Hot Topics Flashcards

1
Q

What is COP 29 ?

A

For nearly three decades the UN has been bringing together almost every country on earth for global climate summits – called COPs – which stands for ‘Conference of the Parties’. In that time climate change has gone from being a fringe issue to a global priority.
Currently taking place in Baku, Azerbaijan.

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2
Q

Are you aware of the impact of recent events on steel ?

A

Increased in 2022 when Russia went to war with Ukraine.

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3
Q

Building Safety Bill

A

The HSE will oversee the enforcement of the new building safety regime and has already started pressing the affected parties such as designers to get them prepared for these changes.

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4
Q

What are Net Zero targets ?

A

All businesses applying for government contracts worth more than £5 million per year are required by law to commit to achieving net-zero emissions by 2050.

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5
Q

Why were the New Rules of Conduct introduced ?

A

Provide a simpler structure, making it easier for RICS members and firms to understand our rules, providing more confidence for clients and the public.

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6
Q

Supporting documents of NRMs?

A

As with NRM 1 and NRM 2, there are supporting documents available as downloadable Excel files to assist users with the preparation of estimates and cost plans that are in accordance with NRM 3.

https://www.rics.org/uk/upholding-professional-standards/sector-standards/construction/nrm/

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7
Q

Are you aware of any RICS Reviews ?

A

The Royal Institution of Chartered Surveyors (RICS) Governing Council has appointed Lord Michael Bichard to lead an independent review into the Institution’s Purpose, Governance and Strategy.

The Bichard RICS Review will make firm recommendations on the purpose and governance structure of RICS, and provide advice on values, culture and strategy for an incoming leadership team and Governing Council to take forward.

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8
Q

What is the Building Safety Act ? and its status ?

A

The Building Safety Bill received Royal Assent on 28 April 2022. The Building Safety Act 2022 (Act) marks a fundamental change of approach to building safety that applies from a building’s design stage and throughout its lifecycle.

The Act introduces a new regulatory building safety regime and measures to deal with higher risk buildings in England (the approach of Scotland and Wales is different). The new regime will, once implemented, include three “gateways” through which each building project must pass to ensure building safety requirements and clear responsibilities are met before the project can progress to the next stage.

New provisions will govern construction products and the management of building fire safety risks, as well as competency standards. The Act also aims to provide statutory protections for leaseholders including (in most circumstances) protection from the cost of fixing historic building safety risks. Where an affected building’s developer, owner or freeholder is not found or made liable, costs for remedying such risks will be paid from the fund established by the government using the proceeds of a developer levy. The Act enables the government to take action against those who do not pay for remedial works.

Key roles established (or soon to be established) under the Act include the HSE as Building Safety Regulator (with the HSE’s Peter Baker appointed as Chief Inspector of Buildings), a national regulator for construction products (which has been established within the Office for Product Safety and Standards), the Architects Registration Board that has the power to monitor architects’ competence, the New Homes Quality Board and the New Homes Ombudsman.

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9
Q

What is the governments targets with regards to sustainability and environment ?

A

Recent budget prioritised infrastructure investment , green technologies and various sustainability initiatives.
120million allocated to Green Industries Growth , development of supply chains, offshore wind farms, carbon capture.
Funding for 11 new green hydrogen projects.
8.3bn to GB Energy

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10
Q

Are you aware of any new materials being trialled for use ?

A

‘Green concrete’ UK’s first cement free masonry mortar launched. Uses industry bi products

https://www.constructionenquirer.com/2022/10/31/uks-first-cement-free-masonry-mortar-launched/?utm_source=dlvr.it&utm_medium=linkedin

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11
Q

What is IPMS?

A

International Property Measurement Standards
IPMS All Buildings was introduced in Jan 2023 and now supersedes all previous standards

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12
Q

Are you aware of the changes the RICS recently made around its use of Membership Cards?

A

Cards used to be issued every year, now they receive a digital card

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13
Q

What was the reason for IPMS All Buildings?

A

A shorter and more concise format
Organised into 4 volumes for different groups

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14
Q

What are different volumes of the IPMS?

A

IPMS 1 – External Measurements for Whole or Part of a Building.
IPMS 2 – Internal Measurements for Whole or Part of a Building.
IPMS 3.1 – External Measurements for Exclusive Occupation.
IPMS 3.2 – Internal Measurements for Exclusive Occupation.
IPMS 4.1 – Internal Measurements for Selected Areas including Internal Walls and Columns.
IPMS 4.2 - Internal Measurements for Selected Areas excluding Internal Walls and Columns.

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15
Q

Please explain your understanding of the key definitions set out within the IPMS?

