Weak Points Flashcards
You mentioned the RICS walkthrough, could you tell me what this is?
- it’s a walkthrough of who the RICS are, what they stand for and who they benefit
What does the RICS Governing council do?
- They ensure the RICS fulfils its Royal Charter obligations
- They are the enforcement of professional standards
What are the client duties under the CDM regs?
- Ensuring the appropriate appointments are in place (PD, designers, consultants, contractor)
- Preparation of the PCI
- Ensure all parties carry out their duties
What factors are you aware or that influence client goals ?
- Current market conditions
- material costs (fluctuating)
- material lead in times
- potential supplier issues
Ukraine war & back lash of covid/ inflation causing uncertainty
What do you know about the Clients Complaints Handling Procedure ?
- 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
What do you include within your fee submissions?
- Scope of services
- fee breakdown
- relevant staff CVS
- terms and conditions
What do you know about the ‘Surveying Safely”?
- Sets out H&S guidance at a corporate & individual level
- examples - loan working, evaluation risks, hazards substances
What is the H&S at Work Act?
- 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
What regulations are you aware of that are covered under the CDM regs ?
The H&S at work act
How do cash flow forecasts manage financial performance ?
- 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.
Accounting:
What is your understanding of the Construction Act 2009?
- Ensures regular payments are in place and agreed between the supply chain.
Business Planning:
What organisational Management principles are you aware of?
- Planning
- Structure
- leadership
- organisation
- control
Business Planning:
What legislations are you aware of within a business?
- Health & Safety at Work Act.
- GDPR regulations
Business Planning:
What is your organisation’s marketing strategy?
- We use social media
- we also use public relations tactic, such as graduate events, award ceremonies, charity days
Business Planning:
What financial ratios are you aware of?
- 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
Business Planning:
What is Ridges Business plan?
- 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
Dispute resolution:
Can you name some alternative dispute resolutions ?
- Adjudication - named in the JCT
- Arbitration
- Mitigation
- litigation
- negotiation
Data Management:
What are the general requirements / principles of the GDPR?
- Lawfulness, fairness & transparency
- Accuracy of data
- Confidentiality
- Accountability
- Data minimisation
Data Management:
What is the ISO9001 & who benefits from it ?
- 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
Sustainability:
What is your understanding of BREEAM?
It’s an organisation that helps measure the sustainability of a construction project