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ARE PRACTICE MANAGEMENT 5.0 PCM QUESTIONS WITH COMPLETE ANSWERS..

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ARE PRACTICE MANAGEMENT 5.0 PCM QUESTIONS WITH COMPLETE ANSWERS

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What is the term for the concept of combining the design-bid-build process and the
design-build process?


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'Bridging' combines these two processes.




What kind of project delivery system might be preferred by a real estate developer?


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This kind of client might use a design-build project delivery system.




Mediation

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A neutral 3rd party who assists in negotiating a settlement using preset
rules.




Conflict Management


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Our ability to influence other people in a positive fashion and successfully
complete the task at hand in a given period of time. All work is a conflict.
This takes different management than financial management




Payroll Burden


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Costs associated with payroll, including payroll taxes, healthcare, and
retirement plans.




Project Work Plan


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Serves as a means to achieve project and firm profitability, schedule project
milestones and resources, and monitor project progress.

,What type of assurance is represented in a cost estimate prepared by the architect?


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This document represents the architect's best professional judgment, but it
is not considered to be a guarantee to the owner of actual construction
costs.




Damages


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Damages refers to the monetary compensation that is ordered to be paid
to a party based on loss or injury through the wrongful conduct of another
party.




Title 1 of Americans with Disabilities Act


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Prohibits private, state and local government, employment agencies and
labor unions from discriminating against qualified individuals with
disabilities in job application procedures, compensation, advancement, job
training and other privileges of employment.




What is the smallest possible size of a sole proprietorship?


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, One architect could complete this kind of firm




What is the principal advantage to using a corporation as the business model for an
architect's office?


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This type of business structure does not put the personal assets of the
stockholders at risk.




Net Revenue


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Gross revenue minus direct project costs.




What are the three commonly used, viable defenses when an architect is sued for
liability and/or negligence?


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The three commonly used defenses for liability and/or negligence by an
architect are:
-Betterment
-Statute of limitations
-Statute of repose

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