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ARE 5.0 > PcM > Flashcards

PcM Flashcards

1
Q

Common compensation options for fee calculation

A 
Lump sum fixed fees
Hourly w/ no upset 
Hourly-not-to-exceed
Cost Plus fixed fees
Unit Cost 
% of actual construction cost
Reimbursable & Non-reimbursable direct costs
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2
Q

“cash method” accounting

A

recognizes revenue when cash is collected and expenses are paid

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3
Q

“accrual-based” accounting

A

revenue is recognized when earned and expenses are incurred

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4
Q

Two types of project budgeting planning

A

Top-Down & Bottom-Up

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5
Q

Top-Down project budget characteristics

A
  • based on historical project data and similar project scopes
  • formula driven
  • typically based on % of construction cost
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6
Q

Bottom-Up project budget characteristics

A

-based on the project work plan (task-level resource planning)

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7
Q

Elements of project budget

A 
gross fee
consultant fee
net service revenue 
project contingency
non-reimbursable direct expense budget 
project labor budget 
current % complete by phase of service
budgeted resource forecast by phase of service
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8
Q

4 types of schedules

A

Critical path method schedule (CPM)
Milestone charts
Bar charts (Gantt chart)
wall schedule

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9
Q

When to use milestone schedule

A

short duration projects with few tasks, under $35,000

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10
Q

When to use bar chart schedule (gannt schedule)

A

most common in A&E professions

visualize overlapping tasks on a timeline to break down phases to tasks

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11
Q

When to use wall schedule

A

great tool for medium to large-scale design projects - best means to produce project work plan to integrate tasks for architects, consultants, clients, & contractors involved

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12
Q

NSR

A

net-service revenue:

Net fee determined by subtracting consultant fees from the gross fee for a project

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13
Q

planned cost definition

A

labor hours and dollar amounts that are planned at project initiation

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14
Q

JTD

A

Job-to-date

labor hours and dollar amounts spent as of current date

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15
Q

ETC

A

Estimate-to-complete

Labor hours and dollar amounts estimated from current date to project completion

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16
Q

EAC

A

Estimate-at-completion

JTD + ETC labor hours and dollar amounts estimated at project completion

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17
Q

Planned estimate at completion definition

A

over/under calculation indicating labor hours and dollar amounts at project completion relative to planned estimates

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18
Q

percent complete definition

A

current work in plan for the project, phase, or task, expressed as a subjective percent complete and not based on the percentage of labor hours or dollar amounts spent

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19
Q

Types of multipliers

A 
Break-even
Overhead
Effective multiplier
Target
Planned multiplier
EAC multiplier
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20
Q

Break-even multiplier

A

(direct labor+overhead) / direct labor

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21
Q

Overhead multiplier

A

overhead/direct labor

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22
Q

Effective multiplier

A

current, subjective percent complete/direct labor

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23
Q

Target multiplier

A

firm-wide standard target multiplier, incl. profit target

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24
Q

Planned multiplier

A

Net-service revenue/planned cost

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25
Q

EAC multiplier

A

total NSR/EAC labor dollars

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26
Q

Billed/invoiced amounts definition

A

amounts billed to clients based on contract compensation amounts and percent complete

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27
Q

Earned revenue amounts definition

A

revenue recognized in the accrual accounting system based on (subjective percent complete) x (NSR)

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28
Q

BNE

A

billed-not-earned

amounts billed to the client but not recognized as earned revenue in the accrual accounting system

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29
Q

ENB

A

earned-not-billed

amounts recognized as earned revenue in the accrual accounting system but not billed to the client

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30
Q

planned labor definition

A

raw labor costs determined from bottom-up work plan

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31
Q

JTD labor

A

job-to-date labor

Raw labor costs expended on the project from the start date to current date

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32
Q

ETC labor

A

estimate-to-complete labor

Raw labor costs estimated to be expended on the project from the current date to project completion

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33
Q

EAC labor

A

estimate-at completion labor

sum of JTD labor and ETC labor

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34
Q

RPC

A

reported percent complete

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35
Q

types of studio organization

A
  • Shared studio/team-based (move freely)
  • organized by discipline (urban design vs interior)
  • project type
  • organized by principal
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36
Q

S.M.A.R.T.

