CMCA PRACTICE EXAM QUESTIONS AND
ANSWERS 100% PASS 2023
preparing a bid request includes which of the following:
- Verifying References.
- Identifying potential contractors.
- Recommending a contractor to the board.
- Verifying contractor insurance. - Correct Answer B
- A subcontractor is used.
- A performance bond is required.
- There is a budgetary shortfall.
- The board has questions or concerns. - Correct Answer D
- Attach the bid specifications.
- Call each contractor to describe the job.
- Be on-site to oversee project content.
- Suggest the board meet the contractor to talk about the scope of work. - Correct Answer A
- Time and materials
- Specific repair
- Preventative maintenance - Correct Answer D
Legal review prior to executing a contract will assist the association in the event that:
Rather than describing the scope of work in detail in the contract, a manager may:
In older condominiums, an association should have what type of contract covering mechanical equipment?
C.Service
For which project would a board most likely want to use a consultant to help develop bid specifications?A.Landscape renovation project 1 / 2
- Repairing and/or replacing roofs
- Painting the interior of lobbies and hallways
- Repairing HVAC and boilers - Correct Answer B
- Repair of the HVAC system
- Repair of the pool pump
- Annual tree pruning - Correct Answer B
In what type of contract would a waiver of lien be recommended?
B.Re-roofing the buildings
In terms of compensation , a contract should state:
- Who provides insurance coverage
- Each employees rate to perform work
- When and on what terms payment(s) will be made
- Requirement for a payment bond - Correct Answer C
- Mediation
- Subrogation
Alternative dispute resolution includes which of the following methods?
C.Litigation D.Indemnification - Correct Answer A
Employment contracts need not included:
A.Legal Sources B.Interests C.Termination D.Notice - Correct Answer B
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