P&D Pathway 2023 Flashcards

Question

Talk me through a sensitivity analysis i advised on (lv3)

Answer 1

Abergele 1) risk and opportunity schedule 2) prepared sensitivities following this & advised the market was predicted a downturn 3a) build costs increase 3% 3b) OM pace reduction 4 -> 3 4) advised land value would need to be reduced following sensitivity analysis. Could risk not winning bid for the site. However, this sensitivity would reduce risk for the business during an uncertain and struggling market. Therefore, use sensitivity analysis’ residual land value for bid / offer

Answer 2

To understand and manage proactively, optimising success by minimising threats and maximising opportunities and outcomes AND REDUCE UNCERTAINTY

Answer 3

Abergele RISKS - offsite highway works as access down narrow lane. Unsafe so needs widening - hill, so retaining walls required Opportunities - allocated in strategic plan. But expired 2022 - National shortage of affordable in Wales. 10% requirement, so this would provide a huge uplift as we would provide over and above this - Since submission - My firm have vern successful in getting an option on land with min land value

Answer 4

1) typically requires 20% less labour days. So 300,000 gov target is more achievable. Quicker 2) off- site manufacturing - improved H&S due to controlled environment 3) carbon savings 4) renewable material 5) green properties - insulating properties, helping keep us naturally warm and achieve energy efficiency targets

Answer 5

Cowley Hill (1,100 units on brownfield land) - wrote executive note - detailed the status of DA (land acquisition approval stage), site particulars, project brief, technical overview detailing the abnormal costs, financial position summarising DA and cash flow and construction method statement & programme, Market research to substantiate sales revenue

Answer 6

- bats in building needing to be demolished (European Protected Species). Would need licence and alt roosting space to be installed prior to demo - glass factory - burgy waste (by-product of glass manufacturing = silt and fine sand) - 25 known mine shafts - railway line tracks

Answer 7

Executive non-departmental public body, sponsored by the Department for Levelling Up, Housing and Communities

Answer 8

Control of Asbestos Regulation 2012

Answer 9

Health and Safety at Work Act 1974

Answer 10

Construction Skills Certification Scheme

Answer 11

The T&C Planning (Environmental Impact Assessment) Regulation 2017 Schedule 2 >150 dwellings OR >5Ha Demolition = >1Ha [Not required for Thatto as 0.05Ha in size

Answer 12

1- Screening (EIA req?) 2- Scoping (extent of issues to consider, can ask LPA opinion) 3- Prepare statement 4- Make PA and consultation 5- Decision making

Answer 13

Conservation of Fuel and Power - increased level of insulation (fabric 1st approach then PC and wastewater recovery - 21 regs) - fabric first = max performance of components and materials that make up our homes before mechanics and electrical building systems - fabric first benefits = reduced maintenance costs, tried and tested, decreases human error

Answer 14

Overheating and mitigation (2010, 2021 edn) - limited unwanted solar gains in summer - provide adequate means to remove heat from indoor environment 1) size and design of windows 2) minimise amount of glazing on all non-north facing facades 3) ensure satisfactory openable window area to mitigate against overheating

Answer 15

1) Proposed development (design, size, site) 2) likely sig effects on environment 3) mitigation methods 4) substantiated reasoning for options 5) non-technical summary 6) additional info - Inc expected estimates of residues and emissions (air, water, soil, subsoil, pollution, noise, vibration, light heat)

Answer 16

Guidance Note - Surveying Safely - Health and Safety Principles for property professionals (2019) - sets out basic, good practice principles for the management of H&S for firms and members

Answer 17

1) safe working environment 2) safe work equipment 3) safe systems of work 4) competent staff

Answer 18

RICS Guidance Note: ‘Surveying Safely - Health and Safety principles for Property Professionals’ (Feb 2019) Responsibility for own, colleagues and others’ H&S while at work

Answer 19

1- management of H&S at work 2- Display screen equipment 3- Manual Handling Operations 4- PPE at work 5- Provision and Use of Work equipment 6- Workplace Health, Safety and Welfare

Answer 20

Reporting of Injuries, Diseases, and Dangerous Occurrences Regulation 2015 - 7+ days incapacitation (away from work) trigger for reporting injuries - 15 days to report to HSE - 3+ days injuries to be recorded by employers - kept in accident book. Kept for min 3yrs after accident / injury

