In this ARE 5.0 Practice Management Exam Prep course you will learn about the topics covered in the ARE 5.0 PcM exam division. A complete and comprehensive curriculum, this course will touch on each of the NCARB objectives for the ARE 5.0 Practice Management Exam.
Instructor Mike Newman will discuss issues related to pre-contract tasks including negotiation, human resource management and consultant development.
When you are done with this course, you will have a thorough understanding of the content covered in the ARE 5.0 Practice Management Exam including business structure, business development, and asset development and protection.
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The downside here is that it ends up taking a lot of time, and so if, in our normal thing of SD, DD, CDs, B and CA, so schematic design, design development, contract documents, bidding and construction administration, if you're in that, before you've even gotten the job, if you're going way into this territory, well that means you're spending what is the equivalent of 20% of the fee just to get to the spot of getting the job you know, that's too much time, that's too much of a risk. This is a problem that we should really be careful about. The other issue is that even if you get the project, the contracts aren't set up for being that far ahead of the game, so you may have a situation where even if you got the project and then something happened, you wouldn't get paid the full amount.
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From the course:
ARE 5.0 Practice Management Exam Prep
Duration: 11h 28m
Author: Mike Newman