C. A work order/response form - A, B, and D speak to elements OTHER than a control
to ensure maintenance work is completed. - - - - ✔✔Which of the following is a common
management control for ensuring maintenance work
...
C. A work order/response form - A, B, and D speak to elements OTHER than a control
to ensure maintenance work is completed. - - - - ✔✔Which of the following is a common
management control for ensuring maintenance work is performed in a timely manner?
A. A purchase order system
B. An equipment warranties
C. A work order/response form
D. A contractor's invoice
C. Maintenance responsibility chart along, with the governing documents, defines
parameters of association maintenance responsibility.
The other answers have no bearing on necessity of maintenance or maintenance
responsibility. - - - - ✔✔The primary management control tool for identifying whether the
association needs to maintain a particular property element is:
A. Physical inspections
B. Association bylaws
C. Maintenance responsibility chart
D. Community asset inventory
B. Re-roofing the buildings - Large contracts involving significant material purchase
and/or use of sub-contractors commonly include lien waivers and should be
recommended to the board.
A, C, and D typically do not include significant material purchases or the use of subcontractors so a waiver of lien is not necessary. - - - - ✔✔In what type of a contract
would a waiver of lien by recommended?
A. Repair of the HVAC system
B. Re-roofing the buildings
C. Repair of the pool pump
D. Annual tree pruning
B. Maintain certain limits of insurance - Co-insurance seeks to the limits of insurance in
place at the time of a loss and speaks to insurance obligation for the parties involved in
the claim.
Co-insurance does not obligate the Association to pay a deductible. Provides no
obligation to provide insurance for homeowners. - - - - ✔✔What does "Co-Insurance"
obligate the Association to do?A. Pay the deductible
B. Maintain certain limits of insurance
C. Cover the depreciated value of all association buildings
D. Provide insurance for homeowners
A. Negotiate contracts within the bidding process.
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