ANSWERS WITH EXPLANATIONS (VERIFIED ANSWERS) A NEW
UPDATED VERSION LATEST| GUARANTEED A+
1. Preparing a bid request includes which of the following: B
A. Verifying References.
B. Identifying potential contractors.
C. Recommending a contractor to the board.
D. Verifying contractor insurance.
2. Legal review prior to executing a contract will assist the D
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.
3. Rather than describing the scope of work in detail in the A
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.
4. In older condominiums, an association should have what D
type of contract covering mechanical equipment?
A. Time and materials
B. Specific repair
C.Service
D. Preventative maintenance
5. For which project would a board most likely want to use a B
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
6. In what type of contract would a waiver of lien be B
recommended?
A. Repair of the HVAC system
B.Re-roofing the buildings
C. Repair of the pool pump
D. Annual tree pruning
7. In terms of compensation , a contract should state: C
A. Who provides insurance coverage