Answer 21

- to ensure financial transparency, accountability, integrity within organisations - to check findings of the financial audit - to verify company assets and liabilities - to monitor, examine and evaluate management policies, practices and activities

Answer 22

A summary of the business’s income and expenditure transactions, prepared usually on an annual basis

Answer 23

The amount of cash or cash-equivalent which the company receives or gives out by the way of payment(s) to creditors

Answer 24

A statement of the business’s financial position showing its assets and liabilities At a given date Usually the end of a financial year

Answer 25

1) gross profit margin = GP / sales 2) operating profit margin = operating profit / sales 3) current ratio = current assets / current liabilities 4) Gearing Ratio = (Debt / Equity) x100. Low ratio = low risk as use equity to fund. Used to assess financial risk 5) ROCE = operating profit / capital employed (assets - liabilities) x 100

Answer 26

Ensures that all new build homes, built from 2025 will produce 75-80% less carbon emissions than homes delivered under current regulation Building Regs relevant - Part L (conservation of fuel and power) - part F (ventilation)

Answer 27

Net Zero Ready Homes = same standard as Net Zero but without the renewable energy systems being installed (e.g. solar panels) Net Zero Homes = homes that produce as much clean energy as they consume

Answer 28

Following 15 June 2023 - solar panels - waste water heat recovery - added insulation 2025 - battery - air source heat pump 2023 - hydrogen boiler - low carbon materials

Answer 29

UK Equality Act 2010 1) gender reassignment 2) sex 3) sexual orientation 4) age 5) disability 6) race 7) religion or belief 8) marriage or partnership 9) pregnancy and maternity

Answer 30

Treated worse than another person because: - you have - someone thinks you have - connected to a person who has A protected characteristic

Answer 31

A policy applies in the same way for everybody but disadvantages a group of people who share a protected characteristic - e.g. prohibiting women from wearing headgear (religious belief) - e.g. policy of only meat provided at company dinner (vegan / vegetarian for ethical or religious reasons)

Answer 32

Unwarranted behaviour you find offensive, which is caused by having it being connected to someone with a protected characteristic

Answer 33

Treated someone badly because they have done a protected act or because an employer, service provider or other org believes you have or are going to do a protected act. - making a claim or complaint of discrimination - helping someone make a claim by giving evidence or info - making allegation that you or someone else has breached the Act - doing anything else in connection with the Act

Answer 34

Justin Young

Answer 35

Ann Grey FRICS

Answer 36

Promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure

Answer 37

4 fellowship characteristics 1) more than 5 years MRICS 2) leadership role 3) professional/technical achievement 4) raising profile of the RICS

Answer 38

1- status 2- recognition 3- market advantage 4- knowledge 5- network

Answer 39

Effective Feb 2022 1- be honest, act with integrity and comply with professional obligations including obligations to the RICS 2- maintain professional competency and ensure services provided by competent individuals with necessary expertise 3- provide good-quality and diligent service 4- treat others with respect and encourage diversity and inclusion 5- act in public interest, take responsibility, act to prevent harm, maintain public confidence in the profession

Answer 40

Provides a framework should members face a potentially unethical situation 1- sufficient facts 2- legal? 3- ROC ? 4- consult appropriate people for informed decision 5- clear reasoning 6- content for actions to be made public? If yes- ACT, REFLECT & RECORD

Answer 41

- under terms of Royal Charter - gov council currently has over 20 members and run the RICS providing management and strategic direction - 17 specialist professional groups: land, property and construction - CEO: Justin Young - President: Ann Grey FRICS

Answer 42

Reported in June 2022, 36 recommendations in 7 key areas 1) renewed and Inc focus on public interest 2) Maintaining self regulation through greater independence for regulatory functions 3) increased focus on diversity and inclusion 4) empowering and enable members through greater support inc member engagement with younger members 5) independent reviews of RICS governance and effectiveness at delivering its Charter for public advantage every 5yrs 6) a new simplified, clear, accountable governance structure 7) showing greater leadership on issues mattering most to society e.g. sustainability and climate change

Answer 43

Very public exposure of the lack of clarity, structure and purpose of the RICS governance arrangements Called for a full independent review of the purpose, governance and strategy of RICS LORD MICHAEL BICHARD reviewed

