| Other | Criterium Engineers | Commentary | |
| Company Experience | ? | 50 years | The most experienced company in the industry |
| and Reputation | ? | excellent | |
| Analyst's Professional Credentials included in report | Yes | Yes | Work performed by or under the supervision of a licensed Professional Engineer (PE) and Reserve Specialists (RS) |
| Association's Objective | With Criterium Engineers, you get both. | ||
| Emphasize Financial Results | Yes | Yes | |
| Emphasize Engineering Detail | No | Yes | |
| Does Report fully comply with CAI Standards for Reserve Studies? | Standards are generally used as a baseline. In much of our work, we exceed these standards. We consider local factors, phasing of work, and other matters that affect costs. At our option, our approach goes beyond simple cookbook numbers, but is mindful of the work as a planning and budgeting tool. | ||
| Describe Physical and Financial condition | Yes | Yes | |
| Project Expenses, contributions over minimum of 20 years | Yes | Yes | |
| List inventory, value and estimated life | Yes | Yes | |
| List source of valuation estimates | Yes | Yes | |
| Describe level of service | Yes | Yes | |
| Fiscal year for study | Yes | Yes | |
| Will study be performed by or under the supervision of a CAI designated Reserve Specialist (RS)? | Yes | Yes | |
| Does the proposed analysis include: | |||
| Cash flow method projection | Yes | Yes | |
| Component method projection | Yes | Yes | When requested |
| Calculation of all cycles for components to 50 years | Yes | Yes | |
| Calculation for multiple critical years under the cash flow method. | Yes | Yes | |
| Does the Proposed Analysis Offer: | Our analysis, at your option, includes the effects of interest and inflation. Furthermore, we provide a range of funding options: increasing contributions (in steps or by percentage), decreasing contributions, and special assessments. | ||
| Interest on Reserves | Upon request | Yes | |
| Inflation on Expenses | Upon request | Yes | |
| Annual increase of contribution | Upon request | Yes | |
| Simultaneous calculation of interest, inflation and annual increase | Upon request | Yes | |
| Does the Proposed Study Provide: | Our reserve study analysis incorporates tables and graphs that are almost infinitely flexible in terms of modeling replacements and repairs. We can organize items any way the association wants, phase major expenses as need and budget dictates, and produce separate reports of the association has divided responsibilities. The analysis is typically for 20 years, although anything from 5 to 30 years is possible. Costs are taken from the most meaningful reference: association records, personal experience, or interest tables. | ||
| Clear and useful graphs illustrating results and future funding and expenditure trends | Yes | Yes | |
| Modeling of cycling replacements | Yes | Yes | |
| Logical phasing of major expenses | Yes | Yes | |
| Up to 2,400 line item inventory of components | Yes | Yes | |
| Flexibility to organize inventory by building, unit, or by aggregate amounts | Yes | Yes | |
| Ability to model phasing of the original construction | Yes | Yes | |
| Opportunity to use actual cost from community records | Yes | Yes | |
| Graph 30 year projection correlating expenses and results | Yes | Yes | |
| Project calendars for 30 years | Yes | Yes | |
| Does Proposer attempt to model the policies and practices of the Board to the extent that good engineering and accounting permit? | Yes | Yes | If funding or maintenance schedules are part of the bylaws, we can generally take that into consideration. |
| Does price include at least 1 free revision? | ? | Yes | Three options are contained in the first pass. We will provide at least one revision at no charge. |
| Is Report: | Clear, easy to read and understand reports are our hallmark. | ||
| Clear, concise | Yes | Yes | |
| Easy to read and understand | Yes | Yes | |
| Useful planning tool | Yes | Yes | |
| Is proposer able to provide Alternate Funding Scenarios to help resolve severely under-funded situations? | Yes | Yes | Three alternatives included with report. |
| Quote | A transition study is performed when the association takes over from the developer. This is a good time to up sell a full reserve study. | ||
| Reserve Study | $ | $ | |
| Repair List | $ | $ | |
| Transition Study | $ | $ | |
| Includes interviews with maintenance personnel | No | Yes | When available |
| Includes review of maintenance history | No | Yes | When available |
| Includes review of construction drawings | No | Yes | When available |
| Thorough report on current conditions | No | Yes | A complete narrative description of current conditions is contained in our report. Most other companies do not even send someone to the site who is qualified to do this. |
| Includes evaluation of upgrades | No | Yes | When available |
| Ability to meet with board to present findings | Extra cost | Yes | Because we are local, this is an important part of our service. |
| Ability to discuss priorities with board | No | Yes | See above |
| Ability to review and analyze defects | No | Yes | This is part of the value added we bring as engineers |
| Ability to design repair solutions | No | Yes | See above |
| Ability to monitor construction and repairs | No | Yes | See above |
| Ability to provide ongoing consulting when necessary | No | Yes | See above |
| Ability to consider and plan for improvements | No | Yes | See above |