A 
acronym used to set and measure performance goals for performance appraisal
S - Specific
M - Measurable
A- Attainable 
R - Relevant 
T - Time-bound
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37
Q

“practice” vs “title” acts

A

Practice: describe and regulate practice as well as the use of the title “architect”
Title: individual has to meet certain qualifications to use a specific title

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38
Q

eminence clause definition

A

grandfathering provisions when adopting licensing laws - allow active professionals educated and trained under an earlier and less rigorous framework to continue to practice

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39
Q

consistent elements among architectural licensing laws

A
  • establish a board and rules
  • define the practice of architecture
  • set req. for licensure and entry into profession
  • include exemptions for certain structures not req. an architect
  • define professional conduct and misconduct
  • establish sanctions and parameter for the application of these when statute is violated
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40
Q

how many registration boards constitute NCARB

A

54

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41
Q

What are the five “collateral” architectural organizations

A

NCARB
AIA
AIAS
ACSA (Association of Collegiate Schools of Arch)
NAAB (National Architectural Accrediting Board)

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42
Q

What is the most common adopted definition of the practice of architecture

A

NCARB Legislative Guidelines and Model Law, Model Regulations

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43
Q

NCARB Legislative Guidelines and Model Law, Model Regulations definition

A

Model Law—Provides a broad framework of the various authorities an architectural licensing board should be granted by its jurisdictional legislature through statutory language.
Model Regulations—Offers detailed language outlining rules for implementation of the authority and responsibilities granted to the board.

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44
Q

“responsible control” definition

A

The use of a stamp on a set of documents (both drawings and specifications) with an architect that has been involved with the preparation of the drawings

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45
Q

“Plan stamping” definition

A

inappropriate use of a stamp by an individual not in responsible control

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46
Q

“comity” or “endorsement”

A

accepting as a courtesy the qualifications for licensure from another state

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47
Q

Steps of a complaint

A
  • dismissal
  • Investigation
  • referral to the state attorney general’s office
  • deferral
  • disciplinary action
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48
Q

what are the two kinds of violations considered by licensing boards

A
  • violation by untrained and unlicensed individuals

- violation by trained individuals

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49
Q

“admitted” or “licensed”

A

admitted carrier is an insurance company licensed and authorized to do business in a specific state.

non-admitted carriers are not subjected to such scrutiny nor included in coverage by the state guarantee fund

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50
Q

“Claim”

A

is a demand for money, services, or property based upon a right in contract or by operation of law

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51
Q

“claims-made policies”

A

the date that the claim is finally made is the triggering event for coverage (NOT the date that the incident occurs)

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52
Q

“deductible”

A

provision requiring the insured to pay a specified portion of the loss on each claim. Increasing the deductible lowers the premium cost

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53
Q

“endorsements and exclusions”

A

an ENDORSEMENT is a written amendment or rider affecting the declarations, insuring agreements, exclusions, or conditions of an insurance policy.
an EXCLUSION specifically eliminates coverage for a certain hazard from an insurance policy

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54
Q

“hold harmless”

A

AKA “indemnify”
contract provision whereby one party assumes another’s legal liability
AIA document A201-2007, GENERAL CONDITIONS OF THE CONTRACT FOR CONSTRUCTION

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55
Q

“indemnification”

A

a hold-harmless provision, an agreement by one party to pay a certain specified losses or damages incurred by another party

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56
Q

“prior acts”

A

insurance provision to consider when changing carriers or buying coverage for the first time.
Firms can buy coverage for professional acts and services that took place before the became insured or when they were insured by another carrier.

