CMCA CORRECT STUDYS ANSWERS AND QUESTIONS
SET A+
✔✔Reserve Replacement - ✔✔This consists of replacing physical assets as they wear
out or break.
✔✔Maintenance Calendar - ✔✔This is a calendar or schedule that identifies what
needs to be done during the year, and how frequently.
✔✔Maintenance Record - ✔✔While the calendar tells you when maintenance ought the
be done, the record tells when it actually was done.
✔✔Site Visit Checklist - ✔✔Documents your current maintenance standards and helps
you identify potential problems.
✔✔Site Visit Report - ✔✔Is a compilation of all the maintenance needs identified during
a site visit. Use it to: assign maintenance tasks to your staff or contractors, budget for
maintenance needs, identify any preventive maintenance that needs to be done,
determine when on-site staff or independent contractors are not properly performing
work on time, and demonstrate to the board that you are visiting the property and
copying with contractual obligations.
✔✔Work Order/Response Form - ✔✔Is a form for assigning work to be done in any of
the types of maintenance programs described earlier. With some planning, it can be
used: to document owner and tenant requests, to assign maintenance tasks to both
maintenance staff and contractors, showing owners items were completed, and as a
basis for allocating changes.
✔✔Analysis Sheet - ✔✔
✔✔Inventory - ✔✔
✔✔Contract - ✔✔Is an agreement between two or more parties, enforceable by law,
and by which each party promises to do, or not to do, something.
, ✔✔Request for Proposals - ✔✔Is an announcement that an organization is interested in
receiving proposals for a particular project.
✔✔Bid Specifications - ✔✔Detailed instructions about the products or services
requested.
✔✔Warranty - ✔✔Is a promise or guarantee that parts, materials, or labor will last for a
designated period of time.
✔✔Prospective Bidder's Questionnaire - ✔✔Also known as qualification sheet. This is a
document that asks for certain types of information to determine if the bidder is
technically and financially qualified to handle a job of this scope.
✔✔Qualifications Sheet - ✔✔Also known as prospective bidder's questionnaire. This is
a document that asks for certain types of information to determine if the bidder is
technically and financially qualified to handle a job of this scope.
✔✔Progress Payments - ✔✔These are partial payments based on some demonstrable
progress in completing the work involved.
✔✔Certificates of Insurance - ✔✔The contract should require the contractor to provide
the community association which original types of this which prove that it has coverage
before work begins
✔✔Default - ✔✔Failure of either party to fulfill the terms of the contract.
✔✔Performance Bond - ✔✔This is a guarantee by a surety (a third party) to protect the
community association if the contractor fails to perform or finish the work. Because
there is a cost to the community association involved, this typically is used with certain
large projects.
✔✔Payment Bond - ✔✔This usually comes in a package with the performance bond.
The surety guarantees that the contractor's suppliers and any subcontractors will be
paid if the contractor does not pay them - to protect the association from having a
mechanic's lien placed against them.
✔✔Waiver of Lien - ✔✔This is a document which gives up the right to make a claim
against the community association for payments not received.
✔✔Assignability Provision - ✔✔This provision states that neither party may assign its
obligations under the contract to any other person without the express written consent
of the other party.
SET A+
✔✔Reserve Replacement - ✔✔This consists of replacing physical assets as they wear
out or break.
✔✔Maintenance Calendar - ✔✔This is a calendar or schedule that identifies what
needs to be done during the year, and how frequently.
✔✔Maintenance Record - ✔✔While the calendar tells you when maintenance ought the
be done, the record tells when it actually was done.
✔✔Site Visit Checklist - ✔✔Documents your current maintenance standards and helps
you identify potential problems.
✔✔Site Visit Report - ✔✔Is a compilation of all the maintenance needs identified during
a site visit. Use it to: assign maintenance tasks to your staff or contractors, budget for
maintenance needs, identify any preventive maintenance that needs to be done,
determine when on-site staff or independent contractors are not properly performing
work on time, and demonstrate to the board that you are visiting the property and
copying with contractual obligations.
✔✔Work Order/Response Form - ✔✔Is a form for assigning work to be done in any of
the types of maintenance programs described earlier. With some planning, it can be
used: to document owner and tenant requests, to assign maintenance tasks to both
maintenance staff and contractors, showing owners items were completed, and as a
basis for allocating changes.
✔✔Analysis Sheet - ✔✔
✔✔Inventory - ✔✔
✔✔Contract - ✔✔Is an agreement between two or more parties, enforceable by law,
and by which each party promises to do, or not to do, something.
, ✔✔Request for Proposals - ✔✔Is an announcement that an organization is interested in
receiving proposals for a particular project.
✔✔Bid Specifications - ✔✔Detailed instructions about the products or services
requested.
✔✔Warranty - ✔✔Is a promise or guarantee that parts, materials, or labor will last for a
designated period of time.
✔✔Prospective Bidder's Questionnaire - ✔✔Also known as qualification sheet. This is a
document that asks for certain types of information to determine if the bidder is
technically and financially qualified to handle a job of this scope.
✔✔Qualifications Sheet - ✔✔Also known as prospective bidder's questionnaire. This is
a document that asks for certain types of information to determine if the bidder is
technically and financially qualified to handle a job of this scope.
✔✔Progress Payments - ✔✔These are partial payments based on some demonstrable
progress in completing the work involved.
✔✔Certificates of Insurance - ✔✔The contract should require the contractor to provide
the community association which original types of this which prove that it has coverage
before work begins
✔✔Default - ✔✔Failure of either party to fulfill the terms of the contract.
✔✔Performance Bond - ✔✔This is a guarantee by a surety (a third party) to protect the
community association if the contractor fails to perform or finish the work. Because
there is a cost to the community association involved, this typically is used with certain
large projects.
✔✔Payment Bond - ✔✔This usually comes in a package with the performance bond.
The surety guarantees that the contractor's suppliers and any subcontractors will be
paid if the contractor does not pay them - to protect the association from having a
mechanic's lien placed against them.
✔✔Waiver of Lien - ✔✔This is a document which gives up the right to make a claim
against the community association for payments not received.
✔✔Assignability Provision - ✔✔This provision states that neither party may assign its
obligations under the contract to any other person without the express written consent
of the other party.
