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Exam (elaborations)

ARE 5.0 Practice Management (PcM) – ARE 5.0, Architecture Registration Examination, Complete Study Guide..

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ARE 5.0 Practice Management (PcM) exam. It covers essential topics including contracts, project delivery methods, professional liability, insurance, risk management, ethics, financial management, business planning, AIA contract documents, and legal responsibilities of architects. The material is organized as flashcards, making it ideal for memorization, self-assessment, and preparation for the ARE 5.0 Practice Management examination. It provides broad coverage of the core concepts tested on the PcM division.

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indirect expense factor


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total indirect expense / direct salary expense




balance sheet


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moment in time as to where the business is right now, gives big picture of
the firm.




Design Development %

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20%




Shared Studio


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-principal may work individually or collaboratively to bring projects into
office and oversee them

-share the resources of a range of professionals who are assembled as
skills and availability allow


-staff may work freely among principals, and across a range of projects in
the office

-flexibility to move freely among the principals and across range of
projects in office


-cross training of staff




managing risk from the owners point of view


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project goes smoother




indirect expenses

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non-project support
payroll burden
administrative work
IT Maintenance




Canon III: Obligations to the Client


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Members should serve their clients competently and in a professional
manner, and should exercise unprejudiced and unbiased judgement when
performing all professional services.




Design-Build


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The owner contracts with one entity (a person or firm) to provide both
design and construction services, that entity then subcontracts portions of
the work to others as needed




Bidding and Negotiation %


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, 5%




State Regulations


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adopts federal guidelines and adapts them for more geopolitical concerns




Canon VI: Obligations to the Environment


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Members should promote sustainable design and development principles
in their professional activities.




ADAAG


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Americans with Disabilities Act Accessibility Guidelines




invoice & collections


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