Reserve Fund Studies
Cost-effective repairs and reserve fund planning...
The Condominium Act has finally mandated Reserve Fund Studies by qualified people. Who would be better qualified than the consultant that assessed the condition of condominiums in the GTA for CMHC? Who is better qualified than the consultant that created the Condition Index and Funding Index? Who is better qualified than the consultant that regularly instructs on Building Condition Assessment and on Reserve Fund Planning for facility managers and condominium directors? Who is better qualified than the consultant that wrote (in association with Kerr Associates Technology Transfer) the CMHC course on Building Technology and Technical Audits. GRG did it all.
Our reserve fund spreadsheets have been called "the best I've seen" by the president of one of Canada's largest property management firms.
While many planners use standard or text-book life spans, GRG employs as-designed, as-built and as-maintained conditions as a basis for life-cycle costing. GRG also employs the Condition Index (CI) and Funding Index (FI) as gauges to assess the building condition and adequacy of funding. Using these tools, our plans often cost condominium owners less in contributions than a typical plan.
Interested in learning more about Condition Index (CI)? Find the current and near-future CI values for your building using our web-based Condition Index Calculator.