Capital Reserve Budgets
Estimates for each of the major common area Property Components will include:
- Expected Useful Life Projections
- Remaining Useful Life Projections
- Repair/Replacement Cost Estimates
- Initial Reserves
- Annual Reserves
- 10-20 Year Capital Expense Projections
Expert Witness
LM has provided Expert Witness Services in cases involving, but not necessarily limited to, the following claims:
- Defective Workmanship
- Work Non-Performance
- Contactor Non-Performance
- Code Compliance (Non-Compliance)
- Warranty Issue
LM witness testimony has been presented in jury trials as well as depositions.
Maintenance Advisory
- Review existing maintenance program
- Help establish maintenance program
Construction Management
- Pre-Construction Phase
- Project Analysis
- Definition of Scope
- Establishment of Budgets
- Design Phase
- Initial Design
- Value Engineering
- Preliminary Pricing
- Contract Negotiations
- Finalization of Design and Costs
- Construction Phase
- Permit Processing
- Construction Oversight
- Contract Maintenance
- Insurance Maintenance
- Construction Administration
- Coordination
- Draw Processing
- Waiver Processing
- Certificates of Occupancy Processing
- Close-out and Warranties
Homeowner’s Association Services & Reserve Studies
The LM Consultants team of experienced professional architects and engineers has assisted numerous Homeowners’ Associations and Management Companies in their efforts to:
- Establish proper capital reserve budgets
- Improve maintenance procedures
- Improve energy use practices
- Identify and plan for property repairs/replacements
- Achieve stable and predictable assessments
- Preserve and/or enhance property values
The LM Consultants team can perform the following professional services for Homeowners’ Associations and Management Companies:
- Transition Studies
- Reserve Studies
- Expert Witness/Litigation Support
- Project Design and Documentation
- Bid Solicitation and Review
- Construction Monitoring