SOE MANDATORY Flashcards
What is cpd and why is it important
Continued professional development is a obligation by RICS members to continually to update their skills and remain competent
Types of cpd
Formal CPD - structured learning with clear objectives and outcomes
Informal CPD - Self managed learning relevant to your professional role
What document explains rics rule of conduct
Rules of conduct - Global 2021
What are the rules of conduct
1 Members and firms must be honest, act with integrity and comply with their
professional obligations, including obligations to RICS.
2 Members and firms must maintain their professional competence and ensure
that services are provided by competent individuals who have the necessary expertise.
3 Members and firms must provide good-quality and diligent service.
4 Members and firms must treat others with respect and encourage diversity and
inclusion
5 Members and firms must act in the public interest, take responsibility for their
actions and act to prevent harm and maintain public confidence in the profession.
What is our gift policy
We follow the RICS professional statement - Countering bribery and corruption, money laundering and terrorist financing - 1st edition, February 2019
Only accept gifts that are customary reasonable and proportionate
RICS client account
Handle money in accordance with professional standard client money handling 2019
data sharing code of practice
We follow the information commissioners code of data sharing practice and the data protection act 2018
How does someone make it on the approved contractors list
Compliance with legislation, proof of insuarance and qualifications and competence
What legislation covers health and saftey in the work place
HASWA 1974
It sets out the general duties which:
employers have towards employees and members of the public
employees have to themselves and to each other
certain self-employed have towards themselves and others
Profit and loss
A statement shows the company’s revenues and expenses during a particular period.
Balance sheet
A financial statement that reports a company’s assets, liabilities, and shareholder equity at a specific point in time.
Cash flow
measurement of the amount of cash that comes into and out of your business in a particular period of time.
What did quarterly reports financial reports include
A quarterly financial report is a summary of a company’s financial performance over a three-month period.
Including a summary or a collection of a company’s financial statements, such as balance sheets and income statements,
Business structures
Sole Trader
Partnership
Limited Liability Partnership
Private Limited company - D and R
Public Limited company
ADR
Alternative Dispute Resolution (ADR) Regulations 2015
ADR is resolving a dispute without going to court.
adjudication
mediation
arbitration and
expert determination.
ADR offers an opportunity for parties to avoid going to court. Court proceedings are lengthy, costly and can cause significant bad feeling between parties. The process can also be stressful, and the level of formality can be intimidating. ADR, on the other hand, can be a much quicker process – for example, adjudication can be completed within 28 days and mediation can even help find a resolution in one day.
