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Optimizing Your Assets

JERSEY CITY-Value engineering might seem like a daunting prospect in today's economic climate, but a reserve study can serve as the starting point for analyzing potential savings in costs.

By Alyson Grala | Updated on October 04, 2009

JERSEY CITY-It’s no secret that the cost of maintaining a building–whether commercial or residential–can be high, but thanks to new technologies there is now a host of ways to manage replacement, maintenance and energy costs, often referred to as value engineering. This was the theme here at Kipcon Inc. and Energy Squared LLC’s free educational symposium, held last Thursday at the Doubletree hotel.

The course was taught by three industry experts, starting with Kipcon president Mitchell H. Frumkin, a professional engineer, reserve specialist and a National Association of Home Builder’s Certified Green Professional; managing partner of Energy Squared Allan Samuels, a US Green Building Council Leadership in Energy and Environmental Design Accredited Professional; and Clive Samuels, a licensed professional engineer in 46 states.

Frumkin took the lead by discussing how to prepare a reserve study and explaining how it serves as the starting point for analyzing potential savings in maintenance and energy costs. “As we all try to navigate through the national economic crisis, community associations are not only structured to stay fiscally strong but also are in a position to help lead our country out of this troubled time,” he said. “These associations are in a unique position, having planned for this work through years of ongoing investments into their reserve funds for these expenditures.”

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