Weak Points Flashcards

1
Q

You mentioned the RICS walkthrough, could you tell me what this is?

A
  • it’s a walkthrough of who the RICS are, what they stand for and who they benefit
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2
Q

What does the RICS Governing council do?

A
  • They ensure the RICS fulfils its Royal Charter obligations
  • They are the enforcement of professional standards
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3
Q

What are the client duties under the CDM regs?

A
  • Ensuring the appropriate appointments are in place (PD, designers, consultants, contractor)
  • Preparation of the PCI
  • Ensure all parties carry out their duties
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4
Q

What factors are you aware or that influence client goals ?

A
  • Current market conditions
  • material costs (fluctuating)
  • material lead in times
  • potential supplier issues

Ukraine war & back lash of covid/ inflation causing uncertainty

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5
Q

What do you know about the Clients Complaints Handling Procedure ?

A
  • So I would follow my organisations complaints handling procedure

Which is:
- notify partner in charge
- partner to notify OMP
- OMP to decide whether our PII needs notifying
- OMP to nominate individual to respond to client & resolve complaint through negotiation
- if doesn’t work, client may use mitigation

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6
Q

What do you include within your fee submissions?

A
  • Scope of services
  • fee breakdown
  • relevant staff CVS
  • terms and conditions
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7
Q

What do you know about the ‘Surveying Safely”?

A
  • Sets out H&S guidance at a corporate & individual level
  • examples - loan working, evaluation risks, hazards substances
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8
Q

What is the H&S at Work Act?

A
  • It’s to safeguard the H&S of Employees & the public from construction work being carried out.
  • sets out general duties for employers, employees & self employed
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9
Q

What regulations are you aware of that are covered under the CDM regs ?

A

The H&S at work act

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10
Q

How do cash flow forecasts manage financial performance ?

A
  • They allow you to identify whether a contractor maybe suffering financially, their valuations maybe a lot higher than what you see on site.
  • They also allow you to identify whether a contractor is behind or ahead of programme.
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11
Q

Accounting:

What is your understanding of the Construction Act 2009?

A
  • Ensures regular payments are in place and agreed between the supply chain.
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12
Q

Business Planning:

What organisational Management principles are you aware of?

A
  • Planning
  • Structure
  • leadership
  • organisation
  • control
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13
Q

Business Planning:

What legislations are you aware of within a business?

A
  • Health & Safety at Work Act.
  • GDPR regulations
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14
Q

Business Planning:

What is your organisation’s marketing strategy?

A
  • We use social media
  • we also use public relations tactic, such as graduate events, award ceremonies, charity days
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15
Q

Business Planning:

What financial ratios are you aware of?

A
  • Liquidity ratios - measures money available to cover short - term debt
  • Leverage ratio - measures how much debt a company has
  • Profitability ratio - measures how a company generates profit
  • Market value - value per share
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16
Q

Business Planning:

What is Ridges Business plan?

A
  • Strategic planning
  • To continue to grow through requiring acquisitions.
  • Continue to recruit competent staff to enter new market sectors

Other business plans:
- Operational
- Tactical - short term goals, to reach long term goals

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17
Q

Dispute resolution:

Can you name some alternative dispute resolutions ?

A
  • Adjudication - named in the JCT
  • Arbitration
  • Mitigation
  • litigation
  • negotiation
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18
Q

Data Management:

What are the general requirements / principles of the GDPR?

A
  • Lawfulness, fairness & transparency
  • Accuracy of data
  • Confidentiality
  • Accountability
  • Data minimisation
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19
Q

Data Management:

What is the ISO9001 & who benefits from it ?

A
  • International Standards than govern requirements for a Quality Management system
  • Demonstrates the company provides services to a regulatory standard

Examples: Internal audits, external audits, comp checking

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20
Q

Sustainability:

What is your understanding of BREEAM?

A

It’s an organisation that helps measure the sustainability of a construction project

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21
Q

Cost Planning:

Are you aware of the RIBA stages, what are they?

A
  • Stage 0 - Strategic definition
  • Stage 1 - preparation & brief
  • Stage 2 - concept design
  • stage 3 - spatial awareness
  • stage 4 - technical design
  • stage 5 - construction
  • stage 6 - handover
  • stage 7 - use
22
Q

Cost planning:

What are the NRM and what do they do?

A

Provides a standard Set of measurement rules to ensure consistency across the industry.

NRM1 - Cost estimation & planning (RIBA stages 0-2)
NRM2 - detailed measure (RIBA 2-4)
NRM3 - maintenance works

23
Q

Cost Planning:

What exclusions would you make within a Cost Estimate ?

A
  • VAT - clients have different levels
  • Professional fees
  • clients contingency

Not necessarily known at the time of the estimate

24
Q

Cost Estimate:

What Value Engineering changes did you consider within your MBDA estimate?

A
  • The FF&E package was over my clients budget so this was reduced to fit their requirements
  • Also reduced the curtain wall system from full height to half height on the building
25
Q

Cost Estimate:

What risk commentary did you provide to your client on the Tanglewood estimate?

A
  • At the time of the estimate we were in the mists of covid, so I advised my client on the uncertainty of material costs & lead times and the possibility of inflation etc.
26
Q

Cost Estimate:

Why did you base your estimate for Tanglewood on current day costs?

