Inspection

Question 1

What is the report types for a project monitoring report?

Answer 1

Initial - identifying risks, recommendations and needed documents.
Progress reports - Providing update as works progress.
Practical Completion - Having receipt of all the final information, ensuring statutory compliance and discharges

Question 2

What do you review as part of the project monitoring?

Answer 2

• Land and property acquisition
• Statutory consents
• Competency of the developer
• Financial Appraisals
• Development, finance, agreements
• Construction costs
• Design and quality of workmanship.

Question 3

What is a pre-acquisition survey? Why would someone do one?

Answer 3

Anyone looking to purchase or lease a new premises will need to carry out a pre-acquisition survey to understand the condition of the property and the potential costs involved.

• This provides knowledge of sharing for facts of the building.
• Reduces liabilities of the purchaser to understand potential costs.
• Provides an overview of lifecycle costs and what may be required in refurbishing.

Question 4

What would an acquisition survey cover?

Answer 4

• The condition of external and internal elements of the property
• Condition of services, buildings and grounds
  Lifecycle estimates and costs
• Advice on refurbishment and restoration
• Re-build insurance value of the property
• Risks or liabilities associated with the property
• Statutory requirements associated with the property
• Condition review of building services installations

Question 5

What is a PPM Survey?

Answer 5

PPM surveys for commercial properties allow owners, occupiers and investors to understand
the current condition of their real estate assets, thus enabling them to plan the necessary
investment, including the recovery of service charges, to ensure each element of the building
performs as intended.

Question 6

What is covered in a PPM?

Answer 6

• Understanding the demise with the lease
• Understand construction details and conditions, remedies and repairs where necessary and defect evolution.
• Information prioritising with timescale and costs.
• Robust information to support evidence based negotiations.
• Coverage of fire engineering, H&S, Access, environment consideratins (energy efficiency, noise, pollution)
• Deleterious materials

Question 7

What information do you review at the start of a PPM?

Answer 7

• Equipment
• Inventory
• O&M’s
• Structural alterations
• Surveys of the building

Question 8

What ratings should you do on a PPM?

Answer 8

• 1: urgent
• 2: essential
• 3: desirable
• 4: cyclical and
• 5: statutory