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Florida's Milestone Inspection Process
1. Determine if your property requires an inspection.
We will help you determine if your building is affected by the law. If you already have a Notice of Inspection you must act quickly as you only have 180 days to complete the first step.
2. Schedule and Complete the inspection.
The visual inspection of your property will be performed by a team of engineers. The inspector assesses your building determining if there is “Substantial Structural Deterioration”.
3. Structural Integrity Reserve Analysis.
A reserve study is performed to evaluate and develop the Association’s reserve budgets for major maintenance projects. Then a sealed copy of the inspection report will be provided to the building owner, the condo/cooperative association, and the local building safety official.
How Long Does The Process Take?
How long does the entire inspection process take?
The entire process may take as long as a month. There is a notifcation sent to every home owner. The property manager must request reports from companies that service the properties equipment. Once this is complete, we move onto the site visit.
How long is your site visit?
We send out a team large enough to inspect a 100 unit building in a single day. Then our site visit pictures and notes are sent to our project administrator for report writing.
How Long Before we get our Report?
Once our project coordinator has all the information, it take about two week to process and send our report to the property manager to review. Once approved, we can tyipaclly get the report signed and sealed by our PE in 72 hours.
Engineering Services by MEP Value Engineering Inc
Structural Integrity Reserve Study Report
Required by FL Statutes 718.112, a Structural Integrity Reserve Study (SIRS) is a study of reserve funds required for major future repairs and replacement of common areas. It’s based on a visual inspection that must be conducted by a licensed engineer or architect, determining the life expectancy of 8 structural items. The study outlines the cost of maintenance and replacement of those items, so the association can budget correctly.
The first one must be completed by December 31st, 2024, then updated every 10 years. Given that this account must be funded, we suggest the SIRS be updated every 3 years to make sure the numbers are accurate.
The following eight items are essential for inclusion in the SIRS:
- Roofing
- Load-bearing walls and other primary structural components
- Fireproofing and fire protection systems
- Plumbing infrastructure
- Electrical systems
- Waterproofing and exterior paint
- Common-area windows and doors
- Any structural items with a cost exceeding $10,000
The report should offer an in-depth analysis of both the legally required elements and additional community-specific reserve components. This all-encompassing approach ensures a comprehensive understanding of the total cost of ownership for the association. Associations are responsible for appropriately allocating existing reserve funds between structural (funding-required) and non-structural components. This comprehensive approach aids associations in confidently navigating their annual budgeting process.