A
  • My client wanted a quick turnaround on build and selling the property
27
Q

Contract Practice:

What is the process when PC is awarded?

A
  • Building control certificate
  • insurances transfer from contractor to client
  • O&M manuals
  • H&S files
28
Q

Contract Practice:

Can you tell me what you learned from the JCT Practice Notes?

A
  • Understanding payment dates
  • Contract particulars
  • LADs
  • Appropriate insurance & levels
29
Q

Contract Practice:

What is your understanding of a Collateral Warranty ?

A
  • Provides a contractual link between a third party who may not have been privy to the original contract, but has a vested interest in the works.

Example: a funder

30
Q

Contract Practice:

How did you value the variations ?

A
  • If possible by using Contract rates
  • or by benchmarking against in-house cost data, Spons or BCIS
  • or by referring back to the contract day work dates
31
Q

Contract Practice:

What did you include with your D&B Contract?

A
  • ERs
  • Prelims
  • Contractor Proposals
  • Form of Contract
  • JCT Contract
  • Design information
  • Warranties/ insurances
  • Document register
32
Q

Contract Practice:

You mentioned including some amendments, what were these amendments ?

A
  • These were around third party agreements, the solicitor wanted the contractor to take ownership of existing works, when they hadn’t actually seen any surveys etc,
  • liability caps - solicitor wanted contractors cap to as per PI insurance, contractor offered 1.5 x contract sum
33
Q

Contract Practice:

What did you advise your client when the EOT was awarded?

A
  • issuing of a non- completion cert
  • issuing of a Payless notice
  • My client could claim for weekly damage amount stated in the contract
    there would be additional weekly prelim costs
  • ## there would be a new completion date to avoid time at large
34
Q

Construction Tech:

What is the build up of the cladding system?

A
  • Sheathing board fixed to steel structure
  • timber batterns
  • insulation boards
  • polymesh receiver
  • dash finish like for like
35
Q

Construction Tech:

What is your understanding of the Party Wall Act?

A
  • Provides a framework for agreeing disputes between party walls & boundary’s
36
Q

Construction Tech:

What assumptions did you make within your Tanglewood Estimate?

A
  • I assumed the foundations to be stripped
  • I assumed a timber pitched roof
  • I assumed beam & block flooring
37
Q

Procurement & Tendering:

Can you name any procurement methods?

A
  • D&B
  • Traditional
  • Measured Term
  • Construction Management
  • Contract management
  • Bespoke
38
Q

Procurement & Tendering:

Can you walk me through the Tender Analysis process ?

A
  • Had a witness when opening the Tenders
  • Checked tenders for any errors etc.
  • inputted tender returns into a comparison spreadsheet side by side to highlight any anomalies
  • reviewed any exclusions
  • issued tender queries to contractors
  • recorded my findings into a Tender Report
39
Q

Financial control & reporting:

Can you name any change control procedures?

A
  • Client instructing a consultant
  • consultant instructing a contractor on change
  • client changing design
40
Q

Financial control & reporting:

How did you value the landscaping variation on the Brook project?

A
  • I first checked to see if there were any contract rates I could use
  • but I had to use in- house cost data & Spons
  • I did a take off from the drawings available and priced the works accordingly
41
Q

Costing of Construction Works:

What is the Code of Measuring Practice?

A
  • To provide an accurate measurement of buildings and land within the UK
42
Q

Costing of Construction Works:

What is the International Property Measurement Standards ?

A
  • An organisation trying to standardise a set of measurement rules internationally
43
Q

Costing of Construction Works:

Can you name any principles of Construction Works?

A
  • Pricing documents
  • Cost Estimates / Plans
  • Valuing variations
  • Loss & Expense claims
  • analysis tender returns
  • interim valuations
  • valuing claims
44
Q

What was included with your Cost Estimate on the THFC Project?

A
  • Executive summary
  • Area Schedule
  • cost breakdown
  • drawing list
  • any exclusions
  • any assumptions
45
Q

Costing of Construction Works:

What is a prime cost ?

A

A cost unknown when entering a contract for works being carried out by a clients supplier.

Contractor can only apply oh&p

46
Q

Contract Administration:

What did you takeaway from the Construction Law module you mention within your submission?

A
  • Negotiations of contracts
  • dispute resolution methods
47
Q

Contract Administration:

Talk me through the process of issuing an instruction on the Brook project?

A
  • reviewed the change with the client
  • reviewed the costs & programme implications of the change and advised my client
  • issued the instruction to the contractor in a timely manner to prevent delay
48
Q

Contract Administration:

What we’re the effects of issuing a non- completion certificate?

A
  • The contractor submitted an EOT claim
  • a revised programme date
  • additional weekly premium costs
  • client may claim weekly damage amount
49
Q

Insurances:

What insurances should a contractor hold?

A
  • Public liability
  • Employer liability
  • PI Insurance
  • All Risk Insurance
50
Q

Construction Tech:

What is temporary shoring ?

A
  • A form of propping, usually found within foundations to support the walls while pouring of fixing foundations
51
Q

Insurance:

What is a retention bond? Who benefits from them?

A
  • A lump sum help back by the client, rather than deducting a monthly percentage

Adv: Helps contractor with cash flow

Dis: Client pays for the premium of the bond

52
Q

Insurance:

What is a advance payment bond? Who benefits from them?

A
  • A bond to protect the client of the contractor was to order materials with the advance payment and then go bust