T E S T 1 Flashcards
Self regulating
Province/territory has passed an Act to form an Association of professional engineers which in turn regulates the profession
Government delegates responsibilities to the members of the profession: admission, standard of care, discipline
Two elements of self regulating
Right to title - can regulate the exclusive right for its member she use a title
Scope of practice – right to regulate the exclusive rights of its members to practice in an area or field
Three elements of voiding a contract
It must be mutual, it must be significant, and it must have existed at the time of contract formation
Basic principle of intellectual property
To encourage creativity by protecting the rights of creative people and to provide an orderly way to exchange creative ideas
Mill’s utilitarianism
An action is ethically correct if it produces the greatest benefit for the greatest number of people
Locke’s right ethics
All individuals are free and equal and each has rights
Kant’s formalism
Each person has a duty to act in accordance with universal principles for everyone to follow
Aristotle’s virtue ethics
Happiness is achieved by developing virtues, or qualities of characters, through reduction and reason
Conflicts of interest
A situation in which the professional has conflicting obligations to the public, the client, the employer, the profession, or themselves
Construction lien
Ensures that the work gets done and workers get paid. Anyone who makes improvements to the property can file a construction lien.
Force majeure
Common contract clause in the civil code that frees both parties from liability in the instance of an extraordinary event beyond the control of the parties
Limited partnership
partnership in which one general partnership runs the business and has unlimited liability and the limited partners only provide financial contribution to the business
Two methods to combat Internet threats
Firewall an antivirus software
Indemnity
In agreement by a partner to bear the financial loss of another partner for a specified event
Enforcement
Enforcement refers to prosecuting unlicensed individuals who are practising without a license
CCDC
Canadian construction document committee
Common form of standard contract for this type is fixed price contract, lump sum contract or stipulated price contract
Fix priced or stipulated price contracts or lump sum contracts
Goods and services are provided for a lump sum including overhead and profit
Owner has no right to direct the contractor on means and methods of construction and no right to inquire about the actual cost of the work. Contractor is entitled to keep any additional profit earned.
Cost plus contract
Contractor is paid the actual cost of the goods provided and services performed plus a fee for overhead and profit that may be fixed or varied
Pro and con of cost plus contracts
May provide the contractor and opportunity to use transfer pricing as a way to increase profits by transferring cost to the owner (I.e. Contractor buys a trailer, contractor rents it to the project as part of the agreement, the owner pays for most of the trailer but the contractor is it)
contractor does not have an incentive to save money
Owner and contractor save money if it falls below the target
Unit price contracts
Requires the owner to pay a stipulated amount for each unit or quantity of work, doesn’t guarantee the final
Construction management contracts
Owner generate contracts directly with both the trades and construction manager
process and project delivery meth threats through which an owner contracts directly with the trades rather than of hiring a general contractor
Design build contract
owner contracts out the design, construction and inspection to a single party
Expert witness
person with skill, expertise, training and experience who is higher to provide an opinion to the court or to an arbitration tribunal.Professionals should restrict testimony to areas of expertise.
Reporting on another professional
A practice sure shall maintained the honour and integrity of the practitioners profession and without fear or favour expose before the proper tribunals unprofessional, dishonest or unethical conduct by any other practitioner.
Common law
Court decisions establishing legal principles