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Risk Flash Cards PJM Questions and Answers 2024
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Risk Flash Cards PJM
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Risk Flash Cards PJM(4) Top Risk Drivers on a project found in 93% of all claims - answer1.) Communication
2.) Project Team Capabilities
3.) Client Selection
4.) Negotiation + Contracts
(4) What are the Risks to the Architect when working without an Agreement Risks -
answer• Difficulty getting paid
• Everything being blamed on the architect as if it's their responsibility
• Not a defined scope
• Claims against Architect causing delay due to lack of written schedule
(3) Indemnities that benefit the Architect - answer• Client indemnity for claims for the
presence of hazardous materials
• Client misuse of arch drawings
• Mutual indemnification of Architect + Consultant for being responsible for their own
mistakes
(4) Common Indemnities that make Architect responsible beyond Professional Liability
Insurance - answer• Indemnifying parties not in the agreement
• Indemnifying client of their own mistakes
• Indemnifying errors and omissions that dont rise to level of negligence
• Defending client against 3rd party claims by providing legal defense before
establishing negligence
(3) CA tasks of the Architect include - answer- Field observations
- Review of contractors payment applications, Submittals, Change orders
- Inspecting for substantial completion
(4)How to manage risk in an agreement - answer- Appoint a single person or team to
review contracts in the firm.
- Pm should review contracts as they manage project. Shouldn't be only person.
reviewing though.
- Provide access to entire team to the agreement
- Always make a digital copy
(4) Important Customized Forms to Have on Hand - answerSmall & Limited scope
agreements: For short terms + conditions for projects where there is little to no
construction involved such as feasibility or programming studies
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