QUESTIONS AND WELL
VETRIFIED ANSWERS[GRADED
A+] ACTUAL EXAM 100%
Preparing a bid request includes which of the following:
A. Verifying References.
B. Identifying potential contractors.
C. Recommending a contractor to the board.
D. Verifying contractor insurance. - ANS✔✔--B
Legal review prior to executing a contract will assist the association in
the event that:
,A. A subcontractor is used.
B. A performance bond is required.
C. There is a budgetary shortfall.
D. The board has questions or concerns. - ANS✔✔--D
In older condominiums, an association should have what type of
contract covering mechanical equipment?
A. Time and materials
B. Specific repair
C.Service
D. Preventative maintenance - ANS✔✔--D
For which project would a board most likely want to use a consultant to
help develop bid specifications?
A.Landscape renovation project
B. Repairing and/or replacing roofs
C. Painting the interior of lobbies and hallways
D. Repairing HVAC and boilers - ANS✔✔--B
Rather than describing the scope of work in detail in the contract, a
manager may:
, A. Attach the bid specifications.
B. Call each contractor to describe the job.
C. Be on-site to oversee project content.
D. Suggest the board meet the contractor to talk about the scope of
work. - ANS✔✔--A
In what type of contract would a waiver of lien be recommended?
A. Repair of the HVAC system
B.Re-roofing the buildings
C. Repair of the pool pump
D. Annual tree pruning - ANS✔✔--B
In terms of compensation , a contract should state:
A. Who provides insurance coverage
B. Each employees rate to perform work
C. When and on what terms payment(s) will be made
D. Requirement for a payment bond - ANS✔✔--C
Employment contracts need not included:
A.Legal Sources