Strata Management Licensing Practice Exam · Question
When procuring services for significant common property maintenance (e.g., roof replacement), what is best practice for a strata council?
Best practice involves a fair and transparent procurement process, typically requesting multiple bids from qualified contractors to ensure value for money and r
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Question: When procuring services for significant common property maintenance (e.g., roof replacement), what is best practice for a strata council?
Answer options:
- Award the contract to the first contractor who responds. ✅ Engage in a competitive bidding process by requesting proposals from multiple qualified contractors.
- Assign the work to a council member's relative to save money.
- Select a contractor based solely on the lowest estimated price.
Correct answer: Engage in a competitive bidding process by requesting proposals from multiple qualified contractors.
Explanation: Best practice involves a fair and transparent procurement process, typically requesting multiple bids from qualified contractors to ensure value for money and reduce potential for conflict of interest.
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