NCARB PCM Exam with Questions Solved with 100% Correct Answers
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Course
NCARB
Institution
NCARB
Common types of small business taxes - Answer Federal and state income tax
Self-employment tax
Personal property tax
Post Occupancy Evaluation - Answer Surveys used to see how well a building is
performing, usually administered at least a year after occupancy
*Very important! Employees are the...
NCARB PCM Exam with Questions Solved
with 100% Correct Answers
Common types of small business taxes - Answer Federal and state income tax
Self-employment tax
Personal property tax
Post Occupancy Evaluation - Answer Surveys used to see how well a building is
performing, usually administered at least a year after occupancy
*Very important! Employees are the major expense for any business, so knowing how
design affects their performance is key.
Contractual Liability Insurance - Answer Contractual liability insurance: Covers you when
something goes wrong and you, by virtue of a contract you signed, are held responsible
for it. Contractual liability coverage typically is included in your general liability
insurance (the one that covers your business for non-professional incidents, like a slip-
and-fall or dog bite at the office).
Subrogation - Answer Process of the Insurance Company assuming agency for an
insured party in order to sue another party
*AIA A201 requires a WAIVER of subrogation by all relevant parties
Utilization Rate - Answer Direct Salary Expense / Base Salary
Revenue Factor - Answer Utilization Rate x Direct Salary Expense Ratio
How do you decide how much to charge a client? - Answer Value Pricing - Based on
quality
,Effort Pricing - Based on time spent (this is the ARE's assumption in the exams)
% Cost Pricing - Based on percentage of total construction cost
Fixed fee pricing - Fixed cost to client typically derived based on triangulating estimates
of the other three models
Risky Contract Language - Answer Warrantee
Guarantee
Indemnify/Indemnification
"Highest" standard of care
As required/as necessary
Hold harmless
*Anything that passes liability to the Architect
G702 - Answer Application and Certificate for Payment
G704 - Answer Certificate of Substantial Completion
, Net Profit - Answer The amount left after operating expenses are subtracted from the
gross profit
Net Billing - Answer Billing that only covers fees for architect's labor
Profit Earnings Ratio - Answer Net profit / Net Operating Revenue
Prospect / Suspect - Answer Potential projects with a >51% (prospect) or <%50 (suspect)
chance of income generation
What Types of damages can be Pursued in Litigation? Which are called for in AIA B101?
Consequential vs Liquidated vs Direct Damages - Answer Consequential = Estimated cost
of lost owner profit due to project delays
Liquidated = Per-day penalty for a delayed construction project completion
Direct Damages = Actual cost of fixing unacceptable work
Current Earnings - Answer profit left over after taxes and expenses are deducted from
income
Base vs direct vs indirect salary - Answer Base salary: Total annual compensation (Base
Salary in $/year = Hourly rate * 40hrs/week*52 weeks/yr)
Direct salary: Salary derived from billable hours (cost of employee's time charged to
client for, say, code analysis)
Indirect salary: Salary from non-billable hours (cost of employee's time spent fighting
with a jammed copier for 30 minutes)
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