PROJECT MANAGEMENT

Question 1

‘Net Service Revenue’ AND ‘Net Operating Revenue’

Answer 1

‘Net Service Revenue’ is the ‘net fee’ determined by subtracting the consultant fees from the gross fee of the project. It is the amount of money your firm is making on a project. You might use this value when looking at and evaluating the project budget. If you subtract the direct expenses and any contingencies from the ‘Net Service Revenue’ the resulting value is the project labor budget, or the amount of the fee which you can spend on direct project labor.

‘Net Operating Revenue’ sounds very similar at first. It is the net dollars the firm retains after deducting all consultant fees and expenses and all reimbursable project related expenses. So while
The main difference here is that ‘Net Service Revenue’ is the project fee less consultant fee and expenses per a single project.
The ‘Net Operating Revenue’ is all projects’ fees less all consultant fees and expenses across the entire firm.

look at the ‘Net Service Revenue’ if you are evaluating the financial success of a project.
look at the ‘Net Operating Revenue’ if you are evaluating the financial success of a firm.

*Fun fact: while the reimbursable are not included in the Net Operating Revenue, any markups on the reimbursable are included as these dollars are revenue for the firm.

Question 2

A SERIES

Answer 2

OWNER / CONTRACTOR

A101–2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is a Stipulated Sum

A102–2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price

A141–2014, Standard Form of Agreement Between Owner and Design-Builder

A152-2019, Purchase Order

Question 3

B Series

Answer 3

OWNDER / ARCHITECT

B101–2017, Standard Form of Agreement Between Owner and Architect

B103-2017, Standard Form of Agreement Between Owner and Architect for a Complex Project

B109–2020, Standard Form of Agreement Between Owner and Architect for a Multi-Family Residential or Mixed Use Residential Project

B111-2022, Standard Form of Agreement Between Owner and Design Architect

B112-2022, Standard Form of Agreement Between Owner and Architect of Record

Question 4

C Series

Answer 4

OTHER AGREEMENTS

C101–2018, Joint Venture Agreement for Professional Services

C202–2015 (formerly G602-1993), Standard Form of Consultant’s Services: Geotechnical Engineering

C203-2017 (formerly B211-2007), Standard Form of Consultant’s Service: Commissioning

C401-2017, Standard Form of Agreement Between Architect and Consultant

Question 5

D Series

Answer 5

MISCELLANOUS DOCUMENTS

D101–1995, Methods of Calculating Areas and Volumes of Buildings

D200–1995, Project Checklist

D503–2020, Guide for Sustainable Projects

Question 6

E Series

Answer 6

EXHIBITS

E203–2013, Building Information Modeling and Digital Data Exhibit

E204–2017, Sustainable Projects Exhibit

E205-2022, Architects’ Scope and Responsibility Matrix

Question 7

G Series

Answer 7

Contract Administration and Project Management Forms

Question 8

Contract time usually ends when

Answer 8

unless otherwise provided, contract time is period time, including authorized adjustments, allotted in the documents for substantial completion