BCS’s engineers and architects are well versed in all aspects of construction methods and materials. We provide building evaluations and detailed facility inspections for owners and purchasers of buildings and supporting infrastructure. Deliverables typically include an inspection report summarizing the condition and estimated remaining life of each major building component and system, and repair list for each deficiency. Cost estimates for repairs and future replacements are typically included.
Transition Defects Studies/Reserve Studies
BCS, Inc. is a subcontractor to Miller Dodson Associates to conduct reserve studies and transition defects studies for various home owner and condominium associations throughout VA, MD, DC, NC, SC, FL, and GA. BCS personnel have performed hundreds of studies over the past 10 years. A description of the services provided is as follows:
Transition Defects Studies identify defects and potential defects in the common elements of the community that should be addressed during transition from Developer to Association control.
Items that are classified as “defects” have safety or code compliance issues; were constructed below industry standards; restrict the normal use of all or part of the structure; or requires repair, renovation or replacement. BCS Engineers thoroughly review the drawings, inspect the buildings and site improvements, and annotate differences in installed vs. specified products, and deficiencies in the workmanship or material installed.
Reserve Studies (BCS performs Reserve Studies as a subcontractor through Miller Dodson Associates) address the required funding for capital replacement expenditures, and are conducted using the following methodology:
- Meet with the property management company and on-site facilities management personnel to discuss the current operations and financial situation. Collect available information such as capital improvements and major repairs/replacements, preventive maintenance procedures, special engineering reports, and contact information.
- Contact maintenance companies for major equipment and conveyance systems and discuss the history of repairs and replacements for the equipment and systems.
- Conduct on-site surveys to assess the condition of all components and systems.
- Prepare a detailed narrative report describing the condition of all components, and use a software system to calculate financial models based on information collected and inputted by the Analyst.
- If the optional Repair List is desired, inspect all components and systems for deficiencies and recommend repair or replacement as required, including estimated cost.
The Reserve Study deliverable includes the following elements:
The Report contains a summary of the financial data calculated by the Replacement Reserve Analysis, a general description of the community, a summary of the conditions observed during the site evaluation, and information about the Replacement Reserve Inventory. Photographs of major components and noted deficiencies are incorporated into the report.
Replacement Reserve Analysis
The Analysis is a tabular and graphical presentation of the recommended Reserve Funding, calculated by standard funding methodologies. The Analysis establishes an annual contribution to reserves that is determined based on the age, condition, and replacement cost of the individual components. The Report includes a calendar visual showing forecasted replacements over the life of the facility.
Replacement Reserve Inventory
The Inventory lists the common components of the community evaluated by the Analyst and includes estimated replacement costs, normal economic life, and the remaining economic life for each component evaluated.