STRUCTURAL INTEGRITY RESERVE STUDY (SIRS)
Structural Integrity Reserve Study is now required to be reported by a design professional, such as a Professional Engineer. This structural reserve study identifies the budget reserves needed to maintain the building structure safe and the waterproofing performing adequately for the next ten years. It includes all items that require more than $10,000 in reserves to replace/repair during the next repair cycle. On buildings that may require concrete restoration, it will be more accurate to conduct the study after Phase 2 below.
PHASE 1: STRUCTURAL INTEGRITY RESERVE INSPECTION:
The visual inspection report signed and sealed by a licensed engineer wil state the estimated remaining useful life, and the estimated replacement cost of any item with a deferred maintenance or replacement cost that exceeds $10,000.
The report wil include the folowing:
• Roofs
• Load bearing walls
• Primary structural members as defined in s.627.706.
• Floors
• Foundations
• Fireproofing & fire protection systems
• Plumbing
• Electrical systems
• Waterproofing & exterior painting
• Windows and exterior doors
• Ancillary structures such as swimming pools, pool/plaza deck, seawall and parking garage
PHASE 2: STRUCTURAL INTEGRITY RESERVE STUDY:
The reserve study to allocate funds cash flow based on the licensed engineer inspection report can be done by others.
If a client requires RAS Engineering to produce it, will calculate the required funds based on the remaining life stated in the report and linear distributed on a 10-years horizon, disclosing the cost per unit owner.