Property Condition Assessment
What is a Property Condition Assessment Report?
PCA is the commercial version of the home inspection that lenders require, prior to a residential purchase. It provides risk mitigation for the buyer and the lender and, potentially, an opportunity to renegotiate the price based on the true condition of the property.
Who needs a Property Condition Report?
Lenders: GC’s will request a draw or progressive payment during stages of a project. We can provide a PCA Report to validate the GC is “40%” complete.
Investors: We can provide an “unbias” opinion on quality of work being preformed, to provide a sense of comfort that their investment is of great quality.
GC: With the task of managing (20) sub-contractors, we can provide a PCA Report to 1) Allow the Superintendents to make sure sub’s are staying on schedule 2) Hold sub’s accountable for deficient work 3) Ensure sub’s finish punch lists prior to receiving the last retention payment.
