Due Diligence Property Condition Assessments | ASTM E-2018 | Residential-Commercial-Industrial-Retail-Lodging Property Inspections

ASTM E-2018 Baseline Due Diligence Assessments/Reports

The ASTM E-2018 Standards present guidelines for performing a baseline (PCA) commercial property assessment and completing a (PCR) property condition report.

The (PCA) Property Condition Assessment is to observe and report, to the extent feasible on the physical condition of the subject property and consists of:

Documentation Review and Interviews
Walk-Through Survey
Preparations of Opinions of Probable Costs to Remedy Physical Deficiencies ($3,000 or greater per incident or an aggregate of $10,000 or more per building)
Property Condition Report

Property condition assessments use the baseline property condition assessment process as outlined in the ASTM E-2018 standards and our fees are quoted accordingly. Request a Quote

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".

"This specifically excludes deficiencies that may be remedied with routine maintenance, miscellaneous minor repairs, normal operating maintenance, etc and excludes de minimis conditions that generally do not present material physical deficiencies". These items are included in our Commercial Property Inspection Services.

NOTE: ASTM Standards state the following regarding deviations from this 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 than this guide, and that may be appropriate to meet the objective or 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 type. These deviations would be mutually agreed upon and clearly stated in the engagement documents and final report.

These deviations 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 minimum cost threshold for reporting.

Industrial Buildings, Warehouses, Manufacturing Facilities
Storefronts, Malls, Hotels-Motels and other Lodging
Apartment Buildings & Office Buildings

Commercial & Industrial Property Inspection Services Include:

Investor's Due Diligence Property Condition Assessment
Acquisition Inspections/Due Diligence Assessments
Net Lease Inspections
Loan Origination Inspections
Capital Improvement Confirmation
Annual Servicing Inspections
Portfolio Reviews
Customized Services per Clients Specification

Available in Illinois, Indiana, Iowa, Michigan, Minnesota
Missouri, Ohio and Wisconsin Since 1987

Same day quotes available on most projects.
Chicago Sales Office 800.540.1400

Additional Information - Request a Quote

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