Facility & Property Condition Assessments

Lockatong’s thorough condition assessments yield the comprehensive data owners, buyers, and investors need to make astute, well-informed decisions about a commercial property. We deliver details about the current condition of a building along with information to help owners anticipate and prepare for future maintenance, capital improvements, and the fiduciary responsibilities these entail.

A Property Condition Assessment is an inspection and evaluation of all significant components of a building and property. Our staff of engineers are known for careful, inclusive examinations and expert evaluations of what we find. Our in-depth reports deliver the answers and the details you need to weigh your options confidently and make fully informed decisions. We also perform Facility Condition Assessments for the prudent owner who wishes to maintain their property and plan accordingly for future repairs and to sustain their fiduciary responsibilities.

Property Condition Assessment (PCA)

We often meet clients for the first time when they are weighing the purchase of a commercial building and look to Lockatong Engineering for the comprehensive data they need to make a well-considered decision. Our pre-purchase PCAs simplify the highly complex aspects of real estate negotiation and contracts; Our reports provide buyers with essential information about a building’s current condition as well as projected costs for repairs and upgrades.

Every Lockatong PCA is conducted in compliance with ASTM Standard E 2018-24 “Standard Guide for Property Condition Assessments: Baseline Property Condition Process,” and is performed by one of our licensed Professional Engineer. We evaluate the property’s structure and all components vital to investment and financial decision-making. Our investigations address each client’s unique concerns and risk-tolerance, and every PCA report meets appropriate due diligence for the real estate transaction.

Our PCA reports include identification of the components of the building, a list of current deficiencies and areas of deferred maintenance along with the cost to remedy these deficiencies, as well as future component replacement costs. We evaluate an extensive array of areas and features of the property including site, building envelope, structure, mechanical systems, life safety, and interior. Our narrative reports clearly describe the components of the property and their condition to give you a clear and complete understanding of the building.

Facility Condition Assessments (FCA)

Lockatong’s FCA covers an inspection of a building for a current owner, giving them an evaluation of its current condition with cost projections so they can plan and prepare for repairs and improvements over the next 10 years.

Our FCA analysis of aspects of the building determines that those who use it are secure and safe, and that the asset maintains its value. Our precise examination and the reports we generate will alert the owner to any weaknesses that must be addressed.

Our building inspection and evaluation for the commercial, institutional, and manufacturing markets include these areas:

Building Envelope & Façade Inspections
Fire Protection & Life Safety
Mechanical, Electrical, Plumbing (MEP)
Structural
Parking Garage Surface, Weathering & Corrosion

A word about capital improvement projects: When a component is at the end of its useful life, owners often have the option to specify a direct replacement or an upgrade to a newer product. Our engineers can help them decide by bringing them up to date on the latest technology and making them aware of any lower maintenance, better functionality and lower operating costs advantages to an upgrade, including how upgrading can improve the comfort and longevity of the owner’s asset.

Should an assessment identify an issue, Lockatong provides professional Design & Construction Monitoring for repairs, upgrades, and capital improvements. This includes engineering design, detailed project specifications, contractor bid documents, bid evaluation, project management guidance, and contractor monitoring.

CONDOMINIUM CONVERSION

Those who wish to convert an existing building, such as an apartment building or multi-family home, the New Jersey Administrative Code (N.J.A.C.) requires an Engineering Survey inspection as part of the Public Offering Statement for the condominium. The survey calls for a visual inspection by a licensed Professional Engineer and a narrative report with a description of all applicable items of the building as well as their condition. Lockatong Engineering can provide the required inspection and our report complies with New Jersey Administrative Codes 5:24-1.5(d) and/or 5:26-9.1