Property Management
A NC commercial property manager should always obtain 'competitive bids' for major repair projects exceeding a specified threshold because:
AState law requires 3 bids for all repairs
BIt protects the owner's interest by ensuring competitive pricing and reducing the risk of bid-rigging or vendor favoritism✓ Correct
CIt delays maintenance unnecessarily
DIt is required by the NCREC
Explanation
Obtaining competitive bids for major projects protects the owner from overpaying, potential conflicts of interest, and demonstrates the property manager's fiduciary duty of loyalty.
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