Due diligence inspection services involve a thorough evaluation of a property or asset before a transaction, such as a purchase or investment. These services assess various factors, including physical conditions, legal compliance, financial performance, and potential risks. By conducting inspections and reviewing documentation, professionals aim to identify any issues or liabilities that could affect the value or usability of the asset. This process helps buyers make informed decisions, negotiate better terms, and mitigate risks associated with the investment.
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At Cronin Engineering, we provide evaluations of existing buildings prior to being purchased to ensure they are in compliance. Our due-diligence services involve researching the property to determine the viability and feasibility of developing the property for its intended use. Due-diligence typically includes the researching the following: Size, shape, locational setting, and topography.
We are always open for questions, new projects, or collaboration.
What is Structural Engineering?
Structural engineering is a sub-discipline of civil engineering in which structural engineers are trained to design the 'bones and joints' that create the form and shape of human-made structures and buildings
What is Civil Engineering?
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads, bridges, canals, dams, airports, sewage systems, pipelines, structural components of buildings, and railways.
What is Milestone Inspection?
In June 2021 a residential condominium building in Surfside, FL, collapsed, causing the death of 98 people. In May 2022 the Florida government reacted by enacting mandatory structural inspections for aging condominiums (FL Statute Section 553.899), called a “milestone inspection,” intended to increase building safety. Milestone Inspection is an inspection of the building’s structural integrity and includes inspection of the load-bearing walls and other structural elements designed to provide support and stability for the overall structure.
Who Needs a Milestone Inspection?
All condominiums and cooperative buildings in the state of Florida that are three or more stories in height when the building reaches a certain age. For buildings 30 years of age and every 10 years thereafter, or buildings 25 years of age and every 10 years thereafter if the building is located within three miles of a coastline. If a milestone inspection is required and the building’s certificate of occupancy was issued on or before July 1, 1992, the building’s initial milestone inspection shall be performed before December 31, 2024.
What is the Purpose of a Milestone Inspection?
The purpose of the milestone inspection is to determine if evidence of substantial structural deterioration can be identified.
Who can Perform a Milestone Inspection?
An inspection can be performed by a licensed architect or engineer authorized to practice in the state of Florida who is qualified to attest to the general structural condition of the building and any necessary maintenance, repair, or replacement of any structural component.
Is Cronin Engineering Authorized to Perform Milestone Inspections?
Yes.
