Ethics - HARD Flashcards
(22 cards)
What are 3 examples of Rule 1?
- Do not take unfair advantage of others
- Open and transparent with clients about their fees and services
- Identify conflicts of interest throughout a professional assignment and do not provide advice or services where a conflict of interest or a significant risk of one arises
What are 3 examples of Rule 2?
- Only undertake work that they have the knowledge, skills and resources to carry out competently
- Reflect on the work they have undertaken and its impacts, and consider how they might apply what they have learned to their future work
- Stay up to date and comply with relevant legislation, codes of practice and other professional and relevant technical standards.
What are 3 examples of Rule 3?
- Undertake their work in a timely manner; with due care, skill and diligence, and in accordance with RICS technical standards
- Communicate with clients and others clearly and in a way they can understand
- Have effective quality assurance processes for their work.
What are 3 examples of Rule 4?
- Work cooperatively with others
- Respect the rights of others and treat others with courtesy
- Develop an inclusive culture in their workplaces, support equal access and opportunity for all, and identify and address unconscious bias
What are 3 examples of Rule 5?
- Respond to complaints made against them promptly, openly and professionally
- Cooperate with investigations into complaints or concerns, and provide information where it is reasonably requested
- Support directors, partners, employees, colleagues or clients who have acted in good faith to report concerns
What would you do if a subordinate in your team came to you and said their valuation was incorrect after it was submitted?
Depends on when the mistake was made.
If this was before the CA certificate, I would discuss with the Contractor and rectify the mistake.
If this was after the CA certificate, I would advise the Client that there was a mistake and to issue a Pay Less Notice
If you were on your way to site to negotiate final account and ran into the Contractor on the journey and he offered to buy you a cup of tea while getting his coffee, what would you do?
I would accept the tea as it is of low value and a normal offering to have a hot drink prior to a meeting.
However if it was a particualrly difficult negotiation I would say decline due to the perception taking the offer may have
What are the offences of the Bribery Act?
- Receiving or Requesting a Bribe
- Offering or Giving a Bribe
- Bribing a foreign national official
- Failure to prevent a bribery as part of a commercial organisation
- Offences by senior officers
How does your company ensure compliance with - Failure for a company to prevent bribery
There is a bribery policy in place and employees undetake training regularly.
Also adhere by 6 principles under bribery act: proportionality, top level committment, risk assessment, due diligence, communication, monitor and review
What are the fines for breaching the Data Protection Act?
Highest Penalty: £17.5 million or 4% of total annual worldwide turnover
Standard Penalty: £8.7 million or 2% of total annual worldwide turnover
What is G&T’s gift giving/receiving policy
Receive and give up to £100
Must be logged on the companys’s gift register
To be aware of the timing and proportionality of the gift
If a Client offered a large lump sum payment for your works at the start of the project, how would you react?
I would be cautious of the origin of the money if the sum is large. I would use KYC (Know Your Client) to check against money laundering
I would advise the Client the money will need to be held in a bank account held in their’s and the project name
In line with client money handling procedures I would ensure they review and agree terms and conditions of the bank account, have availability to withdraw monies when required, have monthly statements and a payment drawdown schedule
What do you do if a Client notes they have a Contractor friend they want to tender their project?
As per the other Contractors I would request they go through the PQQ process.
If the Client is keen to have them on the project, I would advise the Client that whilst this is fine I would still act impartially and fair as a professional
When was the modern slavery act set? What are some types of modern slavery?
2015
Sex trafficking, child labour, forced marriages, slavery
Who is your company’s independent provider for complaint’s handling procedure?
CEDR
Centre for Effective Dispute Resolution
What tool can be used to check against money laundering?
KYC - Know Your Client
What makes a project notifiable?
Exceeds 500 working man days
Exceeds 30 consistent working days with 20 men on site
What is the difference between appointing a building control officer and principal designer?
Building control officer can’t influence the design. They just check if it is compliant or not
Are you aware of any RICS document to do with bribery?
Countering Bribery and Corruption, Money Laundering and Terrorist Financing
Professional Standard, 2019
What is the purpose of RICS Professional Standard - Countering Bribery and Corruption, Money Laundering and Terrorist Financing?
- Ensures compliance with laws and regulation
- Promotes ethical practice
- Provides guidance on identifying and assessing risk
How does the RICS ensure standards and professional conducts are upheld?
Rules of Conduct in place
Professional Standards and Practice Information provided to those in training
What is the importance of the Rules of Conduct?
- Establishes ethical standards within the industry
- Builds confidence in our Client’s and in the public that there is committment to ahcieving highest standards
