His guest today must have made the most outrageous prediction⦠for the next 2 years. And Bill completely lost it and could have even dismissed him from the interview⦠[Income Investing Insider]( A note from the Editor: At Income Investing Insider, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think youâll appreciate. Design role[edit] The architect, once hired by a client, is responsible for creating a design concept that meets the requirements of that client and provides a facility suitable to the required use. The architect must meet with and put questions to the client, in order to ascertain all the requirements (and nuances) of the planned project. [14] Often the full brief is not clear in the beginning. It involves a degree of risk in the design undertaking. The architect may make early proposals to the client which may rework the terms of the brief. The "program" (or brief) is essential to producing a project that meets all the needs of the owner. This becomes a guide for the architect in creating the design concept. Design proposal(s) are generally expected to be both imaginative and pragmatic. Much depends upon the time, place, finance, culture, and available crafts and technology in which the design takes place. The extent and nature of these expectations will vary. Foresight is a prerequisite when designing buildings as it is a very complex and demanding undertaking. Any design concept during the early stage of its generation must take into account a great number of issues and variables including qualities of space(s),[15] the end-use and life-cycle of these proposed spaces, connections, relations, and aspects between spaces including how they are put together and the impact of proposals on the immediate and wider locality. Selection of appropriate materials and technology must be considered, tested, and reviewed at an early stage in the design to ensure there are no setbacks (such as higher-than-expected costs) which could occur later in the project. The site and its surrounding environment as well as the culture and history of the place, will also influence the design. The design must also balance increasing concerns with environmental sustainability. The architect may introduce (intentionally or not), aspects of mathematics and architecture, new or current architectural theory, or references to architectural history. A key part of the design is that the architect often must consult with engineers, surveyors and other specialists throughout the design, ensuring that aspects such as structural supports and air conditioning elements are coordinated. The control and planning of construction costs are also a part of these consultations. Coordination of the different aspects involves a high degree of specialized communication including advanced computer technology such as building information modeling (BIM), computer-aided design (CAD), and cloud-based technologies. Finally, at all times, the architect must report back to the client who may have reservations or recommendations which might introduce further variables into the design. Architects also deal with local and federal jurisdictions regarding regulations and building codes. The architect might need to comply with local planning and zoning laws such as required setbacks, height limitations, parking requirements, transparency requirements (windows), and land use. Some jurisdictions require adherence to design and historic preservation guidelines. Health and safety risks form a vital part of the current design, and in some jurisdictions, design reports and records are required to include ongoing considerations of materials and contaminants, waste management and recycling, traffic control, and fire safety. Dear Reader, Bill OâReilly is at the forefront of [an explosive new story⦠AGAIN]( You wonât see this shocking story anywhere elseâ¦.. Means of design[edit] Previously, architects employed drawings[11] to illustrate and generate design proposals. While conceptual sketches are still widely used by architects,[16] computer technology has now become the industry standard.[17] Furthermore, design may include the use of photos, collages, prints, linocuts, 3D scanning technology, and other media in design production. Increasingly, computer software is shaping how architects work. BIM technology allows for the creation of a virtual building that serves as an information database for the sharing of design and building information throughout the life-cycle of the building's design, construction, and maintenance.[18] Virtual reality (VR) presentations are becoming more common for visualizing structural designs and interior spaces from the point-of-view perspective. Environmental role[edit] Since modern buildings are known to place carbon into the atmosphere, increasing controls are being placed on buildings and associated technology to reduce emissions, increase energy efficiency, and make use of renewable energy sources. Renewable energy sources may be designed into the proposed building by local or national renewable energy providers. As a result, the architect is required to remain abreast of current regulations that are continually being updated. Some new developments exhibit extremely low energy use or passive solar building design.