Answer 44

- new governance council elections took place April 2023 to better reflect the geographical locations and disciplines of members - recruited Diversity, Equality and Invlusion and Sustainable Panel Chairs to lead these priority issues - announced in April 2023 a package of support to promote and drive member engagement, experience and value initiatives including: free CPD events, working with MATRICS, improved customer experience

Answer 45

A responsible developer, working in partnership to deliver sustainable homes, communities and social value, leaving a lasting legacy of places people love

Answer 46

High return, capital light partnership model. To position the company to deliver sustained growth and provides market resilience

Answer 47

35% OM, 65% partner sales (PRS / HA) - merger of partnership and housebuilding divisions - combine strength of both operating divisions - keep it simple, one way of working e.g. standard housetypes, no deviations - focus on production - regional businesses to deliver between 500-900 new homes each year

Answer 48

ST = one approach, 35% OM / 65% Partnership. Training of staff for TF construction MT = improving sustainability. All low rise to be built with TF. TF factories = 5,000 output in 2024, 2,500 2023. LT = continue to improve sustainability, working for net zero production

Answer 49

>1m households on LA wait list 1-in-10 across Uk living in poor quality housing 310k children sharing beds 110,000 in temp accommodation Homeless highest in 25yrs

Answer 50

- one clear direction tailored to current market - confidence of investors and clients - focus on key priorities - budgeting - setting staffing levels

Answer 51

Analytical technique to support strategic decision Strengths / weaknesses / opportunities / threats

Answer 52

To analyse the key feathers of the external environment Political Economic Social Technological Legal Ethical / environmental

Answer 53

New Rules of Measurement 2 (2021) 1) saves time and cost - of several contractors measuring same design to calc costs 2) consistent basis for obtaining competitive bids 3) provides clear and extensive statements of works to be executed 4) strong basis for budgetary control

Answer 54

1- form of tender 2- summary 3- prelims 4- measured work 5- non-measured work 6- provisional sums 7- contractor designed works 8- risks 9- credits (for materials arising from works) 10- day work (provisions) 11- annex

Answer 55

1) date measurement undertaken 2) state measuring methodology 3) reference to scale, any plans included 4) state conversion factor from metric/imperial and any rounding 5) measurement and calcs clearly documented 6) RICS Members to state why IPMS not used 7) Adopting IPMS = mandatory for reporting resi and office space

Answer 56

1) beware of resizing 2) CAD - accurate and efficiently draw using model space 3) CAD - coordinates need to be properly inputted for setting out on site

Answer 57

1 acre = 0.4046 Ha

Answer 58

Maghull - to include in bill of quantities for the groundworker to estimate costs

Answer 59

Prepared by QS / estimator - allow for a direct comparison between contractors pricing on a project - provides basis for post contract management including valuing variations, final account prep, interim vals and audit

Answer 60

- lengthy process to product firm bulls - high production costs

Answer 61

215 x 102.5 x 65 m

Answer 62

Followed NRM 2 (2021) - used dimension paper and scale ruler - ensured drawing printed to scale - entered measurements on material quantity check excel workbook (internal to company) Split screen: length of wall * height = area Area * 60 = no. Bricks No. Bricks * 10% wastage = total Roads and driveways Road length (5.5)+ footpath calcs (2x2) = area Area * depth * rate = estimate cost Depth could be to calculate wearing course @ 20mm (for example)

Answer 63

+ves = inexpensive, easy to use, measurement ok, good for land measurement -ves = wheel skip, rough terrain (inaccuracies), slow in comparison to laser distance finder

Answer 64

M4(1) - visitable dwelling (level access to home & GF toilet) M4(2) - accessible and adaptable dwelling (reinforced stud wall to support grab rail) M4(3) - wheelchair user dwelling (sufficient internal space for wheelchair, disabled car parking space)

Answer 65

1 - simple (key variables such as GDV, build costs, finance rate, yields) 2- scenario (changes include content, timings such as phasing the scheme or modifying design) 3- Monte Carlo Simulation (using probability theory, using software such as crystal ball)

Answer 66

All Written valuations unless one of 5 exceptions

Answer 67

1- negotiation or litigation 2- statutory function 3- internal purposes 4- agency or broker work in anticipation of receiving instruction 5- giving evidence as expert witness

