Architectural Services Assessment

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Which of the following best describes the concept of risk in a business enterprise?

An uncertain event or condition that has a positive effect on a project's objectives

Being legally bound and subject to penalty

An obligation to pay damages or losses incurred by another party

An uncertain event or condition that has a negative effect on a project's objectives (correct)

What does the text suggest about the management of risk?

Risk can be completely eliminated with proper management

Risk should always be assumed to seize opportunities

Inaction is always riskier than action

Risk requires identification, assessment, decision-making, and mitigation (correct)

What does the text suggest about the nature of risks in architectural practice?

Risks occur throughout an architect's career (correct)

Risks can be completely eliminated in an architect's career

Inaction is always riskier than action in architectural practice

Risks only occur during the life of an architect's practice

Which of the following is a reason why an architect should review contract terms with legal counsel and their professional liability insurer?

To ensure the contract terms are fair and reasonable (B) Signup and view all the answers

When might an architect be asked to enter into a separate confidentiality and non-disclosure agreement (NDA)?

During the proposal stage (A) Signup and view all the answers

What is a potential disadvantage of having a third-party project manager in place?

Loss of direct communication with the client (B) Signup and view all the answers

What should an architect consider when negotiating an agreement with a client who intends to hire a third-party project manager?

Ensuring a clear scope of service in their own agreement (C) Signup and view all the answers

According to the text, what are the key components of a comprehensive risk management strategy?

Identification of risk, assessment of risk probability and impact, development of a plan to respond to risk, and monitoring of practice and project activities (C) Signup and view all the answers

According to the text, what advice is given for dealing with unreasonable contractual conditions?

Say "No" to unreasonable contractual conditions (C) Signup and view all the answers

According to the text, what is the purpose of a GO/NO GO checklist in project selection?

To identify potential threats and issues that need to be addressed (B) Signup and view all the answers

According to the text, what is one of the important considerations covered by a GO/NO GO checklist?

Alignment of project to marketing and business plan (B) Signup and view all the answers

Architects need to evaluate their firm’s capabilities in delivering services and whether the firm has the necessary expertise and resources to successfully undertake the project.

Inadequate resources leading to errors and omissions (D) Signup and view all the answers

Developers may look to reduce quality as a means to increase profit. This could lead to substandard or unacceptable construction practices and materials.

Developers may reduce quality to increase profit (D) Signup and view all the answers

Certain project delivery methods may increase the degree of risk, such as design-build, public-private partnership (P3) projects, and other alternative delivery methods.

Design-build (C) Signup and view all the answers

If the GO/NO GO checklist process leads to the GO decision, to pursuit of the project, it will be necessary to minimize risk by assembling a consulting team appropriate for both the project and the type of client.

Hiring additional staff (D) Signup and view all the answers

Which of the following is an important consideration when selecting subconsultants for a project?

The subconsultant's ability to obtain professional liability insurance (C) Signup and view all the answers

What is the recommended form of contract between an architect and a subconsultant?

The Canadian Standard Form of Contract Between Architect and Consultant: RAIC Document Nine (A) Signup and view all the answers

What should an architect do if a subconsultant's standard terms and conditions increase the architect's liability?

Seek legal advice and negotiate more favorable terms (B) Signup and view all the answers

When should an architect obtain certificates of insurance from subconsultants?

Annually during the life of the project (B) Signup and view all the answers

Which of the following is a reason why an architect may want to consider adding an indemnification clause in the client-architect agreement when using a client-preferred subconsultant?

To document concerns with being instructed to use the subconsultant (B) Signup and view all the answers

What is the importance of team chemistry in a project?

It improves overall quality, coordination, client satisfaction, and project profits (B) Signup and view all the answers

Why is it not recommended for an architect to agree to the standard terms and conditions put forward by a subconsultant?

It increases the liability to the architect (D) Signup and view all the answers

What should an architect consider when entering into agreements with subconsultants?

The insurance requirements and limitations of liability provisions (C) Signup and view all the answers