Professional Standard/ Statement Flashcards
What are the various standards and what is their status
Professional Statements
These contained ‘musts’ - mandatory requirements, along with details of regulatory interventions if these requirements are not met eg Conflicts of Interest
Guidance notes
These contain ‘ shoulds’ - non mandatory requirements, but recommendations of best practice on undertaking given tasks
Assessment of Professional Competence
These are the requirements and guidelines relating to entry into the profession
Data standards
These ensure software programmes and technology can adopt RICS standards into their offering
International Standard – e.g. International Property Measurement Standards (IPMS)
Are you aware of any regulation in association with the use of the RICS logo by regulated firms and chartered professionals
Rules for the use of RICS logo and designation by firms
Guidelines for the personal use of the RICS logo and designations by RICS professionals
What mandatory professional statements are you aware of
· Rules of Conduct
· Conflicts of interest Conflicts of interest
· Bribery, corruption, money laundering, and terrorist financing
· Client money handling
· Risk, liability, and insurance
· Client relationships and handling data
· Cost Prediction
. SURVEYING SAFELY Surveying safely
. COMPLAINTS HANDLING Complaints handling
Why did document names change
Following Bichard review, the RICS have introduced two new definitions for Professional guidance
Professional standards
Practice information
These superseder the former professional statements, guidance notes etc
What is Professional Standards
Set out requirements with a focus on baseline expectations
Mandatory requirements using words Must and Should
Focus on good practice
Must - mandatory requirements
Should - best practice
What is Practice Information
Supporting guidance
Includes definitions, processes
Not mandatory
List of available blackbooks
Acceleration
Appropriate contract selection
Change control and management
Conflict avoidance and dispute resolution in construction
Construction security and performance documents
Cost reporting
Defining completion on construction works
Employers Agent D&B
Final Account Procedures
Fluctuation
Interim Valuations and Payment
Life Cycle costing
Management of Risk
Retention
Tendering Strategies
Termination of Contract, Corporate Recovery and Insolvency
Value management and Value engineering
Valuing change
List of professional standards
Whole life carbon assessment
International Cost Management Standards
Cost Prediction
Rules of Conduct
Conflict of Interest
Bribery, Corruption, Money Laundering and Terrorist Financing
Surveying safely
