Resource Info – Commercial Inspections

All of our property condition assessments use the baseline property condition assessment process as outlined in the ASTM E-2018 standards.   The assessment includes physical deficiencies defined as “the presence of conspicuous defects or material deferred maintenance of a subject property’s material systems, components or equipment observed during the field observer’s walk-through survey. The stands “specifically excludes deficiencies that may be remedied with routine maintenance, miscellaneous minor repairs, normal operating maintenance, etc and excludes minimis conditions that generally do not present material physical deficiencies”.   NOTE: The ASTM standards state the following regarding deviations form the standard: “This guide also recognizes that there are varying levels of property condition assessment and due diligence that can be exercised that are both more and less comprehensive that this guide, and that may be appropriate to meet the objective of the user. Users should consider their requirements, the purpose that the PCA is to serve, and their risk tolerance level before selecting the consultant and the level of due diligence to be exercised by the consultant”. This provision allows you to specify deviations that meet your individual needs and building typ. These deviations would be mutually agreed upon and clearly stated in the engagement documents and final report. These deviation may reduce the scope of the assessment due to financial and/or time constraints or exceed the assessment standards and include dismantling and operation of readily accessible key systems like HVAC, maintenance suggestions, long term replacement schedules and cost to remedy defects with no […]