Property Condition Assessments

Bock & Clark is experienced in conducting Property Condition Assessments on all types of commercial properties. The PCA, sometimes referred to as a Property Condition Report (PCR), is designed to assess the physical condition of a property by conducting a limited walk-through survey in compliance with ASTM E2018-15 Standards Guide for Property Condition Assessments: Baseline Property Condition Assessment Process.

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What is included in a Property Condition Report?

The Field Observer preparing the report will note any material physical deficiencies or deferred maintenance for the following:

  • Site improvements
  • Structural framing and building envelope
  • Facades
  • Roofs
  • Mechanical/Plumbing/Electrical
  • Elevators
  • Life safety/fire protection
  • Interior elements
  • ADA compliance

The report will identify deferred maintenance and categorize these issues, based on severity into either “Immediate Needs” or “Short Term Costs”.  A Replacement Reserve Table is also included in the scope of a PCA.  The Replacement Reserve will typically estimate the building’s capital replacement schedule over the designated evaluation period.