If your project financing includes banking with a commercial real estate lender, chances are your lender will require the services of a bank inspector. The borrower, though, give consideration to partnering in this requirement and hire an independent...
As a leader in a religious school, you understand the importance of nurturing not just the spirit and mind, but also the body. Athletic facilities play a crucial role in this holistic approach to education. However, undertaking such projects comes wi...
Can you confidently predict what the next 20 years of capital needs at your facility? Are you positioned to avoid catastrophic failures? Can you absorb the costs of surprise capital replacements? A firm grasp on long-term capital needs is crit...
Improve Building Efficiency and Performance – Building Envelope Systems The term “building envelope” refers to all of the elements of the outer shell of a building that maintain a dry, heated, and cooled indoor environment and facilitate...
Can you accurately estimate the useful life of your rooftop HVAC unit? How about your windows? Your roof? Chiller? Sanitary waste pipe? Asphalt parking lot? THE SHORT ANSWER IS YES. The Useful Life of an asset or a building component isn’t simply a m...
The annual budgeting process is a critical step in managing your facilities and strategic planning. Here are the questions that should be answered before finalizing your annual and 20-year budgets. Are you planning changes in services that may affec...
May 30, 2024
Reserve Study
When was the last time you took a hard look at the condition of your facility’s major systems and assets? Roofs, HVAC units, parking lots and other key components all have a limited usable lifespan. Ignoring that reality can lead to disastrous ...
Whether you are a member of your Homeowners Association’s board or are a property management professional tasked with revenue management, you know just how challenging it can be to manage a healthy and future looking reserve fund. Fortunately, an HOA...
A developer’s or owner’s construction budget should include an ample hard cost construction contingency. Accounting for hard costs is obvious to sophisticated owners, but the more difficult question is: “How much is enough?” To answer this questio...