Developer Transition Study
Movement from developer to board control of a common interest development is a critical step in the life of the future community. The present condition of the development's capital assets should have the highest priority. If there are conditions that need correction, now is the time to address them and not let them become perennial problems.The board needs to partner with a firm that can provide the technical expertise that will guide it through the process. Our Transition Study for a condominium or homeowner association provides a comprehensive engineering investigation of the quality of construction of the association's buildings and grounds. The incoming board and their attorney will use this professional engineering opinion to negotiate correction of those conditions that depart from accepted standards of the construction industry.
Your Developer Transition Study will typically include:
Review of all design drawings, specifications and public offering statements.Listing of all exceptions found during an inspection of the property.Specific recommended repair or replacement procedures for the exceptions.Cost estimates for correcting the exceptions with priorities. Narrative report detailing the methodology of the study that supports its conclusions.How the client benefits:
A specific agenda is available, prepared by a professional with recognized credentials,
that facilitates negotiations between developer and the board of directors / trustees. If trade-offs are suggested, the board has specific data including hard costs with which to negotiate. Aside from immediate benefits, the detailed inventory of components along with their performance characteristics is the first step in the preparation of a routine preventive maintenance program.
Since much of the data collected during a reserve study can be used in a transition study, many clients choose to have both done concurrently.
BA Burns Associates - Engineers
Consultants to the Condominium Community
Developer Transition Study
Transition Studies
For Condominiums and HOA