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57
Q

“surplus lines”

A

insurers that are not licensed in a particular state but are non-admitted or excess and surplus lines insurers. Policies are written by surplus lines insurers because licensed or admitted carriers will not provide the needed coverage

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58
Q

“tail insurance”

A

addresses the question of protection upon retirement or withdrawal from practice.
Policy covers retired individuals for prior acts if claims are made in the future

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59
Q

another name for professional liability insurance

A

error and omissions, or E&O, insurance

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60
Q

antitrust law

A

general purpose is to foster economic competition

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61
Q

AIA Code of Ethics - three tiers

A

Canons, Ethical Standards, and Rules of Conduct

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62
Q

What are Canons

A

broad principles of conduct from AIA Code of Ethics

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63
Q

What are Ethical Standards

A

specific goals toward which members should aspire in professional performance - AIA Code of Ethics

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64
Q

What are Rules of Conduct

A

mandatory rules in AIA Code of Ethics - violation is grounds for disciplinary action

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65
Q

What are the six Canons of the AIA Code of Ethics

A 
Canon I: General Obligations 
Canon II: Obligations to the Public 
Canon III: Obligations to the Client 
Canon IV: Obligations to the Profession 
Canon V: Obligations to Colleagues 
Canon VI: Obligations to the Environment
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66
Q

Canon I

A

General Obligations:
Members should maintain and advance their knowledge of the art and science of architecture, contribute to growth, consider social and environmental impact, and exercise learned and uncompromised professional judgment

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67
Q

Canon II:

A

Obligations to the Public:
Embrace the spirit and letter of the law governing their professional affairs and should promote and serve the public interest in their personal and professional activities

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68
Q

Canon III:

A

Obligations to the Client:
Members should serve their clients competently and in a professional manner, should exercise unprejudiced and unbiased judgment when performing professional services

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69
Q

Canon IV:

A

Obligations to the Profession:

Uphold integrity and dignity of the profession

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70
Q

Canon V:

A

Obligations to Colleagues:

Respect the rights and acknowledge the professional aspirations and contributions of their colleagues

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71
Q

Canon VI:

A

Obligations to the Environment:

promote sustainable design and development principles in their professional activities

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72
Q

What AIA documents define copyright protections?

A

A201-2007 (article 1)

B101-2007

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73
Q

Four ways to think about Ethics:

A

Virtue
Social Contract
Deontology
Consequentialism

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74
Q

Virtue ethics

A

“Character-based ethics”

Modern, personal, virtues like honesty, respect, tolerance, and trust underpin the effective operation of commercial society

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75
Q

Social Contract ethics

A

“Contract-based ethics”

a set of rules governing behavior, which rational people accept on the condition that others accept it as well

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76
Q

Deontology ethics

A

“Duty-based” ethics
one’s own actions must be ethical regardless of consequences - the ends do not justify the means
good intentions and act accordingly, regardless of result (good for the sake of good)

77
Q

Consequentialism ethics

A

“result-based” ethics
determine the goodness of an action based on the consequences it produces.
The ends justify the means

“Utilitarianism”- theory that values whatever brings the greatest happiness to the greatest number

78
Q

four characteristics (values) all licensed professionals share (professional ethics)

A

i. technical knowledge
ii. collegial organizations
iii. ethical public value
iv. client service

79
Q

Two types of claims against architects

A

“negligence” and “breach of contract”

80
Q

Four components that must be proven in order to prevail when asserting negligence claim:

A
  • DUTY: architect must owe a legal duty to person making the claim
  • BREACH: architect fails to perform the duty or does something that should not have been done
  • CAUSE: the architects breach of duty is the proximate cause of harm to the person making the claim
  • DAMAGE: actual harm or damage must have resulted from breach
81
Q

Standard of Care definition

A

what a reasonably prudent architect would do in the same general locale, in same time frame, given same or similar facts and circumstances

82
Q

Breach of contract claims definition

A

allegation that a specific duty or duties pursuant to a contract between two parties and one of those parties either failed to perform duty or did not perform properly

83
Q

“ABSOLUTELY ESSENTIAL TERMS” in architectural contracts

A

written summary including:

  • project scope
  • project time frame
  • project fees
84
Q

What does a limitation of liability clause do?

