COMPLETE SOLUTIONS VERIFIED LATEST UPDATE 2026/2027
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.
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.
,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.
In older condominiums, an
association should have what type
D of contract covering mechanical
equipment?
A. Time and materials
B. Specific
repair
C.Service
D. Preventative maintenance
,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
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
In terms of compensation , a contract should state: C
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
Alternative dispute resolution
includes which of the following
A methods?
A. Mediation
B.
Subrogation
C.Litigation
D.Indemnification
Employment contracts need not
included:
B A.Legal Sources
B.Interests
C.Terminatio
n D.Notice
What is the best way to
communicate managements