[19] However, the architect is also increasingly being required to provide initiatives in a wider environmental sense. Examples of this include making provisions for low-energy transport, natural daylighting instead of artificial lighting, natural ventilation instead of air conditioning, pollution, and waste management, use of recycled materials, and employment of materials which can be easily recycled. Construction role[edit] As the design becomes more advanced and detailed, specifications and detail designs are made of all the elements and components of the building. Techniques in the production of a building are continually advancing which places a demand on the architect to ensure that he or she remains up to date with these advances. Depending on the client's needs and the jurisdiction's requirements, the spectrum of the architect's services during each construction stage may be extensive (detailed document preparation and construction review) or less involved (such as allowing a contractor to exercise considerable design-build functions). Architects typically put projects to tender on behalf of their clients, advise them on the award of the project to a general contractor, facilitate and administer a contract of agreement which is often between the client and the contractor. This contract is legally binding and covers a wide range of aspects including the insurance and commitments of all stakeholders, the status of the design documents, provisions for the architect's access, and procedures for the control of the works as they proceed. Depending on the type of contract utilized, provisions for further sub-contract tenders may be required. The architect may require that some elements are covered by a warranty which specifies the expected life and other aspects of the material, product, or work. In most jurisdictions, prior notification to the relevant authority must be given before commencement of the project, giving the local authority notice to carry out independent inspections. The architect will then review and inspect the progress of the work in coordination with the local authority. The architect will typically review contractor shop drawings and other submittals, prepare and issue site instructions, and provide Certificates for Payment to the contractor (see also Design-bid-build) which is based on the work done as well as any materials and other goods purchased or hired in the future. In the United Kingdom and other countries, a quantity surveyor is often part of the team to provide cost consulting. With large, complex projects, an independent construction manager is sometimes hired to assist in the design and management of the construction. In many jurisdictions, mandatory certification or assurance of the completed work or part of works, is required. This demand for certification entails a high degree of risk; therefore, regular inspections of the work as it progresses on site is required to ensure that the design is in compliance itself as well as following all relevant statutes and permissions.
His guest today must have made the most outrageous prediction⦠for the next 2 years. And Bill completely lost it and could have even dismissed him from the interview⦠Until he remembered who he was talking to⦠His guest is a researcher, futurist, investment analyst, a New York Times bestselling financial author and former portfolio manager. He predicted the dot-com collapse... the rise of digital and medical technology⦠Alternate practice and specializations[edit] Recent decades have seen the rise of specializations within the profession. Many architects and architectural firms focus on certain project types (e.g. healthcare, retail, public housing, and event management), technological expertise, or project delivery methods. Some architects specialize in building code, building envelope, sustainable design, technical writing, historic preservation(US) or conservation (UK), and accessibility. Many architects elect to move into real estate (property) development, corporate facilities planning, project management, construction management, chief sustainability officers interior design, city planning, user experience design, and design research. Professional requirements Main article: Professional requirements for architects See also: Architectural engineering § Architect Although there are variations in each location, most of the world's architects are required to register with the appropriate jurisdiction. Architects are typically required to meet three common requirements: education, experience, and examination. Basic educational requirement generally consist of a university degree in architecture. The experience requirement for degree candidates is usually satisfied by a practicum or internship (usually two to three years). Finally, a Registration Examination or a series of exams is required prior to licensure. Professionals who engaged in the design and supervision of construction projects prior to the late 19th century were not necessarily trained in a separate architecture program in an academic setting. Instead, they often trained under established architects. Prior to modern times, there was no distinction between architects and engineers and the title used varied depending on geographical location. They often carried the title of master builder or surveyor[citation needed] after serving a number of years as an apprentice (such as Sir Christopher Wren). The formal study of architecture in academic institutions played a pivotal role in the development of the profession as a whole, serving as a focal point for advances in architectural technology and theory. The use of "Architect" or abbreviations such as "Ar." as a title attached to a person's name was regulated by law in some countries. Fees[edit] Architects' fee structure was typically based on a percentage of construction value, as a rate per unit area of the proposed construction, hourly rates, or a fixed lump sum fee. Combination of these structures was also common. Fixed fees were usually based on a project's allocated construction cost and could range between 4 and 12% of new construction cost for commercial and institutional projects, depending on a project's size and complexity. Residential projects ranged from 12 to 20%. Renovation projects typically commanded higher percentages such as 15-20%. Overall billings for architectural firms range widely, depending on their location and economic climate. Billings have traditionally been dependent on the local economic conditions, but with rapid globalization, this is becoming less of a factor for large international firms. Salaries could also vary depending on experience, position within the firm (i.e. staff architect, partner, or shareholder, etc.), and the size and location of the firm.