A

Limits claims by owner against architect to a certain amount (set $$ amount or the balance of remaining insurance policy)

85
Q

What is a mutual waiver of consequential damages?

A

Consequential damages are those that are NOT direct damages, but only arise as a consequence of some act or omission

Example: architect fails to design stair to code. Stairs having to be replaced is a direct damage, but the delay in facility opening is a consequential damage.
If waiver is present in contract, then owner cannot collect damages from the delay of opening.

86
Q

What are indemnification provisions?

A

contractual requirements inserted by owners that cause the architect reimburse the owner for damages caused by the architects act and/or omissions - typically not insurable by professional malpractice insurance

87
Q

When are architects liable for consultants work?

A

When architects enters into a contract with owner for ALL design services of the project (architects hires consultant)
OR
when owner hires consultant but architects signs a Certificate for Payment or Certificate of Substantial Completion for consultant work

88
Q

describe this contractual relationship:

Alternative Project Relationship: Contractor-Led Design Build

A

owner contracts with one entity (the contractor) to provide all design and construction services for project. Architect typically subcontracts directly with contractor.

This agreement typically removes the layer of checks and balances the architects provides the owner in a conventional project arrangement.

89
Q

describe this contractual relationship:

Alternative Project Relationship: Joint Venture

A

parties in a joint venture are jointly and separately responsible for for actions of the joint venture.

Example: if an injury occurs because of negligence of either party in joint venture, then the joint venture can be sued collectively, or parties can be sued individually.

90
Q

What are third party actions?

A

In addition to obligations for damages to the party the architects contracts with, architects can also be held responsible for negligent acts, errors, or omissions that physically injure or damage third parties (i.e. construction workers, passersby, and occupants/users of project)

91
Q

What would constitute holding an architect to “heightened standard of care”

A

Problematic words included in the contract that define the architect’s enhanced performance level, including “best” “better” “high” and “higher”
These words should not only be avoided in contracts, but marketing materials and proposals as well

92
Q

Indemnities types that benefit the architect

A
  • client indemnity to the architect for claims arising from the presence of hazardous materials on site
  • client indemnity to the architect for claims from the client’s misuse of the drawings
  • mutual indemnities between architect and consultants, making each party legally responsible for their own actions and mistakes and NOT for the mistake of the other
93
Q

AIA Document B101TM-2007, section 8.4

A

Proposed indemnities. Read each carefully

94
Q

Limitation of Liability target

A

proceeds of available insurance - any LOL should apply to full sums of any and all claims on a project

95
Q

Customized agreement types for a firm to have on hand:

A
  • full services agreements of the project types most frequently used
  • small or limited scope agreement (feasibility studies, programming, planning services)
  • Notice to proceed (allows project to get going until final agreement is executed)
  • Consultant agreement
  • Common exhibits (rate schedules, reimbursable expenses, sample invoices, standard scope of services for each type of consultant hired, consultant standards)
96
Q

AIA Document C106-2007

A

Digital Data Licensing Agreement - set limitations for use of any transmitted electronic data
Signed by transmitting and receiving parties

97
Q

AIA Document E201-2007

A

Digital Data Protocol Exhibit - sets format requirements and permitted uses for all sorts of other electronic project data, ranging across each project phase
exhibit is attached to contract

98
Q

AIA Document A202-2008

A

Building Information Modeling Protocol Exhibit - ownership of BIM is defined, permits uses of the model at each level of design (LOD)
exhibit is attached to contract

99
Q

AIA Documents that cover BIM (and what they omit)

A

C106-2007
E201-2007
E202-2008
not stated but important to note: ONLY 2D copies that are generated from the BIM by the architect (PDF and paper form) constitute the legal construction documents

100
Q

Benefits of BIM

A

BIM and Standard of Care:
Analysis of model enables architects to identify and eliminate a number of coordination problems during the shop drawing process, before components are fabricated and installed, thereby substantially reducing construction change orders - saving both time and money

Firms not using or underutilizing BIM are in danger of falling below the standard of care

101
Q

Prerequisites for a legal contract

A
  • Mutual Agreement
  • Consideration
  • Capacity
  • Legal Purpose
  • Contractual intent
  • Necessity for writing
102
Q

Prerequisites for a legal contract: Mutual agreement

A

Until both parties have agreed upon identical terms, there is NO agreement.