Answer 68

RICS - Valuation - Global Standards 2021

Answer 69

RICS Professional Standard 2020 ‘Valuation of Development Property’ and IVS. Value arising from any expectation that future circumstances affecting the property may change: e.g. 1- future prospect of securing PP 2- marriage value realisation (merger of 2+ interests in land - physical or tenurial)

Answer 70

5% standard residential property 10% one off commercial propert 15% if exceptional features of property Agreed with client

Answer 71

= a piece of land controlling the access to another piece of land Stokes v Cambridge (1961) - the value of 1/3 the uplift in development value to owner of random strip

Answer 72

Agent fees = 1% + VAT Solicitor fees = 0.5% + VAT

Answer 73

- tenant covenant strength - rent factors (building layout, size, height, loading, access, car parking and access to public transport - key lease terms (unexpired terms, provision for rent increase, responsibility for repairs, maintenance and insurance, restrictive covenants, planning restrictions re use class)

Answer 74

Valuation of trade related property where there is a monopoly position. Used where the value of the property depends upon the profitability of its business and its trading potential E.g. pubs, petrol station

Answer 75

Last resort Only used where direct market evidence is limited or unavailable for specialised properties. For accounts purposes and rating valuations only E.g. lighthouse, school

Answer 76

Value of land + cost to rebuild (+fees) - depreciation - obsolescence

Answer 77

Used when there is an income stream to value Term and reversion (under rented) Layer/ hardcore (over rented)

Answer 78

Use: over rented investments Income flow divided horizontally Bottom slice = market rent Top slice = rent passing less market rent until next least event Higher yield applied to top slice to reflect additional risk

Answer 79

Under rented (vertical separation of income) USE: for reversionary investment (market rent more than passing rent) - term capitalised until next review/ lease expiry - reversion to market rent valued in perpetuity at a reversionary yield (anticipated yield)

Answer 80

1) search and select 2) confirm/ verify 3) assemble schedule 4) adjust using hierarchy 5) analyse to form opinion of value 6) report value and prepare file note

Answer 81

Category A - Direct * near identical with full and accurate info Category B - General market data that can provide guidance * indices, historic evidence Category C - other sources * transactional evidence from other real estate types and locations * interest rates, stock market movements

Answer 82

1) site prep 2) planning costs 3) building costs 4) professional fees (10-15% on construction costs) 5) contingency (5-10% construction costs) 6) marketing costs and fees (1-2% GDV) 7) finance 8) profit

Answer 83

1) importance of accurate info and inputs 2) does not consider timings of cash flow 3) very sensitive to minor adjustments 4) implicit assumptions hidden and not explicit (unlike DCF) 5) always cross-check with comparable site Val if possible

Answer 84

Depreciation = predictable and gradual decrease in value of an asset Obsolescence = sudden and often unpredictable decrease in value due to changes in technology, consumer preferences or other factors

Answer 85

Area of land that can be used to build housing (excludes POS, major roads)

Answer 86

New Islington 1) inspect with supervisor 2) obtain comparable and check values 3) was advised investor as opposed to owner occupied 4) obtain comparable for investor transactions (rental value) 5) applied market based yield (the annual return in investment expressed as a % of capital value) 6) calculated gross rent multiplier (property price / gross annual rental income) 7) enter subject property listing price to determine if under or over rented

Answer 87

The annual return in investment expressed as a % of capital value

Answer 88

The estimated amount for which an asset or liability should exchange in the valuation date between a willing buyer and willing seller in an arms length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion

Answer 89

1- competence 2- independence 3- TOE

Answer 90

The estimated amount for which an interest in real property should be leased on the valuation date between a willing lessor and lessee in appropriate lease terms in an arms length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion

Answer 91

VPS4 Minimum = confirmed in writing prior to commencing red book Val 1) identification and status of valuer 2) identification of the client 3) identification of any other intended user 4) asset to value 5) currency 6) purpose 7) basis of value 8) date 9) extent of investigation 10) nature and source of info relied upon 11) assumptions and special assumptions 12) format of report 13) restrictions for use, distribution and publication 14) confirmation of red book compliance 15) fee basis 16) CHP 17) statement compliance 18) limitation on liability agreed

Answer 92

1) provide effective, site-specific procedures and mitigation measures to monitor and control environmental impacts throughout the construction phase of a project 2) ensures construction activities so far as is practical, do not adversely impact amenity, traffic or the environment in the surrounding atra