A

 Internal Dominant Face – The inside surface area comprising more than 50% of the lowest
2.75m measurement vertically from the structural floor surface, or to the ceiling if lower, for each
wall section.
 Component – One of the main elements into which the floor area of a building can be allocated.
 Component Area – The floor area attributed to one of the components.
 Standard Facilities – Shared areas in a building that typically do not change over time, such as
circulation areas, stairs, escalators, lifts/ elevators, toilets, cleaners cupboards, plant rooms, fire
refuge areas and maintenance rooms.

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16
Q

What is your view of the IPMS Updates?

A

 I think the IPMS when established globally will provide an extremely useful set of measurement
standards that will hopefully negate ambiguity across international markets.
 In reality this is proving very difficult to achieve due to the existing preferences in place in each
market place.
 For example the UK has been slow to adopt the IPMS due to a familiarity and preference of the
existing standards.
 I am also awaiting the updated RICS Professional Statement for Property Measurement to find
out how the Institution and experts within the profession view the updated IPMS.

17
Q

How has Brexit effected the Construction Industry?

A
  1. Movement of people
  2. Movement of materials
  3. Material cost increases
18
Q

Are you aware of some of the aims highlighted within the RICS Business Plan for 2024?

A
  1. Incorporating the Levitt Report Recommendation
  2. Immediate Financial Priorities
  3. Corporate objectives
19
Q

What is COP26?

A

Most recent climate change conference. Two-week meeting was seen as a critical moment for commitments for rich countries to raise $100billion for vulnerable countries and gap to stay below 1.5C increase was large

20
Q

What was agreed at COP 26?

A
  1. Reduce use of coal
  2. Commitment to ‘phase down’ rather than ‘phase out’ coal
  3. Pledge to help developing countries to switch to clean energy
  4. trillion dollar yearly fund from 2025
21
Q

Can you explain your understanding of COP27?

A

COP27 took place in Sharm El Sheik, and highlight countries most affected by extreme weather
Rich countries pay 100bn per year to poor countries

22
Q

What is your understanding of green mortgages?

A
  • A mortgage that rewards someone for buying or owning an energy efficient home by offering favourable terms
  • Result in lower interest rates or receiving cashback
23
Q

What is the Levitt Report?

A
  • Commissioned by RICS
  • Prior to the audit RICS had to extend its overdraft by £3million due to poor cashflow forecasting
  • Treasury management offered a ‘no assurance verdict’
  • RICS Governing Council need to have more oversight
  • RICS Governing Council must be briefed by the management board rather than one CEO
  • RICS Governing Council are to oversee executive management bonuses
24
Q

What is meant by the term embodied carbon?

A
  • Embodied carbon refers to carbon emissions generate as a result of energy consumption and chemical processes during the life cycle of products and buildings.
25
Q

What is meant by the term inclusive design?

A

Inclusive design aims to ensure that everyone who uses a building feels dignified.

26
Q

Please explain your understanding of domestic reverse charge?

A

DRC was introduced in October 2020.
Main contractors will pay VAT to HMRC directly and not to their supply chain.

27
Q

What effect do you think the DRC has had on the construction industry?

A
  1. Reduction in cashflow for suppliers
  2. Long term prices may increase as supplier will seek short term borrowing arrangements which will cost more.
28
Q

Please explain your understanding of the RICS Black Book Document?

A

RICS Black Book provides best practice guidance for Quantity Surveying
RICS is currently undertaking a review to update the Black Book
Several out of date publications have been removed.

29
Q

What affect has the conflict in Ukraine had on UK Property & Construction Industry?

A
  1. Significant energy price increases
  2. Cost increases for steel, bricks, plastics, ceramics
  3. Intensified an already volatile market
  4. Delay and disruptions to material deliveries
30
Q

Can you explain your understanding of the guidelines around the RICS Logo?

A
  1. Font and colour must not be adjusted
  2. Minimum clearance around the logo
  3. RICS members can use the logo
31
Q

Please explain the Bichard Review

A

Commissioned in 2021 following the Levitt Report
36 recommendations

32
Q

What are the pros of hybrid working?

A
  1. Improved work life balance
  2. Greater ability to focus
  3. Saved commuting time and cost
  4. Savings on office space
  5. Higher levels of employee satisfaction
33
Q

What are the disadvantages of hybrid working?

A
  1. Loss of social interaction
  2. Reduced collaboration
  3. Productivity can be dependant on quality of workspace
  4. Less recognition
  5. Risk of burnout
34
Q

Please explain your understanding of the RICS Inclusive Employer Quality Mark?

A
  • Scheme launched by RICS
  • Designed to improve diversity and inclusion
  • Employers must pledge against the following 6 principles
    1. Leadership and Vision
    2. Recruitment
    3. Staff Development
    4. Staff Retention
    5. Staff Engagement
    6. Continuous improvement
  • Firms must assess their performance bi-yearly
35
Q

Tell me about the 2024 Blackbook updates

A

Blackbook provides best practice guidance , RICS is currently carrying out a review of them all for improved presentation and navigation

36
Q
A