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Facility condition assessment is an analysis of the condition of a facility in terms of age, design, construction methods, and materials. [1] [2] The individuals who perform the assessment are typically architects and engineers, and skilled-trade technicians. Engineering and architectural professional opinions as to the conditions observed are ...
Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
Facility management [1] or facilities management (FM) is a professional discipline focused on coordinating the use of space, infrastructure, people, and organization. Facilities management ensures that physical assets and environments are managed effectively to meet the needs of their users.
In the United States, an environmental site assessment is a report prepared for a real estate holding that identifies potential or existing environmental contamination liabilities. The analysis, often called an ESA , typically addresses both the underlying land as well as physical improvements to the property.
Healthcare real estate is a niche market within the larger real estate industry. Healthcare real estate, or "medical real estate", describes buildings, offices, and campuses leased to members or organizations within the healthcare community.
Many residential facilities are designed for elderly people who do not need 24-hour nursing care but are unable to live independently. Such facilities may be described as assisted living facilities, board and care homes, or rest homes. They typically provide a furnished or unfurnished room, together with all meals and housekeeping and laundry ...