Misc. Website Items 2013 LLA Reserve Study | Page 19

of systems that we could not see, such as buried structures and utilities,
nor are we responsible for conditions that could not be seen or were not
within the scope of our services at the time of the investigation. We did
not undertake to completely assess the stability of the buildings or the
underlying foundation soil since this effort would require excavation and
destructive testing. Likewise, this is not a seismic assessment.
We did not investigate the following areas:
•
•

The interiors of the individual condominium units
Underground utilities and manholes

We do not render an opinion on uninvestigated portions of the
community.
We did not perform any computations or other engineering analysis as
part of this evaluation, nor did we conduct a comprehensive code
compliance investigation. This study is not to be considered a warranty of
condition, and no warranty is implied. The appendices are an integral part
of this report and must be included in any review.
In our Reserve Fund Analysis, we have provided estimated costs. These
costs are based on our general knowledge of building systems and the
contracting and construction industry. When appropriate, we have relied
on standard sources, such as Means Building Construction Cost Data, to
develop estimates. However, for items that we have developed costs (e.g.:
structural repairs), no standard guide for developing such costs exists.
Actual costs can vary significantly, based on the availability of qualified
contractors to do the work, as well as many other variables. We cannot be
responsible for the specific cost estimates provided.
We have performed no design work as part of this study, nor have we
obtained competitive quotations or estimates from contractors as this also
is beyond the scope of the project. The actual cost to remedy deficiencies
and deferred maintenance items that we have identified may vary
significantly from estimates and competitive quotations from contractors.
If you have any questions about this study or the reserve fund analysis,
please feel free to contact us. Thank-you for the opportunity to be of
assistance to you.

Respectfully submitted,

Craig D. Smith, P.E.
Drew DiSessa, P.E.
Peter Hollander, R.S.
CRITERIUM ENGINEERS
Lake Linganore
New Market, Maryland
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