client going for a D&B Route?
Hard to prepare sufficient brief
Commit early to concept design (variation cost higher later as result)
Hard to compare tenders
Quality of design contingent on competency of contractor. Novation of eng/arch can mitigate.
Advantages of two stage tender?
Early contractor involvement - buildability
Collaborative working environment
Earlier start on site due to potential to overlap
Client can control supply chain selection
Contractor can use expertise to mitigate risk
Disadvantages of two stage tender?
Cost certainty not achieved 100% until final package is let
Additional PCSA fees
Ramp up costs 2nd stage (retender maybe?)
Advantages of D&B procurement route?
Time - Fast track overlap design/con
Cost - Option for lump sum/GMP
Contractor assumes all risk
Solid price certainty from early
Novation - benefits quality
With reference to the Tendering Practice Note 2017 - how would you deal with errors?
A - Accept or withdraw
B - Confirm or amend
How would a procurement route affect your costing?
Traditional = full design so less requirement on risk allowances.
D&B = More unknowns so more risk pot.
FIDIC timelines for valuation and change?
Valuation = 28 submit, 28 review (56 total)
Change = 28 submit, 42 review (70 total)
JCT payment timelines?
Valuation submitted 7 days prior to DD
Due date - +7 days
Payment Notice - +5 days
Final Payment - 21 days from Valuation date
Time period for relevant EVENT?
12 wks
Time period for relevant MATTER?
28 days
Net to Gross efficient ratio?
70 to 85%
Why do you want to join the RICS?
An accolade to the efforts I have put in since starting my career
Increased reputation associated with the MRICS status, improved standing within company and respect gained with clients
An honour to represent such a prestigious
RICS Mission Statement
Promote and enforce standards
Equip members to give high quality service
Lead solutions to major challenges in the built environment
What are the minimum levels of indemnity cover?/How do you determine the level of PI cover?
<£100,000 is £250k minimum Indemnity
£100,001-£200,000 is £500k minimum Indemnity
> £200,001 is £1million minimum Indemnity
What are the maximum levels of uninsured excess?
Depends on the level of indemnity
Up to £500k = greater of 2.5% of insured sum or £10k
Over £500k = 2.5% of insured sum
How do you handle Client’s Money?
Set clear segregation of duties for employees
A Principal oversees the client money accounting functions
Principles cannot override controls
Competent and Knowledgeable staff are to process client’s money with cover provided for long term absence
Accounting systems and data must be secure
Client money must be kept separate and clearly identifiable with the word ‘client’ included in the bank account name
Client must always have access to funds
We must agree the terms and advise the client on bank details
The account must not be overdrawn
We must maintain client ledgers and provide a running balance
What are the professional obligations of firms?
Firms must publish a Complaints Handling Procedure, which includes an ADR provider approved by RICS, and maintain a complaints log
Firms must ensure that all previous and current professional work is covered by Adequate and Appropriate PI cover which meets standards approved by RICS
Firms with a sole principal must make appropriate arrangements for their professional work to continue in the event of their incapacity, death, absence from or inability to work
Firms must Cooperate with RICS
Firms must promptly provide all information reasonably requested by the Standards and Regulation Board
Firms must display on their business literature, in accordance with RICS’ published policy on designations, a designation to denote that they are regulated by RICS
Firms must report to RICS any matter that they are required to report under the Rules for the Registration of Firms
Who is the CEO of the RICS?
Justin Young
RLBs CPH?
2 day review and response by designated project complaint handler
If client unsatisfied with solution, escalate to Regional MD who responds within 21 days of lodging of complaint
If unsatisfied, RICS approved Redress Mechanism
F10 Notification?
30 days/20 persons any one time
or
500 days total
