Property Condition Assessments

The Value of a PCA

PCAs can help guard against unexpected costs assocaited with the maintenance of a building, and help leverage lending tools, while reducing exposure to risk and actually improving the attractiveness of a project to investors.

In addition to determining and managing environmental liability, GAIA assists its clients in managing business risk and costs associated with currently owned and future commercial buildings by the completion of Property Condition Assessments (PCAs) which give the client a snapshot of costs associated with building compliance and maintenance.

The purpose of the PCA is to gather sufficient information to develop an independent professional opinion about the property’s physical improvements via architectural and engineering (mechanical, electrical, plumbing, and fire/life safety) evaluations of existing building systems and site improvements to assess their physical condition, general code compliance, capacities/adequacies, repair and maintenance issues, recommended replacements, capital expenditures, and opinions of probable costs for corrective action.

An ASTM Property Condition Assessment or ASTM PCA is a specific kind of due diligence, pre-purchase, pre-lease, or post-lease inspection, performed according to a specification developed by ASTM or the American Society for Testing and Materials under ASTM E2018-08.