HYP. 9

Question 1

What are some specific Actions a firm can take or engage in to minimize the risks associated with….Negotiations and contracts?

Answer 1

• Do not work without a contract
• Avoid accepting a heightened standard of Care (ASS. 4)
• Stay out of Constructions Means and Methods
  Avoid guarantees
• Have a clear scope of work
• Use standard form of Agreements like AIA DOCS

Question 2

What are specific actions to minimize risking….selecting clients

Answer 2

• Work within the firm’s expertise

- Be familiar with the client.. what is their skill/history with project of the scale they want? Skilled or novices

Question 3

What are specific actions to minimize risk with …..project team capabilities?

Answer 3

• Hire and train qualified staff. Select the most qualified person for each project
• Train senior staff to use computers, train junior staff to learn how to draw
• Minimize project turnovers, max. project member continuity
• create and use office standards

Question 4

What are specific ways to minimize risk through….communication?

Answer 4

Kepp track of when documents are issues for what purpose and by whom

• Hold coordination meetings
• Make sure everyone, especially the PM, knows the contract

Question 5

T/F

This helps minimize risk:
Hiring new production staff to help with large projects

Answer 5

False
Sometimes you will need to hire new people but retaining qualified staff who are knowledgeable about the firms standard is better

Question 6

T/F

Using in-house 3rd party reviews at each major project phase helps minimize risk

Answer 6

True

Question 7

T/F

Ensuring the project manager has access to the contract helps minimize risk?

Answer 7

True

Question 8

T/F

Using the owner supplied contract for each project because it will be more specific to that project helps minimize risk

Answer 8

False
It’s better to use the standard form of agreements, like the AIA DOCS. Make sure to edit or propose changes to owner-provided contracts which likely aim to increase your standard of care

Question 9

T/F

Appointing a single person or team to review all contracts minimizes risk

Answer 9

True

This is good, ensure skilled people in your firm are looking at every contract

Question 10

T/F
Start work on a project immediately after meeting with a client so that the full scope of work can be determined during schematic design

Answer 10

False

Do not work without a contract and define the scope of work before you begin to put into a contract