A condo reserve fund study involves a physical inspection of depreciating assets like the roof, building envelope, and Mechanical and electrical systems. Once inspected, a reserve fund report is prepared to outline all the findings. Based on the study, a reserve fund report is generated, which outlines how much money is needed to top up […]

1.Communicate Goals Clearly Successful construction management requires clear  communication of project goals among all team members. Clearly communicating the  project goal and vision ensure that the entire team is on the same board and well equipped to assist the company’s goals. Keeping everyone properly informed about the  project goal makes the project team much more […]

Intro to Phase I Phase II and Phase III ESA  While purchasing, financing, or renovating a commercial, industrial or multi-unit residential property environmental site assessment will likely be required by your lender. It is important to note that environmental site assessment or preliminary site investigations are a crucial part of your due diligence process. It […]

Chances are you were thinking about purchasing or rezoning a property, and you were required  to conduct a Phase I ESA. If you have no idea what a Phase I ESA is, it is used as a tool to ensure  due diligence before you purchase a property and can prevent a bad investment. An ESA […]

Building Condition Assessment (BCA), otherwise known as Property Condition Assessment (PCA), is usually performed on commercial buildings. The process includes a non-intrusive inspection of the state of the property based on its structure and systems. Building Condition Assessments are usually required when purchasing or selling commercial real estate or even residential properties such as multi-unit buildings. Typically, […]

Quantity Surveyors are responsible for the financial, contractual, and commercial management of a construction project both before and during the construction process. The duties of a Professional Quantity Surveyor may differ depending on the size and type of the project. The successful accomplishment of a project mainly depends on the proper utilization of capital and time. A […]

The purpose of the Property Condition Assessment PCA, popularly called Building Condition Assessment (BCA), is to observe and report, to the extent feasible, on the physical condition of the subject property. The standard guide is ASTM_2018-15 is Baseline Property Condition Assessment. The PCA should have four components: Documentation Review and Interviews Walk-Through Survey Preparation of […]

Suppose you are a commercial property owner looking to buy or sell your property. Before finalizing your contract, a Phase I Environmental Site Assessment is strongly recommended if it wasn’t already made a requirement from the bank handling your primary financial transactions. A Phase I ESA is likely the cheapest form of due diligence and […]

As a property investor, determining the type of commercial/industrial building best suited for your business is already a challenging task. Various criteria must be taken into account while picking the property of your choice. The most important one is choosing a lot that fits your business needs the most as it is volatile to the […]

Generally speaking, contamination occurs when years of improper industrial activities have taken place on-site. This could be from unsuitable waste disposal methods or even pollution from agricultural activities. Soil contamination can also occur with the presence of underground storage tanks that leak. If the subject site had a landfill in the past, it also concerns […]