Best practice facilities management naturally involves systematic study and analysis. The reserve study is a full spectrum reporting and planning tool designed to deliver cost-efficient information resources and act as a reliable planning tool for communities. The reserve study is divided into two parts: Financial Analysis and Physical Analysis. |
The main aim of making the Reserve Study is to create a comprehensive management plan to address existing situations regarding the facility under management and to provide for future management needs. This type of study can be done for all types of properties, and is an important tool for both cash management and risk mitigation needs.
The study may include a wide range of specific and general items like:
• Replacement of the roof of the building, • Retrofits of the security system, • Replacement of the boiler, • Resurfacing of the roadways • Budget analysis • Expenditure analysis
If you're looking at a complex analysis like a condominium association reserve study, you will naturally need to research specialists in this type of study.
A good benchmark company to research as a services provider is Facilities Advisors, Inc., A leading US service provider with offices in California, Utah, Arizona and Florida.
These services include reserve studies for:
1. Condominium associations 2. Homeowners associations 3. Timeshare associations 4. Country clubs 5. Non-profit organisations
They have 20 years of experience in the timeshare reserve study domain. The company provides objective, well structured, professional standard documentation and analyses to facilitate best practice management. They are an important resource when it comes to your reserve study, as they combine years of experience with modern reserve study planning tools and methods to create accurate, actionable reserve study reports. Their reports can be easily digestible, able to be used immediately for your reserve needs.
If the FIA reserve study looks appropriate to your needs, please note that these services are viable for a very wide range of different types of facilities, including apartment buildings, office parks, resorts, among many others.
They employ a team of highly experienced professionals to carry out their studies, and will provide support for administering organisations and associations as well as analyze your property and facilities. See their website www.reservestudyusa.com for more details including contact information. They respond to all questions quickly and will work with you to make sure all of your reserve study needs are met quickly and at a great price.
About the author: Author tells about the reservestudyusa.com which is a company and provided the services for condominium association reserve study. Their HOA reserve studies use the powerful Facilities 7 software, the most sophisticated and analytical and operational management tool in the industry.
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