Answer 93

Major construction: (depending on LA) 1) residential development with 10+ dwellings OR site of 0.5Ha or more 2) commercial development >1,000sqm floor space 3) Any development >1Ha

Answer 94

Decided fining drivers wasn’t an option due to: - no contractual relationship - how would we get it paid? - not implementable. Can’t enforce Fining companies = viable - ‘Right of set-off’ legal right by a debtor to reduce the amount owed to a creditor by off-setting against it any amounts owed by the creditor to the debtor. 1) establish principle, must follow route or fine 2) ability to set off - prove event (traffic Marshall) 3) hold back - contra charge and withhold funds.

Answer 95

A - Direct B - General Market Data C - Other sources

Answer 96

1- necessity 2- direct relationship 3- scale

Answer 97

Community Infrastructure levy (amendment)(England) 2019

Answer 98

Section 183 of the T&C Planning Act

Answer 99

Prohibits continuation of any activity that is set out in an enforcement notice until the enforcement notice has been complied with Can only operate with enforcement notice

Answer 100

Fine up to £20,000 in magistrates court OR Unlimited in higher court

Answer 101

Within 6months (non-determination can be submitted up to 6months from date if the application) 1) written statement 2) informal hearing 3) planning inquiry (for larger, more complex cases where cross examination may be required) 4) decision called in for determination by the Secretary of State

Answer 102

10% gain Calc = pre-development units + post development units including off site BNG (+10%) Can’t be tweaked by s96A or s73 Hierarchy: avoid, mitigate, compensate, contributions Covenant on land. Nov = further guidance Jan = implementation April 2024 = BNG for small sites

Answer 103

Wastewater from homes and its discharge into rivers contributes to build-up in nutrients downstream in protected wildlife habitats - results in growth of algae that harms habitat <5% contribution from housing. Key contributing factor = farming 134,400 homes delayed, 74 LA affected Solution: wetlands Awaiting gov next steps

Answer 104

NRM1 - guidance on quantification of building works for purpose of preparing cost estimates and cost plans NRM2 - prep of bill of quantities and quantified schedules of work. NRM3 - gives guidance on the quantification and description of maintenance works for the purpose of preparing initial order and cost estimates. Aid procurement and cost control of maintenance works

Answer 105

1) employer change risk 2) employer other risk 3) design development risk 4) construction risk

Answer 106

Brundtland report - ‘development which meets the needs of the present without compromising the ability of future generations to meet their own needs’

Answer 107

1) lawfulness, fairness and transparency 2) purpose limitation 3) data minimisation 4) accuracy 5) storage limitation 6) integrity and confidentiality (security) 7) accountability

Answer 108

1) to be informed 2) to access 3) to rectification 4) to erasure 5) to restrict processing 6) to data portability 7) to object 8) to automated decision making and profiling

Answer 109

Controls how your personal information is used by organisations, businesses or the government

Answer 110

- 6yrs if contract is signed underhand - 12yrs if contract signed as a deed - RICS recommends up to 15yrs, this is the limitation period for most legal claims

Answer 111

1) honesty 2) integrity 3) Competence 4) Service 5) Respect 6) Responsibility

Answer 112

Right and wrong based on rules E.g. an action could be wrong even if it has good consequences

Answer 113

Right and wrong based on consequences E.g. it is ok to lie or break a promise for the sake of good consequences

Answer 114

1) action by head of regulation 2) Disciplinary a panel 3) appeal panel

Answer 115

1) issue regulatory compliance order (written doc stating terms member must make or desist from in a specified time period and agreement to pay a fine) e.g. not following CPD rules 2) reprimand 3) fine 4) impose conditions upon future continuation with the RICS 5) expulsion from membership or remove a firm 6) publication of results in RICS Modus mag, on RICS website and in local newspaper

Answer 116

IPS 1 - agreed in writing prior to commencing red book global valuation 1) identification and status of the valuer 2) identification of the client 3) identification of any other intended users 4) the asset to be valued 5) currency 6) purpose of the valuation 7) basis of value 8) valuation date 9) extent of investigation 10) nature and source of info being relied upon 11) assumptions and special assumptions to be made 12) format of the report 13) restrictions for use, distribution and publication 14) confirmation of red book global/IVS compliance 15) fee basis 16) CHP to be made available 17) statement valuation may be subject to compliance by the RICS 18) limitation on liability agreed

