CMCA PRACTICE EXAM QUESTIONS WITH 100 % CORRECT ANSWERS

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. - 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. - D 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. - A 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 - D For which project would a board most likely want to use a consultant to help develop bid specifications? A.Landscape renovation projectB. Repairing and/or replacing roofs C. Painting the interior of lobbies and hallways D. Repairing HVAC and boilers - B 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 - 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 - C Alternative dispute resolution includes which of the following methods? A. Mediation B. Subrogation C.Litigation D.Indemnification - A