Reserve Studies

Our Reserve Study is prepared in conformance with CAI’s “National Reserve Study Standards” and the AICPA’s Guide. Criterium Association Services Reserve Study Options include all of the standard levels of service. We also offer an “Enhanced” version, which only our licensed engineers can provide.

Per your request, we can customize any Reserve Study to meet the needs of your Association. We can apply various strategies to optimize your reserve funding, for example, spreading capital-intensive items over multiple years. We are also available to present your Reserve Study Report at Board and Community Meetings.

Criterium Association Services is proud to offer the following services engineered to your needs.

Full Reserve Study

Enhanced Reserve Study

Update, With Site Visit

Transition Studies

The process of the control going from the Developer to the Association is one of the most crucial periods in the life of a Community Association. This is the time when the governing body of the community must determine not only the physical and financial strengths of the development, but, also set the procedures in place for future maintenance and financial stability. For new Associations, it is extremely beneficial to have both a Reserve Study and Transition Study completed. The Scope of Work includes the preparation of a Full Reserve Study as described above and Transition Study as described below.

A Transition Study is intended to review the as-built development for general conformance with the provided design drawings and association documents, and to confirm that no defects exist. These observations are visual in nature and include a site and building exterior analysis as well as a percentage of the interior units.

A Transition Study includes the following Scope of Work:

• A review of all provided engineering drawings, architectural drawings and public offering statement.
• One visit to the appropriate municipal offices to review the public documents and resolutions concerning the development.
• On-site visual observations performed to determine any areas which have not been built in general conformance with the design documents or acceptable workmanship.
• The inspection of five percent of the unit interiors.
• A Narrative Report of Transition includes details of each observed deficiency; possible cause(s) of the problems; recommendations for corrective action and a reference to any performance standard (i.e.: deviation from design drawings, workmanship, etc.), where applicable.
• A Punchlist Summary, which includes a description of each deficiency along with the specific locations where each deficiency was noted and the appropriate, recommended correction.
• The optional preparation of a questionnaire for distribution to all residents. Thus, any concerns with regards to the unit interiors, as they relate to the common elements can be identified.

OTHER ENGINEERING SERVICES

• Plans and Specifications Development and Review
• Cost Estimating
• Bid Solicitation and Review
• Contract Administration and Construction Management
• Investigation and Analysis
• Design and Repair Design Services
• Litigation Support