30 Questions
Which of the following is a key step in risk management?
Identification of potential risks
What is the purpose of professional liability insurance?
To provide financial protection against errors and omissions
When should an architect consider obtaining professional liability insurance?
At any stage of their career
What is a key aspect of risk management?
Considering potential ramifications
Which conflict management strategy seeks to avoid the costly and lengthy process of litigation?
Partnering
What is the primary objective of partnering?
To achieve agreed-upon collective goals
What role does a mediator play in dispute resolution?
Facilitating negotiations between parties
What is required for an arbitrator to make a final and binding determination?
Knowledge of the law and statutory procedures
According to the text, what should architects do to reduce the risk of late payment or non-payment of invoices?
Include a statement of interest on overdue accounts
What is the purpose of obtaining a retainer at the execution of the contract?
To apply against the final invoice
Why is it important for architects to establish a retrieval system for records?
To mount a defense against a claim
What should architects do if the documentation is not copied onto paper?
Obtain electronic media that will endure
According to the text, what action should be taken if a client does not make payment for services?
Initiate legal action
According to the text, what should an architect do when considering whether to pursue a project opportunity?
Consider the risks involved
According to the text, what is the main function of a GO NO-GO checklist?
To assess the degree of risk in a project
According to the text, what should an architect do if legal action has been threatened for non-payment of an invoice?
Prepare a defence against counter-claims
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?
Exclusion clauses
What should architects do if they believe that a claim might be made?
Notify the insurer at the first indication of the likelihood of a claim and follow the insurer’s advice
What is the purpose of excess insurance coverage for a specific project?
To provide additional coverage over and above the basic level of protection required by the regulations or legislation
What is the purpose of Alternative Dispute Resolution (ADR) in the context of a dispute?
To provide alternative methods of resolving disputes outside of the traditional court system
According to the text, who is usually engaged to manage and coordinate the work of the main engineering sub-consultants?
The architect
What is the importance of team chemistry mentioned in the text?
It affects the success of a project
Which main engineering sub-consultants are mentioned in the text?
Structural, mechanical, and electrical engineers
According to the text, what may be saved by using the same consultants on a continuing basis?
The architect's billable time
What is the purpose of the checklist mentioned in the text?
To recognize the importance of team chemistry
True or false: The architect is responsible for directly engaging the main engineering sub-consultants (structural, mechanical, and electrical engineers).
False
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
True or false: Using the same consultants on a continuing basis may save the architect time, money, aggravation, and billable time.
True
True or false: Professional liability insurance provides protection from claims and is intended to cover liabilities, without any limitations or exclusions.
False
True or false: The architect should consider obtaining professional liability insurance after the completion of a project.
False
Test your knowledge on the importance of maintaining accurate records in the field of architecture. Learn about the significance of storing documentation and files over time and how these records can help in defending against claims.
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