Weak Points Flashcards by Curtis Morgan

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

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What does the RICS Governing council do?

They ensure the RICS fulfils its Royal Charter obligations
They are the enforcement of professional standards

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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

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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

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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

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What do you include within your fee submissions?

Scope of services
fee breakdown
relevant staff CVS
terms and conditions

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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

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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

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What regulations are you aware of that are covered under the CDM regs ?

The H&S at work act

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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.

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Accounting:

What is your understanding of the Construction Act 2009?

Ensures regular payments are in place and agreed between the supply chain.

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Business Planning:

What organisational Management principles are you aware of?

Planning
Structure
leadership
organisation
control

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Business Planning:

What legislations are you aware of within a business?

Health & Safety at Work Act.
GDPR regulations

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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

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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

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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

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Dispute resolution:

Can you name some alternative dispute resolutions ?

Adjudication - named in the JCT
Arbitration
Mitigation
litigation
negotiation

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Data Management:

What are the general requirements / principles of the GDPR?

Lawfulness, fairness & transparency
Accuracy of data
Confidentiality
Accountability
Data minimisation

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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

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Sustainability:

What is your understanding of BREEAM?

It’s an organisation that helps measure the sustainability of a construction project

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Cost Planning:

Are you aware of the RIBA stages, what are they?

Stage 0 - Strategic definition
Stage 1 - preparation & brief
Stage 2 - concept design
stage 3 - spatial awareness
stage 4 - technical design
stage 5 - construction
stage 6 - handover
stage 7 - use

Cost planning:

What are the NRM and what do they do?

Provides a standard Set of measurement rules to ensure consistency across the industry.

NRM1 - Cost estimation & planning (RIBA stages 0-2)
NRM2 - detailed measure (RIBA 2-4)
NRM3 - maintenance works

Cost Planning:

What exclusions would you make within a Cost Estimate ?

VAT - clients have different levels
Professional fees
clients contingency

Not necessarily known at the time of the estimate

Cost Estimate:

What Value Engineering changes did you consider within your MBDA estimate?

The FF&E package was over my clients budget so this was reduced to fit their requirements
Also reduced the curtain wall system from full height to half height on the building

Cost Estimate: What risk commentary did you provide to your client on the Tanglewood estimate?

- At the time of the estimate we were in the mists of covid, so I advised my client on the uncertainty of material costs & lead times and the possibility of inflation etc.

Cost Estimate: Why did you base your estimate for Tanglewood on current day costs?

- My client wanted a quick turnaround on build and selling the property

Contract Practice: What is the process when PC is awarded?

- Building control certificate - insurances transfer from contractor to client - O&M manuals - H&S files

Contract Practice: Can you tell me what you learned from the JCT Practice Notes?

- Understanding payment dates - Contract particulars - LADs - Appropriate insurance & levels

Contract Practice: What is your understanding of a Collateral Warranty ?

- Provides a contractual link between a third party who may not have been privy to the original contract, but has a vested interest in the works. Example: a funder

Contract Practice: How did you value the variations ?

- If possible by using Contract rates - or by benchmarking against in-house cost data, Spons or BCIS - or by referring back to the contract day work dates

Contract Practice: What did you include with your D&B Contract?

- ERs - Prelims - Contractor Proposals - Form of Contract - JCT Contract - Design information - Warranties/ insurances - Document register

Contract Practice: You mentioned including some amendments, what were these amendments ?

- These were around third party agreements, the solicitor wanted the contractor to take ownership of existing works, when they hadn’t actually seen any surveys etc, - liability caps - solicitor wanted contractors cap to as per PI insurance, contractor offered 1.5 x contract sum

Contract Practice: What did you advise your client when the EOT was awarded?

- issuing of a non- completion cert - issuing of a Payless notice - My client could claim for weekly damage amount stated in the contract there would be additional weekly prelim costs - there would be a new completion date to avoid time at large -

Construction Tech: What is the build up of the cladding system?

- Sheathing board fixed to steel structure - timber batterns - insulation boards - polymesh receiver - dash finish like for like

Construction Tech: What is your understanding of the Party Wall Act?

- Provides a framework for agreeing disputes between party walls & boundary’s

Construction Tech: What assumptions did you make within your Tanglewood Estimate?

- I assumed the foundations to be stripped - I assumed a timber pitched roof - I assumed beam & block flooring

Procurement & Tendering: Can you name any procurement methods?

- D&B - Traditional - Measured Term - Construction Management - Contract management - Bespoke

Procurement & Tendering: Can you walk me through the Tender Analysis process ?

- Had a witness when opening the Tenders - Checked tenders for any errors etc. - inputted tender returns into a comparison spreadsheet side by side to highlight any anomalies - reviewed any exclusions - issued tender queries to contractors - recorded my findings into a Tender Report

Financial control & reporting: Can you name any change control procedures?

- Client instructing a consultant - consultant instructing a contractor on change - client changing design

Financial control & reporting: How did you value the landscaping variation on the Brook project?

- I first checked to see if there were any contract rates I could use - but I had to use in- house cost data & Spons - I did a take off from the drawings available and priced the works accordingly

Costing of Construction Works: What is the Code of Measuring Practice?

- To provide an accurate measurement of buildings and land within the UK

Costing of Construction Works: What is the International Property Measurement Standards ?

- An organisation trying to standardise a set of measurement rules internationally

Costing of Construction Works: Can you name any principles of Construction Works?

- Pricing documents - Cost Estimates / Plans - Valuing variations - Loss & Expense claims - analysis tender returns - interim valuations - valuing claims

What was included with your Cost Estimate on the THFC Project?

- Executive summary - Area Schedule - cost breakdown - drawing list - any exclusions - any assumptions

Costing of Construction Works: What is a prime cost ?

A cost unknown when entering a contract for works being carried out by a clients supplier. Contractor can only apply oh&p

Contract Administration: What did you takeaway from the Construction Law module you mention within your submission?

- Negotiations of contracts - dispute resolution methods

Contract Administration: Talk me through the process of issuing an instruction on the Brook project?

- reviewed the change with the client - reviewed the costs & programme implications of the change and advised my client - issued the instruction to the contractor in a timely manner to prevent delay

Contract Administration: What we’re the effects of issuing a non- completion certificate?

- The contractor submitted an EOT claim - a revised programme date - additional weekly premium costs - client may claim weekly damage amount

Insurances: What insurances should a contractor hold?

- Public liability - Employer liability - PI Insurance - All Risk Insurance

Construction Tech: What is temporary shoring ?

- A form of propping, usually found within foundations to support the walls while pouring of fixing foundations

Insurance: What is a retention bond? Who benefits from them?

- A lump sum help back by the client, rather than deducting a monthly percentage Adv: Helps contractor with cash flow Dis: Client pays for the premium of the bond

Insurance: What is a advance payment bond? Who benefits from them?

- A bond to protect the client of the contractor was to order materials with the advance payment and then go bust