What you need to know about Building Condition Assessments (BCA) What is a BCA?

Its an inspection and evaluation of the condition of your facility). Magnum Property Inspection BCAs are completed in general conformance with the American Society for Testing and Materials (ASTM) Practice E2018 01, Standard Guide for Property Condition Assessments: Baseline Property Condition Assessments Process. Our Building Conditions Assessment includes the following:
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Structure Electrical Heating and Cooling Plumbing Building Interior Roofing Building Exterior, and Site Work

Additional assessments, if requested, include:

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Fire and Life Safety Components Elevator Systems, and Environmental Site Assessments

Inspection of building envelope (roof, parpet walls, window systems, doors), interior finishes, electrical/mechanical systems and accessible structural components Assessment of fire/life safety and exterior site features (i.e., walkways,roadways, parking, landscaping, etc.) Written and photographic documentation of each component together with observed deficiencies Review of general documentation on repair/maintenance history of the elements, if available Cursory review of drawings and/or previous reports pertaining to the building, if available

Interviews and discussions with on-site staff regarding repairs/maintenance conducted on the building Compilation of our findings in a digital report including pictures observed deficiencies, together with a list of recommendations for repair/replacement with associated estimated costs Why should I have a BCA? BCAs are done at the time of building purchase, or for due diligence, risk management, or to support re-financing. BCAs are also performed for asset management purposes or renewal planning. A BCA can also be a useful and cost-effective tool when youre concerned about occupant health, safety and comfort, or about escalating and frequent repair bills on the facility, or concern about code compliance. A BCA performed by Magnum Property Inspection can provide you with a customized maintenance strategy that will maximize the life of the buildings systems, and give you a cost-efficient replacement program designed to fit your financial concerns and goals. A BCA is a smart way to extend building life and reduce repair and maintenance costs. Property Condition Assessments (PCAs) are classified as engineering due diligence projects associated with commercial real estate. Effectively they are more detailed versions of home inspections and have similar (and additionalsee below) value propositions. Oftentimes they are done as part of a property transfer and are done along with a Phase I Environmental Site Assessment They are done in both equity and debt markets. On the equity side these reports primarily have value to the purchaser in that they can understand the issues and the potential costs associated with owning a property. The Property Condition Report (PCR) would be used in these cases to negotiate the purchase price much like a home inspection. These reports tend to be very detailed, may require a number of specialists to evaluate the various building systems (e.g. HVAC, Elevators) and can cost $20,000 to $100,000 or even more. In debt markets, the reports have the value of letting the lender know that the borrower will likely have sufficient cash flow to operate, maintain and update the property over the course of the loan. This provides some assurance to the lender that loan will be repaid or in the worse case, the property will not

decline in value in the situation they have to sell it to recoup their loan amount. PCAs are not to be confused with facility condition assessments which are similar in nature but serve a different purpose.

Property Condition Assessments A Property Condition Assessment, also known as a Building Condition Audit or Facility Condition Audit, is typically undertaken by a party involved with a commercial property transaction. These transactions typically include: leasing, purchasing or selling. Financial institutions may also request that their client undertake a Property Condition Assessment as part of their "due diligence" requirement. The assessment is undertaken to determine the condition of the primary building components and systems. These components and systems include:
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Structure Electrical Heating and Cooling Plumbing Building Interior Roofing Building Exterior, and Site Work

Additional assessments, if requested, include:

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Fire and Life Safety Components Elevator Systems, and Environmental Site Assessments

These components and systems are identified, their condition evaluated, assessed and a financial determination of what capital budget should be set aside for immediate and future repairs or replacements.

With over 25 years of work experience for governments and corporate companies we've attained the level of technical expertise and knowledge to provide our clients with comprehensive, detailed reports. With over 1,400 commercial inspections within the last decade, we have the experience and knowledge to conduct your Property Condition Assessment. Our methodology for conducting Property Condition Assessments meets and typically exceeds the ASTM E-2018-08 Standard and National Research Council of Canada (NRCC) 36913 publication - Protocols for Building Condition Assessment.