Property Condition Assessments

VERTEX’s team of engineers provide clients with property condition assessment services for acquisition, management and disposition planning.

VERTEX utilizes the latest iteration of ASTM’s Baseline Property Condition Assessment Process (E2018) as a basis for our evaluations. Our estimated renovation costs are based on current market rates, enabling stakeholders to project reasonable budget figures when considering property values. VERTEX’s PCA reports exceed the requirements outlined by ASTM, and take the cost estimating and long-range budget forecasting a step further by including an additional Capital Needs estimate for longer-term evaluations.

 

Level I PCA

An individual engineer or another qualified professional with general experience in the evaluation of all building components typically conducts the field effort in a visual assessment that exceeds the requirements of ASTM E2018.

 

Level II PCA

This assessment includes a Level I PCA, with specific items of concern investigated in more detail by one or more specialists in the respective fields (mechanical engineer, roofing consultant, etc.).

 

Level III PCA

This assessment includes a Level I PCA, with specific items of concern investigated in more detail by a team of specialists, including specialty subcontractors where warranted and the operation and testing of individual systems or components where warranted and approved. These more detailed assessments may include evaluation and test data, sampling or operation of equipment.

 

Existing Condition Surveys

VERTEX can provide general or detailed descriptions of the existing condition including photographic and video documentation of observed deficiencies. These baseline surveys are often utilized by owners or tenants to determine existing conditions at the time of tenant first occupancy. Condition surveys are also utilized in the construction industry to provide baseline conditions prior to construction activities, including drilling and blasting, pile driving or other vibration inducing procedures.

 

Building Measurement Services

VERTEX’s building measurement services include verification of building dimensions and calculated square footage to confirm or deny reported floor areas utilizing recognized Building Owners and Managers Association (BOMA) standards.

 

Energy Savings Investigations

As a supplement to our PCA visit, or as a stand-alone service, VERTEX professionals can evaluate a building’s potential for Energy Savings. A review of utility usage, coupled with a detailed site walk, results in recommended actions for building improvement for both low/no-cost opportunities and longer-term capital intensive projects.

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