The 5 Step Process To Effective Condominium Project Planning

The life of a condominium manager is a busy one.

Having to enforce the declaration, deal with residents’ issues, understand law, coordinate maintenance schedules and more – can be a lot to deal with even when things are “slow”.

When reserve fund projects are due, it is not an optional fix like replacing the air filter in your car that always seems to need to be changed.

It is a scheduled replacement project that has been carefully researched by engineers to maintain the structural integrity of the building.

Projects can range from $15,000 to over $2,000,000 – and affect tens to hundreds of residents.

Often times, board members’ experience will come from backgrounds outside of condominiums, construction project management, or engineering, and will need to have the professional consulting from their condominium manager on the right way to approach the project.

After all, the condominium manager is the one who has to manage it once the decision is made.

Select a Project Manager or Engineer

Large projects will often require an assessment from an engineer

Create A Plan

Project plan, budgets, financing

Obtain Bids From Qualified Contractors

Enter Into Contract

Regularly Communicate Regarding Progress

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