Client Care - Sustainability Flashcards
(27 cards)
What are the MEES key dates
April 2023 (all properties need EPC E), April 2025 (Commercial properties must have up to date EPC), April 2027 (Commercial properties must have EPC rating C), April 2030 (Commerical properties must have EPC rating B)
What are the 8 individual rights under UK GDPR?
- Right to be informed
- Right of access
- Right to rectification
- Right to erasure
- Right to restrict processing
- Right to data portability (use for thier own purposes)
- Right to object
- Rights to automated decision making and profiling (as undertaken by insurers)
What are the principles of the UK GDPR
Principles relating to the storage of personal data states that data must be:
- Collected lawfully, in a transparent manner
- Collected for specified purposes
- limited to what is necessary
- Ensure all data stored is accurate
- Processed in a manner that ensures appropriate security of personal data, including protection against unauthorized or unlawful processing and against accidental loss.
What are the key points of UK GAAP?
Properly recognise Assets, Liabilities, Income, and expenses, while improving transparency and comparability of financial statements.
What is another accounting standard commonly used in surveying and what are the key points?
International Financial Reporting Standards (IFRS) 16: lease accounting standards, full cost of lease noted, not just the headline figures.
What are some things you can do the improve your business planning?
SWOT analysis, KPI meetings
What can you do to avoid conflict?
Be clear, concise, careful lease/contract drafting; managing expectations; communication.
What are some dispute resolution procedures?
- Negotiation: between parties
- Mediation/conciliation: 3rd party non-binding decision, assists with decision process (ADR services, independent expert determination)
- Adjudication: 3rd party binding determination (arbitration, court judgement, PACT)
What is the difference between and Arbitrator and an Independent Expert?
An arbitrator is a neutral third party who makes decisions on a dispute, while an independent expert provides expert testimony and analysis. The authority for both is as follows Arbitrator: Authority comes from the Arbitration Act 1996. (legally binding decision)
Independent expert: Authority comes from the lease or other contractual agreement. (less formal and used when parties want an expert opinion)
what are some of the key points of the Equality Act 2010?
- Protected characteristics: gender. Sex, orientation, age, disability, race, religion, marriage, pregnancy.
- Unconscious bias – key concept
- Protects against: direct & indirect discrimination, harassment, victimization
What is an inclusive environment?
Is one which is designed and managed to allow people with a diverse range of needs and abilities to access and use it.
What are some situations where a property might be exempt from MEES?
places of worship, temporary buildings (<2 years), industrial sites/workshops/agricultural which do not use a lot of energy, due for demolition, listed buildings, residential buildings used for <4 months per year (Hotel accommodation)
How are buildings measured on their sustainability?
Building Research Establishment Environmental Assessment Method (BREEAM) ratings:
Determination of building sustainability (Similar to green-star rating)
- Ratings: Acceptable (In-Use scheme only) to Pass, Good, Very Good, Excellent to Outstanding
Who appoints a mediator?
The appointment of a mediator typically occurs from the following:
1. Contractual or legal requirement - Some contracts specify that in the event of a dispute, a mediator must be appointed through RICS or another specified body.
2. Mutual Agreement by the Parties - The disputing parties can agree to appoint a mediator of their choice. This is often done by selecting a panel from an RICS-approved panel.
3. RICS Dispute Resolution Service (DRS) Appointment - if the parties cannot agree on a mediator, they can apply to RICS for the appointment. The RICS DRS with then nominate a qualified mediator from their panel.
What is meant by the term Global Carbon Market?
This refers to an international system that allows the buying and selling of carbon emissions, allowances or credits.
Please provide a high-level overview of the RICS Sustainability Report?
The report provided a detailed analysis of the current state of sustainability within the built environment sector.
The key findings were:
- Increased market demand for green buildings, but adoption of sustainable practices is still low
- High upfront costs and significant barriers are still preventing implementation of greener building methods.
What is an EWS1?
It is an External Wall System Fire Review Certificate. They are applicable when a multi-storey residential property of 18m or higher is either being bought, sold or remortgaged.
What is the new Fire Safety Act 2021?
The main focus of the act is the amendment of the Fire Safety Order to clarify that is will apply to the structure and external walls as well as anything attached to the external walls such as doors, windows and cladding. It also defines who the responsible persons are.
What is meant by the term Duty of Care?
A duty of care is to ensure that another party does not suffer harm or loss that can arise as a result of a breach of contractual obligations or Tort of Negligence. It includes contractual duties to perform services with reasonable skill and care that is to a standard expected of a reasonably competent professional.
What are the International Finance Reporting Standards? (IFRS)
The International Finance Reporting Standards were created to bring consistency, integrity and transparency to accounting standards and practices regardless of the company or country.
In which situations would an EWS1 Form be required?
- Buildings higher than 18m
- Buildings with specific cladding, even if under 18m (Such as Aluminum Composite Material (ACM))
- Significant cladding (Buildings of 5 or 6 stories with 25% or more of the wall surface being cladded may also need an EWS1)
- Stacked balconies (particularly those with combustible materials
Why was the EWS1 initiated?
- Grenfell Response: EWS1 forms were a direct result of the Grenfell Tower fire, addressing concerns about cladding fire safety.
- Risk Identification: They identify and assess fire risks in external wall systems, particularly cladding, determining combustibility.
- Market Confidence: Provide assurance to lenders and buyers, facilitating mortgages and property transactions.
- Standardization: Offer a standardized assessment and reporting format for external wall fire safety.
- Safety Improvement: Aim to improve overall building fire safety by highlighting and prompting remediation of risky cladding.
Who is the governing body of UK GAAP?
Financial Reporting Council (FRC)
Who is the governing body for UK GDPR?
Information Commissioner’s Office (ICO)
