Property Condition Assessments & Capital Planning

Knowing the overall condition of your property can help define where you should invest your capital dollars to best align with your business objectives. By completing a condition assessment and life cycle analysis of your building we can develop a capital renewal schedule. Using metrics such as facility condition index we can provide our clients with the tools to evaluate year over year progress. Condition indexing can also help predict the health of a future building or portfolio. Many of our clients use indexing to benchmark their buildings, establishing how competitive they are in their marketplace. Knowing where and when to invest in your real property assets to align with your business vision is an important tool for anyone owning real property.

• Where and when should you invest in your real property?
• How do you measure the health of your buildings?
• What should you expect as an outcome given a fixed budget?

Thermal Imaging

CMEL is equipped to provide Thermal Imaging scans to our clients. This service is typically an add-on to a facility condition assessment, but can be conducted independently as well. The purpose of the infrared roof inspection is to locate areas of subsurface moisture content in your building€™s flat roofing system. During the day, the sun heats the roofs surface and insulation, while at night the roof cools down. Areas of wet roofing will retain the heat longer than surrounding dry areas, and will be present in the infrared scan. Essentially the infrared camera detects heat, and the wet roofing will be hotter than dry roofing during the cooling cycle. Following scanning, physical verification will be completed in the form of core samples and electronic moisture sensitive probes.

• Do you have leaks in your flat roof system?
• Have you recently had a roof installation?
• Is your roof system aging prematurely?

Financial Due Diligence

We provide Property Condition Assessments aimed at supporting acquisition and financing. These general property condition assessments typically include a written report, anticipated capital requirements, and a photo-log of the property. Most often they follow a recognized ASTM standard and are aimed at describing the capital risk associated with the property over a specific term. With many property transaction involving purchase and sale or refinancing these reports are typically time sensitive and are usually required on or before the transaction date; so please contact us early in your purchase and sale negotiations to allow adequate time to complete your report to support your transaction.

• What is the condition of the building and property?
• How much capital will be required during the term of the mortgage?
• What components are likely to fail or be of concern during the mortgage term?
• Should there be a discount on the purchase price based on the work that needs to be completed?

Energy Auditing

Typically known as energy assessing or energy auditing, Capital Management can provide energy modelling and evaluation of potential energy conservation measures. We align our recommendations with our client€™s business objectives, generally identifying initiatives that have positive payback, low business risk, and meet with internal rate of return rates our clients expect. When these services are combined with Capital Planning, the impact of incorporating energy efficiencies into traditional recapitalization often has an exponential impact. We often achieve better buildings for the same dollar spent for our clients. Energy assessments can be completed either on whole portfolios, individual buildings or a specific proposed project involving new implementation, renovations or simple component replacement.

Divestiture Due Diligence

When you know the overall condition of your real property, we can help define where you should invest your capital dollars to best align with your business objectives. By using facility condition indexing, we can help establish realistic outcomes given any amount of investment. We provide our clients with the tools to evaluate year over year progress. Many of our clients use indexing to benchmark their buildings establishing how competitive they are in their marketplace. Knowing where and when to invest in your real property assets to align with your business vision is an important tool for anyone owning real property.

• Is it time to rebuild, replace or retire your facility? We can help guide this process.
• Do you have potential purchasers for your facility? Having an independent condition assessment will make your property more attractive.

Independent Project Monitoring

Capital Management Engineering Limited offers independent project monitoring for new construction and major renovations. Typically aimed at supporting financing and loan draws, CMEL provides comment on construction budgets and follows up with site assessments to determine the value of the work in place, and the estimated cost to complete in support of each loan draw. Generally the objective is to proportion the funds such that the project is successfully completed without requiring additional funds or strand the project as fully funded but incomplete. CMEL also has experience in assembling many of the risk management documents such as statutory declarations, insurance and safety certification that often accompany draw requests. A final assessment to acknowledge substantial performance often signifies the completion of the monitoring project. We are happy to work with Financial Institutions, Owners and Project Managers to develop a quick and coordinated effort to support project financing.