Are You Qualified to be an Arbitrator?

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WorthwhilePyrite5473
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15 Questions

Which of the following is NOT a key entity involved in a construction project?

Legal counsel

What is an important part of an architect's risk management strategy in relation to handling disputes?

Reporting and sharing issues internally

When might alternative dispute resolution (ADR) be proposed?

When negotiations fail to reach a mutual agreement

Which method of dispute resolution involves a neutral person assisting the parties in their negotiations to resolve the dispute?

Mediation

What is the purpose of partnering in dispute resolution?

To enhance the chemistry among the participants

Which method of dispute resolution allows for creative solutions and the preservation of relationships between the parties?

Mediation

What is the final and binding determination made by an independent and impartial arbitrator called?

Arbitration

Which type of policy is recommended for architects who are ceasing to practice?

Run-off policy

Who should architects consult with regarding insurance options?

All of the above

What is the purpose of a limitation of liability clause in architect-client agreements?

To minimize exposure to potential claims

What is the purpose of a run-off errors and omissions policy for subconsultants?

To obtain additional coverage

Which of the following is true about the qualifications of an arbitrator?

Arbitrators must have knowledge of statutory procedures and relevant legislation.

Who is responsible for paying the costs associated with arbitration?

The parties involved in the dispute

What is the purpose of professional liability insurance for architects?

To cover damages caused by negligence

What are some common exclusions under a typical professional liability insurance policy?

All of the above

Test your knowledge on the qualifications and requirements for becoming an arbitrator. Learn about the necessary expertise in statutory procedures, relevant legislation, and more. Discover how the role of an arbitrator aligns with that of a judge.

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