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Events


50CE - Architects and Mandatory Condominium Reserve Fund Studies

09 May 2014 8:30 AM - 10:00 AM



1.5 ConEd Learning Hours 

This session will also be offered Thursday, May 8, 2014, 2:00 PM - 3:30 PM

Course Outline

Reserve fund studies for Residential Condominiums, are mandated by law, to be done in the 1st year of occupancy, and every 3rd year after that. The reserve fund study is commissioned by the agents or Condominium owners of the building. The study uses a protocol that is normally not intrusive but relies on the professional experience and techniques that architects already use in preparing contract documents, coordinating consultants, and performing field reviews of construction. This session puts together opportunity, profitability, client service delivery requirements and the methodology of conducting and reporting the study.

Reserve fund studies have the purpose of identifying the scope of items to maintain the quality of the building stock over a 30 year horizon. The funds to identify the items and implement the maintenance are budgeted and reserved by condominium owners to facilitate resident enjoyment and safety. The building appearance is part of the neighborhood pride that Ontario wants to maintain over that period. The study analyses the items, building systems, assemblies and finishes that have to be maintained to the initial design standard of the building. The objective:  to investigate and state the condition of all the items and indicate the frequency for their maintenance or replacement, and further provide the periodic cost expenditure that is associated in a professionally compiled report document. This report forms part of the decision making protocol for investment analysis and maintenance of the building.

Learning Objectives:

  1. Ontario’s  rationale for Reserve Fund Studies;
  2. Client groups requiring Condominium Reserve Fund Studies;
  3. The architects’ rationale for and competition in doing Reserve Fund Studies;
  4. Overview of Risk Management and Insurance for Reserve Fund Studies;
  5. Overview of Reserve Fund Study Template and Building Condition Reports.

Speaker:

Paul Hastings is a practicing architect with his own firm in Oakville, prior to joining Public Works and Government Services Canada. He has been a Vice President of the OAA where his term ended Dec.31.2013. He has founded and coordinated the Small Practice Information Forum, SPIF, for architects where many shared challenges were discussed and solutions formulated for practice viability. He has published a well-received article in Perspectives Magazine, the Sole Practitioner: Part 1, and has given presentations on the Future of Architecture to various groups. With a background in Engineering, Environmental Design Studies and Architecture, he has used his multidisciplinary training to complete many projects and recently achieved Green Globes 4 on a renovation project, surpassing the Green Globes 3 client requirement. Paul has been involved with Ryerson University Department of Architecture as the OAA liaison on the Program Advisory Committee and provided assistance thru Council to remove road blocks in the recording of intern experience. He was the Chair of the Discipline Committee for years, and was active on various other OAA committees as well. The cumulative experience has provided a unique opportunity to gain an in-depth look into the practice and business of architecture and see great opportunity for the profession in a variety of areas.