Are You Qualified to be an Arbitrator?
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Are You Qualified to be an Arbitrator?

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@WorthwhilePyrite5473

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Questions and Answers

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

  • Legal counsel (correct)
  • Contractors
  • Suppliers
  • Owners

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

  • Volunteering payments to claimants without notifying the insurer
  • Not involving the professional liability insurer
  • Admitting liability
  • Reporting and sharing issues internally (correct)

    • When might alternative dispute resolution (ADR) be proposed?

  • When negotiations fail to reach a mutual agreement (correct)
  • When the architect admits liability
  • After litigation has already begun
  • At the start of a construction project

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

    <p>Mediation</p> Signup and view all the answers

    What is the purpose of partnering in dispute resolution?

    <p>To enhance the chemistry among the participants</p> Signup and view all the answers

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

    <p>Mediation</p> Signup and view all the answers

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

    <p>Arbitration</p> Signup and view all the answers

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

    <p>Run-off policy</p> Signup and view all the answers

    Who should architects consult with regarding insurance options?

    <p>All of the above</p> Signup and view all the answers

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

    <p>To minimize exposure to potential claims</p> Signup and view all the answers

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

    <p>To obtain additional coverage</p> Signup and view all the answers

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

    <p>Arbitrators must have knowledge of statutory procedures and relevant legislation.</p> Signup and view all the answers

    Who is responsible for paying the costs associated with arbitration?

    <p>The parties involved in the dispute</p> Signup and view all the answers

    What is the purpose of professional liability insurance for architects?

    <p>To cover damages caused by negligence</p> Signup and view all the answers

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

    <p>All of the above</p> Signup and view all the answers

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