Legislation & Key Acronyms Flashcards
1
Q
5 Rules of Conduct
A
- HASPR
- Honesty
- Act in Public Interest
- Service
- Professionalism
- Respect
2
Q
Short to Long term goals
A
- Short Term Strategy; 1- year improvements e.g. productivity (technology/systems), upskill (courses)
- Medium Strategy; Regular training/new starter induction, technology servicing contracts
- Long Strategy; Capital expenditure e.g. relocate offices, marketing (new website)
3
Q
Arcadis Business Plan
A
- PIC
- People First - retain & grow staff
- Innovation - increase efficiency & value
- Client service - Ensure satisfaction of existing clients
4
Q
RICS Requirements for Members & Firms
A
CIC
- CPD
- Information provision
- Cooperation
CILPRD
- Complaints Handling
- Information provision
- Locum
- Professional Indemnity
- Run off Cover
- Designation of RICS
5
Q
Key Ratio Measures
A
- PAAG
- Profitability
- Acid test (Assets-Stock/liabilities) 1-1.2 (stock slow to cash)
- Asset Ratio -(Assets / liabilities) 1.5
- Gearing equity / debt e.g. 95% geared vs 50% geared (95% prone to impact from interest increases / inflation)
6
Q
Business Analysis methods SWOT
A
- Strength (experience/expertise)
- Weakness (over leveraged)
- Opportunity (growing market)
- Threat (changing business e.g. Corona).
7
Q
Business Analysis methods SMART
A
Specific
Measurable
Achievable
Realistic
Time
8
Q
Business Analysis methods PESTLE
A
Political
Economic
Social
Technology
Legal
Environmental
9
Q
3 Pillars of sustainability
A
- Sustainable Development – Meets present needs without impacting on future generations. Coal, Oil & Gas all produce CO2
- Environmental - rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely. If they cannot be continued indefinitely then they are not sustainable.
- Economic sustainability - the ability to support a defined level of economic production indefinitely.
- Social – liveability, health equity, community development, human rights, labour rights.
10
Q
BREEAM;
A
-Building Research Establishment Environmental Assessment Method.
- Environmental performance of new & existing buildings.
- Management,
- Health,
- Energy,
- Transport,
- Water,
- Materials,
- Waste,
- Ecology,
- Pollution,
- Innovation
11
Q
Building Regulations Part L
- Recent changes?
A
- Part L Build Regs; Conservation of fuel and power
- Shall not exceed the target CO2 emission rate for the building
- limiting heat gain and losses and providing building service which are efficient, have effective controls
- 2022; New Homes produce 30% less CO2 than previous standards
12
Q
Sources of renewable energy and energy recovery:
A
- Solar photovoltaics: PV panels are typically placed on roofs or unfarmed land.#
- Solar thermal energy: Energy from the sun is harvested to be used as heat for building systems.
- Geothermal energy: Natural heat energy stored in the earth itself. This can be used for electricity generation, space heating, hot water heating.
- Ground source heat pumps works by using the evaporation and condensing of a refrigerant to move heat from one place to another. Air-source heat pumps extract heat from outside in a similar way to ground source heat pumps.
- Tidal range: The difference between high and low tide is captured by turbine blades to generate electricity.
- Wave Power As wind blows over the surface water the energy from the waves can be captured by power turbines that generate electricity.
- Wind power: Wind can be converted into electricity by wind turbines whether on or offshore.
- Biomass: Organic materials that can be used as fuels. Biomass can be replaced relatively quickly. They are used in the form of pellets and burned in boilers as a heating source.
13
Q
5 Year Plan
A
- CAMSGR
- Clients – Size, Type e.g. owner occupier or developer (sale or rental), procurement e.g. D&B, MC, Traditional
- Acquisition – e.g. Arcadis purchase IBI group. Increase geographical region. Future growth potential (aligns with existing business streams)
- Market – Growth Trends e.g. Distribution sector, Opportunity – larger market, Threats – simple build = high competition, Clients, Competition – significant due to high growth and ease of build
- Staffing– Identify essential requirements to generate revenue (new & existing business), holidays/absence/seasonal business trends
- Goal – Win on a bid for a new job, grow the team Long Term Goals – Grow profit by 100%, enter a new sector
- Resources – Recruit (sales, operational, admin (what level), Training (increase existing capability), Finance (organic or raise funding), Technology (systemisation, resourcing, added value (BIM)).
14
Q
Bitchard Report
A
- RICS enquiry made in 2021 into issues raised in the Levitt report
- Return control to members
- Ensure the Institution’s activities are centred on the public interest
- Give greater priority to diversity and inclusion
- The aim of the Bichard Review was to ‘create a new sense of purpose and direction so that RICS can once more stand tall as an exemplar professional institution, capable of tackling the challenges which will shape the way we all live in the years to come’.
15
Q
Climate Acts
A
- Kyoto Protocol; Linked to UN framework binding internationally emission reductions
The Convention asks developed countries to adopt policies and measures on sustainability and to report periodically. - Climate change act; Reduce UK emissions by 80% 2050
