Essential checklist for Alberta condo boards. Know what to ask before hiring a Reserve Fund Study provider.
Overview Need a Reserve Fund Study in Edmonton? Brookstone is an engineering firm and reserve fund study provider with in-house APEGA-licensed Professional Engineers (P.Eng.). Request a Reserve Fund Study Quote (Edmonton) Essential checklist for Alberta condo boards. Know what to ask before hiring a Reserve Fund Study provider. Questions About Credentials & Experience Start by verifying the consultant's qualifications and relevant experience. These questions help ensure you're working with a properly credentialed professional. - Are you a licensed Professional Engineer (P.Eng.) registered in Alberta? - What is your APEGA registration number? (Verify at apega.ca) - How many Reserve Fund Studies have you completed in the past 3 years? - Do you have experience with properties similar to ours (size, type, age)? - What is your educational background in building science or engineering? - Are you a member of any professional associations (APEGA, CAI, CCI)? - Do you carry professional liability (errors & omissions) insurance? - Have you had any complaints or disciplinary actions with APEGA? Questions About Scope & Methodology Understanding the scope of work ensures you're comparing apples to apples when evaluating proposals. These questions clarify what's included. - Is this a comprehensive study or an update to a previous study? - What components will be assessed during the site inspection? - How long will the site inspection take? - What is the minimum planning horizon (25 years, 30 years)? - What documents do you need from us before you begin? - How do you determine replacement costs — local data or generic databases? - What inflation rate do you use for future cost projections? - Do you include multiple funding scenarios in your analysis? Questions About Timeline & Deliverables Clear expectations about timing and deliverables prevent misunderstandings and ensure the study meets your board's needs. - What is your typical turnaround time from engagement to delivery? - Do you offer expedited service if we need the study sooner? - How will the final report be delivered (digital, print, portal)? - Will the report include condition photos of major components? - What format are the cash flow projections (tables, charts, both)? - Will the report bear your P.Eng. seal and signature? - Do you provide an executive summary suitable for owner communication? - Can we see a sample report before engaging you? Questions About Pricing & Fees Understanding the complete cost structure prevents surprises and enables meaningful comparison between…
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