1、Designation:E201815Standard Guide forProperty Condition Assessments:Baseline PropertyCondition Assessment Process1This standard is issued under the fixed designation E2018;the number immediately following the designation indicates the year oforiginal adoption or,in the case of revision,the year of l
2、ast revision.A number in parentheses indicates the year of last reapproval.Asuperscript epsilon()indicates an editorial change since the last revision or reapproval.1.Scope1.1 PurposeThe purpose of this guide is to define goodcommercial practice in the United States of America forconducting a baseli
3、ne property condition assessment(PCA)ofthe improvements located on a parcel of commercial real estateby performing a walk-through survey and conducting researchas outlined within this guide.1.1.1 Physical DeficienciesIn defining good commercialand customary practice for conducting a baseline PCA,the
4、goal is to identify and communicate physical deficiencies to auser.The term physical deficiencies includes the presence ofconspicuous defects and material deferred maintenance of asubject propertys material systems,components,or equipmentas observed during completion of the PCA.This definitionspecif
5、ically excludes deficiencies that may be remedied withroutine maintenance,miscellaneous minor repairs,normaloperating maintenance,etc.,and excludes de minimis condi-tions that generally do not present material physical deficien-cies of the subject property.1.1.2 Walk-Through SurveyThis guide outline
6、s proceduresfor conducting a walk-through survey to identify the subjectpropertys physical deficiencies,and recommends varioussystems,components,and equipment that should be observedby the field observer and reported in the property conditionreport(PCR).1.1.3 Document Reviews and InterviewsThe scope
7、 of thisguide includes document reviews,research,and interviews toaugment the walk-through survey so as to assist the consul-tants understanding of the subject property and identificationof physical deficiencies.1.1.4 Property Condition ReportThe work product result-ing from completing a PCA in acco
8、rdance with this guide is aProperty Condition Report(PCR).The PCR incorporates theinformation obtained during the Walk-Through Survey,theDocument Review and Interviews sections of this guide,andincludes Opinions of Costs for suggested remedies of thephysical deficiencies identified.1.2 ObjectivesObj
9、ectives in the development of this guideare to:(1)define good commercial and customary practice forthe PCA of primary commercial real estate improvements;(2)facilitate consistent and pertinent content in PCRs;(3)developpragmatic and reasonable recommendations and expectationsfor site observations,do
10、cument reviews and research associ-ated with conducting PCAs and preparing PCRs;(4)establishreasonable expectations for PCRs;(5)assist in developing anindustry baseline standard of care for appropriate observationsand research;and(6)recommend protocols for consultants forcommunicating observations,o
11、pinions,and recommendationsin a manner meaningful to the user.1.3 Considerations Beyond ScopeThe use of this guide isstrictly limited to the scope set forth in this section.Section 11and Appendix X1 of this guide identify,for informationalpurposes,certain physical conditions that may exist on thesub
12、ject property,and certain activities or procedures(not an allinclusive list)that are beyond the scope of this guide but maywarrant consideration by parties to a commercial real estatetransaction to enhance the PCA.1.4 Organization of This GuideThis guide consists ofseveral sections,an Annex and two(
13、2)Appendixes.Section 1is the Scope.Section 2 on Terminology contains definitions ofterms both unique to this guide and not unique to this guide,and acronyms.Section 3 sets out the Significance and Use ofthis guide,and Section 4 describes the Users Responsibilities.Sections 5 through 10 provide guide
14、lines for the main body ofthe PCR,including the scope of the Walk-Through Survey,preparation of the Opinions of Costs to Remedy PhysicalDeficiencies,and preparation of the PCR.Section 11 providesadditional information regarding out of scope considerations(see 1.3).Annex A1 provides requirements rela
15、ting to specificasset types,and where applicable,such requirements are to beconsidered as if integral to this guide.Appendix X1 providesthe user with additional PCA scope considerations,whereby auser may increase this guides scope of due diligence to beexercised by the consultant beyond this guides
16、baseline level.Appendix X2 and Appendix X3 outline the approach toAccessibility Surveys.1This guide is under the jurisdiction ofASTM Committee E50 on EnvironmentalAssessment,Risk Management and Corrective Action and is the direct responsibil-ity of Subcommittee E50.02 on Real Estate Assessment and Management.Current edition approved Aug.15,2015.Published November 2015.Originallyapproved in 1999.Last previous edition approved in 2008 as E2018 08.DOI:10.1520/E2018-15.Copyright ASTM International,1
