Several years ago, several industry practitioners worked with the Community Associations Institute and, later, the Association of Professional Reserve Analysts to develop common terminology for the three major categories of reserve studies. The purpose was to reduce confusion among stakeholders so that all our respective clients would find it easier to develop reserve study RFPs (Requests for Proposal).
FULL: An onsite Reserve Study inspection where the following tasks are completed:
This level of service is for the first time BRG will travel to the project and perform a complete reserve study. Email [email protected], call (916) 393-0600, or complete our online form to request a bid.
UPDATE WITH SITE VISIT: An onsite Reserve Study inspection where the following tasks are completed:
This level of service is appropriate for the second and subsequent reserve studies where a site visit is required. Email [email protected], call (916) 393-0600, or complete our online form to request a bid.
UPDATE WITHOUT SITE VISIT: A non onsite Reserve Study where the following tasks are completed:
This level of service is for the off year reserve study updates when no site visit is required. Email [email protected], call (916) 393-0600, or complete our online form to request a bid.
UPDATE WITHOUT SITE VISIT; NEVER ONSITE (NOS): The same study as directly above, but BRG has never been to the project, thus the “NOS,” a BRG term.
This level of study is appropriate when the site visit study is not needed, but the client wishes BRG to update an existing reserve study for budget and/or statutory disclosure purposes. For this level of service reserve study, BRG will need the prior reserve study. Email [email protected], call (916) 393-0600, or complete our online form to request a bid.