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Cards In This Set
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A school district must build two new schools and open them in two years for the start of school. They would like all parties (architect, contractor, and owner) to be involved early the process so that whoever constructs the building has the knowledge and can provide input into the building design. The main concerns are to minimize conflict and for the architect, contractor, and owner to collaborate to stay within the schedule and budget.
Which method of project delivery best suits the school district's needs? |
Construction Management -Constructor (CM-C)
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An architect is practicing as a sole proprietor. They are found at fault for design errors in the roof flashing.
What is the limit of their liability? |
There is no limit.
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An architecture firm pays taxes twice on income earned every quarter; both the company profits and the shareholder dividends are taxed
What type of company does this describe? |
C - corporation
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How often do sole proprietors pay estimated income taxes?
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Quarterly
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If you are joining a firm that has a horizontal or department organization method, you can expect to
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Be assigned to work on a specific phase for many projects.
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A potential client comes to discuss designing a sunroom addition with an architect. The client has very little experience with the design and construction process.
Which AIA contract document is the most appropriate for this scenario? |
AIA B105
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An architect's digital files are lost and cannot be recovered. Only paper progress prints remain.
What type of insurance covers this loss? |
Specific coverage must be purchased.
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As an S corporation, what form does the firm file at the tax time?
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Form 1120S
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Human-resource management requires staying up-to-date regarding employment laws, legislation, and compliance. Employers must ensure they are following the various federal state, and local laws, all of which depend on many factors including the size of the firm
What size firm is required to comply with the Family Medical Leave Act (FMLA) requirements? |
Firms with 50+ employees
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Architectural firms commonly use several legal structures. A legal structure that offers liability protection and protects the personal assets of partners, other than their ownership interests in the firm, is called a
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Limited Liability Partnership(LLP)
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For the Arts Space project, if the owner's budget is $270/SF and the project is 6,000 SF.
What would be the architect's fee using the fee model stated in the contract? |
Rationale: $270 x 6,000 = 1,620,000 x 11% = 178,200 The contract states a percentage of construction fee at 11%.
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At the beginning of the Arts Space project, the client had very little understanding of programming requirements for the project and decided to invest in a programming study. The architect prepared a
proposal for programming services for the project and used an hourly billing rate If employee 4 and employee 10 each spent 25 hours on the programming study, what amount should be billed? |
Billing rates are shown in the project contract. $55 x 25 = $1,375 + $115 x 25 = $2,875 = $4,250
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The firm is committed to promoting sustainability solutions in their projects.
Given the mission of the firm to promote "green" building, what AIA contract would be the most appropriate for a hotel project? |
B101-2007 SP
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What is the net operating revenue they must make up in the coming year?
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750000
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The architectural firm is using an accrual-basis report system that differs from a cash-basis accounting report.
What is the key difference? |
Establishes net profit.
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