The Construction Industry Flashcards
Types of business
- Sole trader
- Partnerships
- Limited Companies
- Non profit organisation
What is a sole trader ?
A sole trader keeps all of the company’s profits after tax has been paid on them, rather than having to share profits with a partner or shareholders.
What is a partnership ?
consists of two or more people who combine their resources to form a business and agree to share risks, profits and losses
What is a limited company ?
a type of business organization where the owners’ assets and income are separate and distinct from the company’s assets and income
Benefits of using JCT design and build co tracts (Joint Contracts Tribunal)
- Fixed-price
- Recognisable allocation of risk
- Dispute resolution
Factors that influence the approval of planning permission
- Local planning policies
- Nature, wildlife and biodiversity
- Building regulations
- Design
- Access
- Sustainability
What activities carried out during the site preperation process ?
- Site surveying
- Site investigation
- Site plan design
- Site clearing
- Site security
- Establishing boundaries
What are effective communication methods for sharing project information ?
- Frequent meetings
- Emails
- Surveys
- Conference calls
- Visible plans
The reasons a building must comply with building regulations ?
To ensure the minimum standard of health and safety of people using the building.
To also ensure sustainability and energy conservation.
To be legally allowed to construct the building
What are different approaches to fulfilling corporate social responsibility ?
- Obstructive
- Defensive
- Accommodating
- Proactive
How can the local community benefit from a new college construction project ?
- Improves wellbeing of the local community
- Helps the local economy
- Supplies jobs
- Helps train the future
