ASTM E2018 Guidelines
As an Inspection Industry Professional, I adhere to ASTM E2018 guidelines. Some highlights of these guidelines are included below:
Scope
Purpose:
The ASTM E 2018 guideline defines good commercial and customary practice in
the United States of America for conducting a baseline property condition
assessment (PCA) of the improvements located on a parcel of commercial real
estate by performing a walk-through survey and conducting research as
outlined within this guide.
Physical Deficiencies:
The ASTM E 2018 guideline defines good
commercial and customary practices for conducting a baseline PCA,
the goal is to identify and communicate physical deficiencies to a user. The
term physical deficiencies means the presence of conspicuous defects or material
deferred maintenance of a subject property’s material systems, components, or
equipment as observed during the field observer’s walk-through survey. This
definition specifically excludes deficiencies that may be remedied with
routine maintenance, miscellaneous minor repairs, normal operating
maintenance, etc., and excludes conditions that generally do not present
material physical deficiencies of the subject property.
Walk-Through Survey:
The ASTM E 2018 guideline outlines procedures for conducting a walk-through survey
to identify the subject property’s material physical deficiencies, and recommends various
systems, components, and equipment that should be observed by the field
observer and reported in the property condition report (PCR).
Document Reviews and Interviews:
The ASTM E 2018 guideline includes procedures for document reviews, research,
and interviews to augment the walk-through survey so as to assist the
consultant’s understanding of the subject property and identification of physical
deficiencies.
Property Condition Report:
The work product resulting from completing a PCA in accordance with the ASTM E 2018
guidelines is a PCR. The PCR incorporates the information obtained during the
Walk-Through Survey, the Document Review and Interviews sections of this guide,
and includes opinions of probable costs for suggested remedies of the physical deficiencies
identified.
Objectives:
Objectives in the development of the ASTM E 2018 Standards are: (1) define good
commercial and customary practice for the PCA of primary commercial real
estate improvements; (2) facilitate consistent and pertinent content in
PCRs; (3) develop practical and reasonable recommendations and expectations
for site observations, document reviews and research associated with
conducting PCAs and preparing PCRs; (4) establish reasonable expectations
for PCRs; (5) assist in developing an industry baseline standard of care
for appropriate observations and research; and (6) recommend protocols for
consultants for communicating observations, opinions, and recommendations
in a manner meaningful to the user.
Multiple Buildings:
Should the subject property consist of multiple buildings, it is the intent of this guide
that only a single PCR be produced by the consultant to report on all of the buildings on the
subject property.
To obtain additional information regarding ASTM Standards, please contact:
ASTM International
100 Barr Harbor Drive
West Conshohocken, PA
19428-2959
As an Inspection Industry Professional, I adhere to ASTM E2018 guidelines. Some highlights of these guidelines are included below:
Scope
Purpose:
The ASTM E 2018 guideline defines good commercial and customary practice in
the United States of America for conducting a baseline property condition
assessment (PCA) of the improvements located on a parcel of commercial real
estate by performing a walk-through survey and conducting research as
outlined within this guide.
Physical Deficiencies:
The ASTM E 2018 guideline defines good
commercial and customary practices for conducting a baseline PCA,
the goal is to identify and communicate physical deficiencies to a user. The
term physical deficiencies means the presence of conspicuous defects or material
deferred maintenance of a subject property’s material systems, components, or
equipment as observed during the field observer’s walk-through survey. This
definition specifically excludes deficiencies that may be remedied with
routine maintenance, miscellaneous minor repairs, normal operating
maintenance, etc., and excludes conditions that generally do not present
material physical deficiencies of the subject property.
Walk-Through Survey:
The ASTM E 2018 guideline outlines procedures for conducting a walk-through survey
to identify the subject property’s material physical deficiencies, and recommends various
systems, components, and equipment that should be observed by the field
observer and reported in the property condition report (PCR).
Document Reviews and Interviews:
The ASTM E 2018 guideline includes procedures for document reviews, research,
and interviews to augment the walk-through survey so as to assist the
consultant’s understanding of the subject property and identification of physical
deficiencies.
Property Condition Report:
The work product resulting from completing a PCA in accordance with the ASTM E 2018
guidelines is a PCR. The PCR incorporates the information obtained during the
Walk-Through Survey, the Document Review and Interviews sections of this guide,
and includes opinions of probable costs for suggested remedies of the physical deficiencies
identified.
Objectives:
Objectives in the development of the ASTM E 2018 Standards are: (1) define good
commercial and customary practice for the PCA of primary commercial real
estate improvements; (2) facilitate consistent and pertinent content in
PCRs; (3) develop practical and reasonable recommendations and expectations
for site observations, document reviews and research associated with
conducting PCAs and preparing PCRs; (4) establish reasonable expectations
for PCRs; (5) assist in developing an industry baseline standard of care
for appropriate observations and research; and (6) recommend protocols for
consultants for communicating observations, opinions, and recommendations
in a manner meaningful to the user.
Multiple Buildings:
Should the subject property consist of multiple buildings, it is the intent of this guide
that only a single PCR be produced by the consultant to report on all of the buildings on the
subject property.
To obtain additional information regarding ASTM Standards, please contact:
ASTM International
100 Barr Harbor Drive
West Conshohocken, PA
19428-2959