Answer 117

Assumption: reasonable for the valuer to accept something is true without need for specific investigation - e.g. room locked and can’t get in, you know from a previous visit it is the meter room. Ask to confirm it is the same. Can assume ok Special assumption: assumption that something is true, even though it is not. E.g. PP being granted on the scheme

Answer 118

1- nature of restriction agreed in writing in TOE 2- possible valuation implications of restriction confirmed in writing before value is reported 3- valued to consider if the restriction is reasonable in regard to purpose of valuation 4- restriction referred to in report

Answer 119

1- financial reporting 2- stock exchange 3- takeovers and mergers 4- collective investment schemes 5- unregulated property unit trusts

Answer 120

Value arising from any expectation that future circumstances affecting the property may change 1) future prospects of PP 2) realisation of marriage value

Answer 121

1- improve quality of valuation and ensure highest possible professional standards 2- to meet RICS requirement to self-regulate effectively 3- to protect and raise the status of the valuation profession as the leading expertise in valuation

Answer 122

1) Proportionality 2) top level commitment 3) Risk assessment 4) Due Dilligence 5) communication 6) monitoring and review

Answer 123

1- bribing 2- receiving a bribe 3- bribing a public foreign official 4- failing to prevent bribery

Answer 124

£9m cost on waste management (Vistry) Aim: reduce waste tonnes per plot by 20% by 2025 HOW: * reduce supply chain waste - packaging * better site practice * project ongoing to determine key waste streams and build stages to target and understand the gap between site specific waste and plot specific waste

Answer 125

Voluntary environmental assessment tool to rate new and refurbished buildings 8 assessments areas: energy consumption, water use, transport links, waste management and Health and wellbeing 5 ratings: pass / good / very good / excellent / outstanding

Answer 126

IPMS1 = External IPMS2 = residential (internal) IPMS3 = residential (occupier) - 3 sub areas IPMS 3A - outer face of external wall and centre line of shared walls IPMS 3B - area in exclusive occupation, Inc external walls and columns measured to the IDF and finish surface IPMS 3C - area to exclusive occupation, exc walls and columns, measured to the IDF and finished surfaces

Answer 127

IPMS 1 - planning or building cost purposes (GEA) IPMS 2 - for agency and valuation purposes (GIA) IPMS 3 - agency and valuation purposes (NIA) IPMS definitions do not correctly correspond to former GEA, GIA, NIA

Answer 128

Column 1- timesing column Column 2 - dimension column Column 3 - squaring column Column 4 - Description column

Answer 129

A formal statement of a set of business goals, the reasons they are there and the plan for reaching them. Includes, exec summary, desc of bus opp, S&M strategy, management team and personnel, operations, financial forecast

Answer 130

Public limited company (PLC) - shares offered to sale for general public and members liability limited to the amount paid on shared held by them Private limited company - doesn’t publicly trade shares. Limited to 50 shareholders. Limited liability. Private unlimited company - no limit on member’s liability Partnership - 2+ people. Partners liable for debt. Sole trader - personally liable for debts of bus, owns all profits

Answer 131

It’s a business imperative for attracting top talent into organisations. Crucial that the built environment sector has a D&I workforce that represents the global communities, our profession and supports and serves.

Answer 132

UK Generally Acceptable Accounting Principles for inclusion in financial statements.

Answer 133

St Helens (Cowley Hill) - status of development appraisal (land acq approval stage) - financial position summarising DA and cash flow - construction method statement - programme - market research - affordable homes offers and TOA

Answer 134

RICS Guidance Note in Mediation 2014 -facilitates discussions between 2 parties to explore whether a solution can be found - confidential and informal - ‘without prejudice’ - mediator has no decision making authority

Answer 135

1) negotiation 2) mediation or conciliation (3rd party intervention, not binding parties to a decision but assists to resolve) 3) adjudicative process (outcome determined by a 3rd party such as litigation and arbitration) e.g. construction payment disputes. strict timescale imposed by law, adjudicator must decide within 28 days.

