Does a reserve study provide accurate estimates of capital improvement and maintenance projects?
A reserve study uses cost engineering to develop an accurate cost of contracted work in your local area. Cost engineering estimates the maintenance and capital improvement costs through a combination of reference materials, contractor affiliation, and practical experience. The cost estimates and component quantities within a reserves study can be used to validate a contractors bid costs and materials estimates.
Related Questions
- Why change our method if our property has a history of conducting capital improvement and maintenance projects through special assessments and bank loans?
- Does the Board utilize a reserve study to schedule future maintenance projects and accurately forecast budget needs?
- What is the Capital Improvement/Building Maintenance Fund?
