Maintenance and Construction Chapter 8 Flashcards

Questions and Answers

Who should be responsible for the hiring and firing of maintenance personnel?

Property manager

What might a property manager consider to command premium rental rates?

Reasonable expenditures for services and maintenance

What is the aim of preventive maintenance?

Eliminating corrective maintenance cost

What does the addition of a sauna to a multi-tenant development represent?

New construction Signup and view all the answers

What is the term for loss of building value due to postponed repairs?

Deferred maintenance Signup and view all the answers

What is the most critical factor when deciding whether to hire on-site maintenance personnel or contract services?

The relative cost of each Signup and view all the answers

What should be considered when hiring outside services regularly?

Whether the cost of the contract service is greater than the cost of using in-house personnel Signup and view all the answers

What is the first decision a property manager must make when contracting for construction?

Decide whether to act as a general contractor or to hire a prime contractor Signup and view all the answers

What is true of a negotiated contract?

The estimate of cost should be the end result of collaboration among various suppliers and subcontractors Signup and view all the answers

What is a type of construction that proceeds as plans are being drawn called?

Fast track Signup and view all the answers

What does a contract for construction typically state?

A percentage of the fee will be held back until all work has been completed Signup and view all the answers

What is the first step in designing a preventive maintenance program?

Make a complete inventory of all equipment Signup and view all the answers

What is most important in determining the property manager's effectiveness as a maintenance administrator?

The thoroughness of routine inspection and the manager's ability to pinpoint and correct emissions of the maintenance team Signup and view all the answers

When the term retrofit is used in connection with energy management, what does it encompass?

Replacing or upgrading heating and air conditioning equipment Signup and view all the answers

Where can the greatest savings come from in energy management systems?

Measures that are simple and cause little or nothing Signup and view all the answers

What does life cycle costing consider?

Both initial and operating costs over the useful life of equipment Signup and view all the answers

How are computers used in maintenance applications?

Useful in monitoring, scheduling, controlling, and operating functions Signup and view all the answers

What type of building is made up of non-specialized interior space?

Loft Signup and view all the answers

Which management situations would most likely have to comply with ADA, except for which?

Single Family Dwelling Signup and view all the answers

What protects the owner from a contractor who goes out of business before finishing the contract?

Performance bond Signup and view all the answers

Study Notes

Maintenance Personnel and Management

The hiring and firing of maintenance personnel is a responsibility of property managers.
To achieve premium rental rates, property managers must maintain reasonable expenditures for services and maintenance.

Preventive Maintenance

The goal of preventive maintenance is to eliminate costs associated with corrective maintenance.
The initial step in establishing a preventive maintenance program is to conduct a complete inventory of all equipment.

Construction Considerations

Adding amenities like a sauna in a multi-tenant development qualifies as new construction.
When contracting for construction, property managers must decide between acting as a general contractor or hiring a prime contractor.

Maintenance Cost Factors

Deferred maintenance refers to the loss in building value due to postponed repairs.
The decision to hire on-site maintenance personnel versus contracting out depends on the relative costs of each option.

Contracting and Financial Aspects

Regular outsourcing of services requires consideration of whether the contract cost exceeds using in-house personnel.
Negotiated contracts involve collaboration among suppliers and subcontractors to establish final cost estimates.
Performance bonds protect owners if a contractor fails to complete projects.

Energy Management and Efficiency

Retrofits for energy management primarily focus on replacing or upgrading heating and air-conditioning systems.
Simple energy management system measures often yield substantial savings with minimal investment.

Building Types and Usage

A 'loft' is defined as a building with non-specialized interior spaces.
Computers play a significant role in maintenance applications by aiding in monitoring, scheduling, control, and operational functions.

Regulatory Compliance

Properties affected by the Americans with Disabilities Act (ADA) include most management situations except single-family dwellings.

Financial Assessment

Life cycle costing takes into account both initial and operation costs over the equipment's useful life.
Construction contracts generally stipulate that a percentage of the fee will be withheld until all work is complete.

Maintenance Manager Effectiveness

A maintenance administrator's effectiveness is primarily determined by the thoroughness of routine inspections and the ability to identify and rectify maintenance team oversights.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Test your knowledge on the key concepts from Chapter 8 about Maintenance and Construction. These flashcards cover important terms and definitions related to property management, maintenance strategies, and operational costs. Perfect for students and professionals looking to strengthen their understanding in this field.