Physical Condition Assessment

SEI conducts physical condition assessments (PCA) for property purchasers and lenders to determine the current physical condition of a property and to provide estimates for potential costs associated with major upgrades or replacement requirements over the term of a loan or projected ownership. The PCA includes an assessment of the physical condition of existing facilities and the major systems, subsystyems, and components such as architectural , mechanical, and electrical elements. SEI starts the process with an inventory and description of the building systems, subsystems and components. Deficiencies are identified by comparing the systems and components to normal operating or design standards and/or code requirements. The costs to correct those deficiencies are then estimated and priorities are assigned.