103
Q

Prerequisites for a legal contract: Consideration

A

Each party must give something of legal value to the other

104
Q

Prerequisites for a legal contract: Capacity

A

the legal ability of the parties to enter into a contract

age, mental capabilty,etc.

105
Q

Prerequisites for a legal contract: Legal purpose

A

If the underlying purpose of the contract is illegal, or the contract requires the performance of an illegal act, the contract is void
(i.e. an architect agreeing to do work in a jurisdiction they are not licensed in)

106
Q

Prerequisites for a legal contract: Contractual intent

A

parties the a contract must have the mutual intent of entering into a binding legal agreement on the terms specified

107
Q

Prerequisites for a legal contract: Necessity for a writing

A

Only certain types of contracts are required to be in writing under what is called the Statute of Frauds

This applied to architects under the copyright laws (drawings)

108
Q

Essential Terms

A

Essential terms include subject matter of the contract such as
services to be performed
time for performance
price to be paid for services

109
Q

Absence of “essential terms” in a contract

A

results in “fail for indefiniteness” - limiting the remedies that an architect might have

110
Q

Expressed terms

A

expressed terms of a contract are those that have been specifically agreed upon, whether verbally or in writing

111
Q

Implied terms

A

Implied terms in a contract are not specifically mentioned and have to be inferred.
Ex: under professional standard of care, the architect has a duty to comply design to building code requirements

112
Q

Types of Agreements

A

Oral agreements
Letter agreements
Formal Written Contracts
Standard AIA Contracts

113
Q

“B-series” documents in AIA contracts

A

owner-architect agreements that share many of the same provisions, but each addresses a particular range of circumstances

114
Q

Special considerations for an agreement for architectural services

A

The type of client and project type will determine what document or agreement is appropriate.

115
Q

What agreement is appropriate for small residential projects or individual clients?

A

AIA Document B105-2007

116
Q

What agreement is appropriate for small to mid-size projects that are of limited scope and complexity?
Small businesses?

A

AIA Document B104-2007

117
Q

What agreement is appropriate for larger and more complex projects? Corporate clients?

A

AIA Document B101-2007

AIA Document B103-2007

118
Q

What agreement is appropriate for typical institutional buildings/clients?

A

AIA Document B101-2007

119
Q

What agreement is appropriate for performing projects on a pro-bono basis?

A

AIA Document B106-2010

120
Q

What agreement is appropriate for sustainable projects?

A

AIA Document B101-2007SP

121
Q

What agreement is appropriate for federally funded or federally insured building projects?

A

AIA Document B108-2010

122
Q

What agreement is appropriate for developers of single family residential projects?

A

AIA Document B107-2010

123
Q

What agreement is appropriate for developers of larger, mixed-use developments?

A

AIA Document B109-2010

For condos, B509-2010 provides supplementary conditions to B109

124
Q

What agreement is appropriate for design-build companies?

A

AIA Document B143-2004

125
Q

AIA Documents that provide “full” scope of services that includes the traditional “Basic Services” plus “Additional Services” terms

A

B101-2007
B103-2007
B109-2010

126
Q

AIA Documents for Feasibility and Design Study

A

terms and conditions of B102-2007 with scope of services under B203-2007

Design Build case: B142-2004

127
Q

What is vicarious liability

A

responsibility for other parties involved in project

  • architects for consultants
  • firm for employees
128
Q

Characteristics that identify a delivery method

A
  • Driving factor
  • Architects role
  • contractors role
    establishment of construction cost
  • number and type of design and construction contracts
129
Q

Design-Bid-Build

A
  • traditional approach to delivery method
  • linear design sequence that results in a set of construction contract documents against which contractors submit fixed price bids
130
Q

Cost plus fixed fee

A

a variation of design-bid-build method
-contractor is paid actual labor and material plus overhead for construction and coordination of trades on site, plus a fee that represents a fixed amount of profit that does NOT vary according to the total project cost.