Answer 136

1- speed 2- informality 3- greater opportunity for negotiation 4- costs - less on professional fees for litigation 5- quality of decision making - as outcome made by a surveyor rather than a judge 6- confidentiality

Answer 137

UK General Data Protection Regulation 2016 and Data Protection Act 2018 1) obligation to conduct data protection impact assessments for high risk holding of data 2) rights for individuals to access and erase their personal data 3) data controller - how and why personal data is processed & directly responsible for gdpr 4) data accountability - ensuring orgs can prove to ICO how they comply with regulations 5) data security breaches reported to ICO within 72 hours where there’s a loss of personal data and a risk of harm to individual 6) fines up to 4% global turnover of the company or £17.5m (greatest)

Answer 138

Individuals have the right to access info held by public bodies. Usually required to supply in 20 working days in format requested Can charge for the provision of info

Answer 139

Article 5(1) 1) processed lawfully, fairly and transparently 2) collected for specified, explicit and legitimate purposes 3) adequate, relevant and limited to what is necessary for the purpose for which they are processed 4) accurate, kept up to date with reasonable steps, erased or rectified without delay 5) identification of data subject for time only required for its purpose for which the personal data are processed 6) appropriate security of the personal data

Answer 140

Right to be: 1) informed 2) access 3) rectification 4) erase 5) restrict processing 6) data portability 7) object 8) automated decision making and profiling

Answer 141

Pros - disaster recovery, reduced physical storage, better resource management potential (gain visibility of changes and revisions) Cons - cyber crime, dependant on internet connectivity, requires training for effective use/management

Answer 142

- accessing the portal with subcontractors (with accounts with other parties). I discussed with super user for our company, I then compiled a fact sheet (change enterprise) - email transmittals, adjusted settings as per Viewpoint guidance - training not completed. Until complete, I ensured info was in both platforms. Then 4P only

Answer 143

Accident records = 5 years post accident date Fire strategy info = 15 years Current and former insurance policies = permanent Plot files = 16yrs from completion Handover packs = 15 years Customer care electronic files = 10 years

Answer 144

1) the 12 levelling up white paper missions should be binding targets for 2030 as originally stated 2) align with UN’s Sustainable Development Goals 3) employment-led regeneration should be initial driver for levelling up with a UK settlement strategy (allocate employment land by housing provision, reduce transport env issues) 4) address UK’s national housing shortage 5) Secure LT strategic infrastructure investment = critical to create sustainable places for people to live and work 6) power of commercial real estate as enabler of regeneration 7) faster, simpler and more efficient planning system 8) local and regional collaboration 9) ADR to be encouraged - reduce time and costs 10) immediate steps to up-skill and expand construction workforce - shortage currently

Answer 145

1) remediation contractor found 3 unknown mine shafts 2) inform coal authority (E3P as environmental consultant = ‘designer’ under CDM - geotechnical engineer) 3) appoint engineers to create capping details and appoint env consultant to carry out investigations to investigate no build zone for layout to change 4) apply for ‘Permit to Enter or Disturb Coal Authority Interests’ - costs £111 per 0.1Ha, up to max £2,775 for 2.5Ha+ - groundworker / remediation contractor to undertake work - grouting and capping

Answer 146

1- cap the mine 2- fill the mine 3- drill boreholes through coal seam 4- build over or near to the entrance to the mine

Answer 147

1) plan if site 2) proposed grout mixes for treatment works 3) full drawings and calculations if treating mine entries 4) any previous work such as coal mining risk assessments, desk studies or borehole logs 5) treatment grid, including the proposed development footprint (for treatment permits only)

Answer 148

- keeping pedestrians and vehicles apart - minimising vehicle movements - people on site - turning vehicles - visibility - signs and instructions

Answer 149

- provide car and van parking for the workforce and visitors away from work area - control entry to work area (gateman) - plan storage areas so that delivery vehicles do not have to cross site

Answer 150

To a HA provider 1) initially informed them of the delay and the cause 2) pulled together evidence and illustrated the consequence of the delay cause. Included a Downtime Met Office Report and programme showing how the critical path had been affected due to inclement windy weather. TF kits delayed 3) allowed me to negotiate LADs to be waived for the 2 week duration of the delay

Answer 151

1) read contracts - familiarise terms of EoT requests e.g. timeframes to be met 2) send notices in time (EoT claim & Notice of Delay) 3) document everything 4) keep updated schedule

