Establishes requirements that provide a measurement for practices that can be utilized by all sizes and types of Association Management Companies (AMCs) in order to enhance the performance of the AMC and their staff. This Standard establishes requirements that each individual AMC will use to create their own measurables for compliance to this Standard. This Standard is intended to create a message that communicates to the AMC's present and prospective clients and the marketplace that the AMC has demonstrated the commitment and the ability to deliver service to its clients through conformance to this Standard. Covers the following areas: ú Client Contract Review Procedures and Requirements ú Servicing the Client and Service Delivery Procedures ú Project (Service) Completion, Reviews, and Post Contractual Procedures ú Financial Management and Internal Controls ú Insurance Coverage ú Employee Recruitment and Selection ú Employee Training and Professional Development Procedures ú Subcontracting and Purchasing Requirements ú Record Keeping Requirements ú Internal and External Audit Requirements