131
Q

Construction Management

A 
CM Adviser - constructability and cost management consultant to the owner
CM Agent (CM-A) - Can act on behalf of the owner
CM-Contractor (CM-C) - Dual role as contractor and estimator
132
Q

GMP

A

“guaranteed maximum price”

a commitment by the CM-C to build a project for a specified price

133
Q

Design-Build

A

single-point responsibility for both design and construction - a single contract

134
Q

What are the three primary types of delivery methods

A

Design-bid-build
Construction Management
Design-build

135
Q

“bridged” design-build

A

two project teams - design architect and production architect

136
Q

Phase order of Design-bid-build (traditional)

A

PD > SD> DD > CD > (constructor contract) > BN > CA

137
Q

Phase order of design-bid-build (cost plus fixed fee)

A

PD > SD > (constructor contract) >DD > CD > CA

138
Q

Phase order of CM-adivser and CM-agent

A

(constructor contract) PD > SD > DD > CD > BN > CA

139
Q

Phase order of CM-C

A

(constructor contract) PD > SD > DD > (GMP) > CD-1/CA-1 > CD-2/CA-2 > CD-3/CA-3

140
Q

Phase order of design-build (standard)

A

(constructor contract) > BN > PD > SD > DD > CD > CA

141
Q

Phase order of design-build (bridging)

A

PD > SD > DD > BN > (constructor contract) > CD > CA

142
Q

Three factors to balance when considering delivery method

A

budget, schedule, quality

143
Q

Project Alliance Model

A

delivery model in which the entire project team - designers, contractors, and subcontractors - are bound together in a single contract that holds each jointly responsible for the project

144
Q

B101-2007 covers what project parameters?

A
  • client (owner)
  • designer (architect)
  • general description of project
  • size of project
  • anticipated construction cost
  • preliminary schedule
  • anticipated compensation

*B101-2007 assumes that as each phase is completed, both parties formally acknowledge the accomplishment before moving to next phase - also assumes a linear process.

145
Q

What factors have been determined by the end of schematic design?

A

size, scale, and general scope of project

146
Q

Types of additional services

A

programming, space planning, landscape design, furniture selection, etc.

147
Q

Types of changes

A

Owner scope changes
contractor substitution changes
contractor value analysis changes
changes cause by accepted nonconforming work

148
Q

Three factors that compensation is based on

A

Value, Effort, and Risk

149
Q

Types of project-specific risks

A

public approval process
specific site conditions
unknown underground conditions
limits of the site (Soil)

  • *SCHEDULE
  • *COST
150
Q

Two types of financial reports

A

Profit-Loss Statement

Balance Sheet

151
Q

What are two essential components of a financial management system

A

Annual Budget

Profit Plan

152
Q

Two types of accounting reports

A

Cash-basis

Accrual-basis

153
Q

Cash-basis P-L report

A

indicates only the income received and the amounts paid out in an accounting period
establishes a firm’s cash-flow management effectiveness and its tax liability

154
Q

Accrual-basis P-L statement

A

reflects the invoices sent to clients for monthly revenue earnings in an accounting period

155
Q

What is Mattox Format

A

a profit-loss statement that comprises four major components: revenue, direct labor, indirect expenses, and misc expenses

156
Q

What does “prospect” mean

A

better than 50% chance of being awarded a project

157
Q

What does “suspect” mean

A

Less than 50% chance of being awarded a project

158
Q

What is an overhead rate comprised of

A

indirect labor and general/administrative expenses

159
Q

What is the formula for a break-even rate

A

equal to the overhead rate plus an assigned unit cost of 1.0 for hourly salaries

for example, the overhead rate is 1.3
so the break-even rate for an employee would be
2.3 x hourly rate = break-even rate
2.3 x ($20) = $46 per hour

