Conflict Avoidance, Management & Dispute Resolution Procedures (1)

Question 1

What is the RICS Global Professional Statement on Conflicts of Interest?

Answer 1

It provides guidance on managing conflicts of interest in the professional practice of RICS members.

Question 2

Why is it important to write down agreements?

Answer 2

Writing down agreements helps to clarify terms and provides a record for reference.

Question 3

What do you understand about verbal contracts?

Answer 3

Verbal contracts are agreements made through spoken communication, which can be difficult to enforce.

Question 4

What contracts do you deal with on a day-to-day basis?

Answer 4

Common contracts include service agreements, lease agreements, and purchase contracts.

Question 5

What is an early warning?

Answer 5

An early warning is a notification about potential issues that could affect project outcomes.

Question 6

Why is risk management important to conflict avoidance?

Answer 6

Risk management identifies and mitigates potential conflicts before they escalate.

Question 7

What are partnering techniques?

Answer 7

Partnering techniques are collaborative approaches used to improve relationships and project outcomes.