Answer 152

1) adverse weather conditions (inclement weather - severe or harsh conditions) 2) client change orders 3) events beyond control Won’t accept: - contractor negligence (e.g. failing to co-ordinate subcontractors) - unreasonable or excessive claim

Answer 153

- Asked to understand the thought process of the person answering. - Asked for insight. - To better understand what they want out of the negotiation (e.g. negotiables and non/negotiables) E.g. what is your goal / objective for the site

Answer 154

‘Right of set-off’. Set off money against account 1- establish principle, not allowed to go down road. Establish fine as a contrary to planning (letter) 2- ability to set off - price there has been an event (evidence). Burden of proof 3- then hold back money. Contra-charge & withhold funds. Need to inform them of violation, await response & amend payment Cannot fine individual drivers as no contractual relationship. Not implementable

Answer 155

Bank of England - inflation 6.7% (aim = 2%) - interest 5.25% (21 September, next due 2 November)

Answer 156

Discounted cash flow. Guidance note ‘discounted cash flow for commercial property investments’ 2010 1- estimate cash flow (income - expenditure) 2- estimate exit value at the end of the holding period 3- select discount rate (Parrys valuation and investment tables) 4- Discount cash flow at discount rate 5- value is the sum of the completed DCF to provide NPV USE: phased development projects, over-rented properties and social housing

Answer 157

Used to analyse and assess the viability of a construction project Goal: understand if the project is feasible by assessing the practical aspects of the project and identify potential Strengths and Weaknesses

Answer 158

Building information modelling

Answer 159

A highly collaborative process that allows architects, engineers, developers, contractors, manufacturers, and other construction professionals to plan, design, and construct a structure or building within one 3D model

Answer 160

1) visualisation 2) fabrication drawings 3) cost estimating (built in estimates) 4) construction sequencing (coordination and scheduling of materials) 5) conflict, interference and collision detection 6) forensic analysis (analysis for failures, leaks, evacuation plans) 7) facilities management

Answer 161

Identification, inspection and reporting of collisions between elements in a structures model. E.g. a pipe running through a steel beam

Answer 162

Site plan - 1:500 Title plan (OS Plan) - 1:1,250 Location plan - 1:1,250 or 1:12,500

Answer 163

Geodesy - is an applied mathematics discipline used to understand various aspects of the Earth

Answer 164

GIS – Geographic Information System - system that creates, manages, analyzes, and maps all types of data. GIS connects data to a map, integrating location data

Answer 165

1:500. Means the actual real life measurements are 500x greater than those on a map

Answer 166

Denotes site ownership

Answer 167

- To support property description - graphic representation and identifying the general extent of the land in a registered title

Answer 168

Shows properties general location and boundaries, as well as areas affected by covenants and easements

Answer 169

To make sure you are working from the most relevant data and maps

Answer 170

- desktop study - marketing - transmission line plans

Answer 171

- Title of project / site - north point - scale (1:500) - site boundary (red line) - drawing reference number - position of fixed buildings - source (OS)

Answer 172

Defined as The annual return on investment expressed as a % of capital value

Answer 173

Justin Young (was CEO of Knight Frank) 1) build stronger bonds with members 2) offer stability, strategy and renewed sense of purpose

Answer 174

Published January 2023 IPMS 1 = external measurement IPMS 2 = internal measurement IPMS 3.1 = external exclusive use IPMS 3.2 = internal exclusive use IPMS 4.1 = including external walls IPMS 4.2 = (selected area) excluding internal walls

Answer 175

1- type of business and staffing details 2- name of responsible principal 3- statutory regulated activities - such as for financial services 4- nature of clients 5- CHP details & records 6- PII 7- whether the firm holds clients’ money

Answer 176

1- maintain highest standards of education and training 2- protect consumers through strict regulation of professional standards 3- to be the leading source of information and independent advice on land, property, construction and associated environmental issues

Answer 177

1- Negotiation 2- Mediation or conciliation (3rd party intervention 3- adjudicative process

Answer 178

- surveys of site - environmental issues understood - asbestos - planning issues - title issues - legal issues

Answer 179

Principle of Development - Access - appearance - landscape - scale (size)

Answer 180

Grant funded by Homes England under s106 agreement E.g. Affordable rent, Shared Ownership and 1st Homes

P&D Pathway 2023 Flashcards

(210 cards)