The housing crisis and the 10-year bull market that followed⦠He nailed all of those. And along the way heâs even helped Bill make a lot of money. Bill has voluntarily made this extraordinary video public so everyone can see it for themselves⦠Viewer discretion is advised⦠[video fragment](
Prizes, awards[edit] Main article: List of architecture prizes Ceremony for the 2019 Aga Khan Award for Architecture, presenting the award for the Arcadia Education Centre A wide variety of prizes is awarded by national professional associations and other bodies, recognizing accomplished architects, their buildings, structures, and professional careers. The most lucrative award an architect can receive is the Pritzker Prize, sometimes termed the "Nobel Prize for architecture." The inaugural Pritzker Prize winner was Philip Johnson who was cited "for 50 years of imagination and vitality embodied in a myriad of museums, theatres libraries, houses gardens and corporate structure". The Pritzker Prize has been awarded for forty-two straight editions without interruption, and there are now 22 countries with at least one winning architect. Other prestigious architectural awards are the Royal Gold Medal, the AIA Gold Medal (USA), AIA Gold Medal (Australia), and the Praemium Imperiale.[22] Architects in the UK, who have made contributions to the profession through design excellence or architectural education, or have in some other way advanced the profession, might until 1971 be elected Fellows of the Royal Institute of British Architects and can write FRIBA after their name if they feel so inclined. Those elected to chartered membership of the RIBA after 1971 may use the initials RIBA but cannot use the old ARIBA and FRIBA. An Honorary Fellow may use the initials, Hon. FRIBA. and an International Fellow may use the initials Int. FRIBA. Architects in the US, who have made contributions to the profession through design excellence or architectural education, or have in some other way advanced the profession, are elected Fellows of the American Institute of Architects and can write FAIA after their name. Architects in Canada, who have made outstanding contributions to the profession through contribution to research, scholarship, public service, or professional standing to the good of architecture in Canada, or elsewhere, may be recognized as a Fellow of the Royal Architectural Institute of Canada and can write FRAIC after their name. In Hong Kong, those elected to chartered membership may use the initial HKIA, and those who have made a special contribution after nomination and election by The Hong Kong Institute of Architects (HKIA), may be elected as fellow members of HKIA and may use FHKIA after their name. Architects in the Philippines and Filipino communities overseas (whether they are Filipinos or not), especially those who also profess other jobs at the same time, are addressed and introduced as Architect, rather than Sir/Madam in speech or Mr./Mrs./Ms. (G./Gng./Bb. in Filipino) before surnames. That word is used either in itself or before the given name or surname. [--------------] [Income Investing Insider]( Weâre reaching out to you because you showed an interest in the Financial industry by subscribing to our email list through one of our sign-up forms. [Privacy Policy]( | [Terms & Conditions]( This ad is sent on behalf of The Oxford Club, LLC. 105 W Monument St, Baltimore, MD 21201. If you would like to optout from receiving offers from The Oxford Club, LLC please [click here](. This offer is brought to you by Income Investing Insider. 221 W 9th St # Wilmington, DE 19801. If you would like to unsubscribe from receiving offers brought to you by Income Investing Insider [click here](. Email sent by Finance and Investing Traffic, LLC, owner and operator of Income Investing Insider Do you have any questions or concerns? Our support team is always here to help you out! Feel free to [connect with us](mailto:support@incomeinvestinginsider.com) anytime you need assistance. If you have any security-related questions, please donât hesitate to email us at abuse@incomeinvestinginsider.com. Make sure youâre always in the know about the latest updates and trends in finance and investing by [adding us to your email whitelist](. All rights reserved. Copyright © 2023 by Income Investing Insider[.]( [Unsubscribe]( [Income Investing Insider](