Podcast
Questions and Answers
Which of the following is a key step in risk management?
Which of the following is a key step in risk management?
- Assumption of the risk
- Mitigation of potential impacts
- Identification of potential risks (correct)
- Assessment of the degree of risk
What is the purpose of professional liability insurance?
What is the purpose of professional liability insurance?
- To provide financial protection against errors and omissions (correct)
- To ensure compliance with provincial regulations
- To limit liabilities for architectural practices
- To eliminate all risks in an architect's practice
When should an architect consider obtaining professional liability insurance?
When should an architect consider obtaining professional liability insurance?
- Only when setting up a practice
- During the life of the practice
- At any stage of their career (correct)
- After retirement
What is a key aspect of risk management?
What is a key aspect of risk management?
Which conflict management strategy seeks to avoid the costly and lengthy process of litigation?
Which conflict management strategy seeks to avoid the costly and lengthy process of litigation?
What is the primary objective of partnering?
What is the primary objective of partnering?
What role does a mediator play in dispute resolution?
What role does a mediator play in dispute resolution?
What is required for an arbitrator to make a final and binding determination?
What is required for an arbitrator to make a final and binding determination?
According to the text, what should architects do to reduce the risk of late payment or non-payment of invoices?
According to the text, what should architects do to reduce the risk of late payment or non-payment of invoices?
What is the purpose of obtaining a retainer at the execution of the contract?
What is the purpose of obtaining a retainer at the execution of the contract?
Why is it important for architects to establish a retrieval system for records?
Why is it important for architects to establish a retrieval system for records?
What should architects do if the documentation is not copied onto paper?
What should architects do if the documentation is not copied onto paper?
According to the text, what action should be taken if a client does not make payment for services?
According to the text, what action should be taken if a client does not make payment for services?
According to the text, what should an architect do when considering whether to pursue a project opportunity?
According to the text, what should an architect do when considering whether to pursue a project opportunity?
According to the text, what is the main function of a GO NO-GO checklist?
According to the text, what is the main function of a GO NO-GO checklist?
According to the text, what should an architect do if legal action has been threatened for non-payment of an invoice?
According to the text, what should an architect do if legal action has been threatened for non-payment of an invoice?
According to the text, professional liability insurance provides protection from claims and is intended to cover liabilities. What does a professional liability insurance policy typically have that may void coverage for certain activities?
According to the text, professional liability insurance provides protection from claims and is intended to cover liabilities. What does a professional liability insurance policy typically have that may void coverage for certain activities?
What should architects do if they believe that a claim might be made?
What should architects do if they believe that a claim might be made?
What is the purpose of excess insurance coverage for a specific project?
What is the purpose of excess insurance coverage for a specific project?
What is the purpose of Alternative Dispute Resolution (ADR) in the context of a dispute?
What is the purpose of Alternative Dispute Resolution (ADR) in the context of a dispute?
According to the text, who is usually engaged to manage and coordinate the work of the main engineering sub-consultants?
According to the text, who is usually engaged to manage and coordinate the work of the main engineering sub-consultants?
What is the importance of team chemistry mentioned in the text?
What is the importance of team chemistry mentioned in the text?
Which main engineering sub-consultants are mentioned in the text?
Which main engineering sub-consultants are mentioned in the text?
According to the text, what may be saved by using the same consultants on a continuing basis?
According to the text, what may be saved by using the same consultants on a continuing basis?
What is the purpose of the checklist mentioned in the text?
What is the purpose of the checklist mentioned in the text?
True or false: The architect is responsible for directly engaging the main engineering sub-consultants (structural, mechanical, and electrical engineers).
True or false: The architect is responsible for directly engaging the main engineering sub-consultants (structural, mechanical, and electrical engineers).
True or false: The success of a project often depends on the ability of all team members to work well together, known as team chemistry.
True or false: The success of a project often depends on the ability of all team members to work well together, known as team chemistry.
True or false: Using the same consultants on a continuing basis may save the architect time, money, aggravation, and billable time.
True or false: Using the same consultants on a continuing basis may save the architect time, money, aggravation, and billable time.
True or false: Professional liability insurance provides protection from claims and is intended to cover liabilities, without any limitations or exclusions.
True or false: Professional liability insurance provides protection from claims and is intended to cover liabilities, without any limitations or exclusions.
True or false: The architect should consider obtaining professional liability insurance after the completion of a project.
True or false: The architect should consider obtaining professional liability insurance after the completion of a project.
