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An inspection contingency is an addendum to a contract that gives buyers the right to have a professional house inspector or other third party examine the property within a certain period of time after the agreement to purchase has been signed.
â¢Competency is the ability of personnel to apply. their skill, knowledge, and experience to perform. their laboratory duties correctly. â¢Competency assessment is used to ensure that. the laboratory personnel are fulfilling their duties. as required by federal regulation. Centers for Medicare and Medicaid Services.