ARE 5.0 Study guides, Class notes & Summaries

ARE 5.0: Project Management Questions and Answers | Latest Updated Graded A+ Application for Payment (A201; Article 9) - Submitted by the Contractor to the Architect. Itemized and prepared in accordance with Schedule of Values. Architect reviews and submits to the owner so that they can pay the contractor, or withholds for valid reasons. Partnering - Stakeholders in a project all participate in decision-making process. Can produce closer communication and shared responsibilities but re...

Project Management - Includes project planning, scheduling, monitoring, coordinating and directing, updating documentation, closing out the job, and following up with clients. Partnering - Various stakeholders in a project (such as the architect, owner, contractor and vendors) all participate in the decision-making process. Bar Chart - Method commonly used for scheduling design and construction projects. Tasks are listed in chronological order on vertical access and time period is listed on...

Application for Payment (A201; Article 9) - Submitted by the Contractor to the Architect. Itemized and prepared in accordance with Schedule of Values. Architect reviews and submits to the owner so that they can pay the contractor, or withholds for valid reasons. Partnering - Stakeholders in a project all participate in decision-making process. Can produce closer communication and shared responsibilities but requires more difficult management. Project Manager - Coordinates the activities of...

Application for Payment (A201; Article 9) - Submitted by the Contractor to the Architect. Itemized and prepared in accordance with Schedule of Values. Architect reviews and submits to the owner so that they can pay the contractor, or withholds for valid reasons. Partnering - Stakeholders in a project all participate in decision-making process. Can produce closer communication and shared responsibilities but requires more difficult management. Project Manager - Coordinates the activities of...

5 types of firms - 1. Sole Proprietorship 2. General/Limited Partnership 3. Corporation 4. LLC/LLP 5. Joint Venture Sole Proprietorship - Key Features - 1. One owner 2. Requires only name/location and logo/license 3. Formation: Easy to set up 4. Tax advantage: business expense/loos deducted from gross business income 5. Disadvantage: Owner personally liable for company debts/losses. Personal credit to establish credit/raise capitol 6. Longevity: when owner retires firms closes. General Par...

Sole Proprietorship - The business is owned by an individual General Partnership - Two or more people (general partners) share in the management, profits and risk of the business Limited Partnership - Has at least one general partner (invests in the business, manages it and are financially responsible for it) and at least one limited partner (investor who receives a portion of the profits but has no say in the management of the company) C Corporation - An association of individuals (stockh...

ARE 5.0 Practice Management With Verified Solutions Graded A+ Sole Proprietorship - The business is owned by an individual General Partnership - Two or more people (general partners) share in the management, profits and risk of the business Limited Partnership - Has at least one general partner (invests in the business, manages it and are financially responsible for it) and at least one limited partner (investor who receives a portion of the profits but has no say in the management of the...

ARE 5.0 Practice Management Exam With Verified Solutions Graded A+ 5 types of firms - 1. Sole Proprietorship 2. General/Limited Partnership 3. Corporation 4. LLC/LLP 5. Joint Venture Sole Proprietorship - Key Features - 1. One owner 2. Requires only name/location and logo/license 3. Formation: Easy to set up 4. Tax advantage: business expense/loos deducted from gross business income 5. Disadvantage: Owner personally liable for company debts/losses. Personal credit to establish credit/rais...

ARE CE Tests with Complete Solutions | Latest Updated Graded A+ Parts of a weld - Leg Throat Face If hazardous waste discovered during construction who pays? IE underground storage tank - Contractor pays and Owner reimburses -A201 states owner is responsible for remediation of hazardous materials at project site who has discretion to decided whether or not construction meets design intent? - architect Costs to repair or correct work due to a design defect are payable by - the architect...