160
Q

Types of fees

A 
Stipulated lump sum
fixed fee
percentage of construction cost 
hourly not-to-exceed
hourly (open-ended)
fee per unit/sf
161
Q

Balance Sheet

A 
second type of financial report
contains:
-current assets
-current liabilities
-long-term liabilities 
-equity

“balance” means TOTAL LIABILITIES + TOTAL EQUITY = TOTAL ASSETS

162
Q

What does CGL mean

A

Commercial General Liability (insurance) - coverage for liability arising out of nonprofessional acts

163
Q

What is mediation

A

a process in which a neutral person or persons facilitate communication between the disputants to assist them in reaching a mutually acceptable agreement

164
Q

What is arbitration

A

a process whereby the parties voluntarily submit their disputes for resolution by one or more impartial third persons instead of by judicial court process

*preferred option by AIA and AGC

165
Q

What is litigation

A

the default resolution - the public court system

166
Q

Types of agreements

A
  • oral agreements
  • letter agreements
  • formal written contracts
  • standard AIA contracts
167
Q

Which AIA documents cover “Full Traditional Services”

A

B101-2007
B103-2007
B109-2010
covers Basic + Additional Services

168
Q

Which AIA document should be used for feasibility and design studies services

A

B102-2007

B203-2007

169
Q

What AIA document should be used for a construction contract

A

A201-2007

170
Q

Limitations of Liability

A

limits any claim against against the architect to an amount not to exceed the architects fee or some other sum, or the amount of available insurance coverage

171
Q

Consequential damages

A

indirect costs that result from a breach of contractual undertaking
ex: loss of income, productivity, rent, or profit resulting from construction defect

172
Q

Intellectual property

A

US Copyright laws state that documents prepared by the architect are the intellectual property of the architect

173
Q

Which AIA document should be used as a guide for modifying AIA forms

A

B503-2007

174
Q

Types and categories of services

A 
Pre-design services
Design-thorugh-construction phase services 
Post-construction services
Sustainable design services
BIM Development
175
Q

What AIA documents help define BIM services

A

E201 - Digital Data Protocol Exhibit

E202 - BIM Protocol Exhibit

176
Q

What do AIA document B200 series cover?

A

they define services offered

basic vs additional services

177
Q

Compensation is based on what three factors?

A

VALUE, EFFORT, and RISK

178
Q

What are project-specific risks?

A

Schedule and cost

179
Q

What are basic services described by AIA contract documents?

A 
schematic design
design development
construction documents
bidding and negotiation 
contract administration
180
Q

What are common methods of compensation? (5)

A 
stipulated sum (fixed fee)
percentage of construction cost 
hourly
hourly not-to-exceed
unit cost ($/sf)
181
Q

What are the 8 types of legal structures a firm can use?

A 
sole proprietorship
general partnership
Limited Liability Partnership (LLP)
Business Corporation
Publicly Traded
Closely Held
Professional Corporation
Limited Liability Company (LLC)
182
Q

What is evidence-based design

A

a design process that includes research as part of its methodology, with the critical application of knowledge gained through research in a specific design project

183
Q

What are the 7 key indicators of financial performance?

A 
utilization rate
overhead rate
break-even rate
net multiplier
profit-to-earnings ratio
net revenue per employee
aged accounts receivable
184
Q

What is a utilization rate? What is a good one?

A

ratio of billable hours worked vs total hours worked

60-65%

185
Q

What types of insurance are required by AIA B101-2017?

A 
Automobile 
Employer Liability 
General Commercial Liability
Professional Liability 
Workers Comp
186
Q

What is the title of AIA 201-2017

A

General Conditions of the Contract for Construction

187
Q

What are the five Model Rules of Conduct

A 
competence 
conflict of interest 
full disclosure
compliance with the laws
signing and sealing documents
188
Q

What contract and article defines the ownership of the Instruments of Service?

A

AIA B101-2017 Article 7

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