APC Academy - Inspection

Question 1

What is a Schedule of Condition?

Answer 1

Factual record of a building/premises condition at a specific point in time and used as a benchmark against future condition.
Doesnt include budget costs
Can be appended to a lease and may release a tenant from liability to put ta premises into better condition than it was when the lease started.

Question 2

What is a condition survey?

Answer 2

Survey of a buildings condition at a point in time, identifying the required repairs on a immediate, short term and medium term basis.
Will usually include budget costs for repairs.

Question 3

What is a PPM Survey?

Answer 3

Planned Preventative Survey which highlights present and future repairs and allows an owner to plan for ongoing and future repair costs. On my project - Provided on a 1-20 year basis and categories on the The Condition Core Fact guidance for schools.

Question 4

What is a pre-acquisition survey?

Answer 4

Survey at pre purchase essentially a condition survey

Includes suitability of site, quality of workmanship and any statutory requirements.