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ARE 5.0 Practice Management Exam Prep
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B101 - Services, Owner Responsibilities, and Cost of Work
3m 10s
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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It doesn't necessarily mean that you have the money in hand, but it does mean that you're explaining that the owner is responsible for if they contract for this amount of work, they have to be able to do that and so there's a place here where the owner is saying, "Yes, I understand that." And then it just goes on with lots of other specific needs that are worth reading through to really have a sense of what is expected from the owner. And then we get to article six which is the cost of the work and this is one of those spots where it seems like it should be pretty simple, but there's a lot of little nuance in here. So in general, this is the spot where you're saying, "Yeah, we'll do it for $45,000," and it's gonna have a spot where you can fill that number in.
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