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 ...
Window installation is an important component of construction that demands careful attention to ensure both the durability and energy efficiency of the building. Fine Homebuilding Magazine features an issue titled “Window Installation Done Right.” Th...
When asked about budgeting practices, surprisingly most managers report they typically develop only 1-year budgets, approximately 20-30 percent do 5-year budgets and less than 10 percent do 20-year budgets. The most common reasons quoted are: “We...
Physical space is critically important to the people living and working there. Across sectors like healthcare, education, religious institutions, and housing services, the built environment plays a dual role – ensuring safe service delivery to ...
March 3, 2022
Uncategorized
In this blog post… What is a Property Condition Assessment Report (PCA)?What does a PCA entail?Transition Report & Reserve Study vs. The Property Condition Assessment ReportWhat Types of Additional Property Reports Are Available?Property...
Being involved in a large-scale construction project can be incredibly exciting and has the potential to translate into major profits for all parties involved. However, it is essential that you closely monitor and oversee the project in order to prot...
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...