Scope of Project. A. Invoice and Documentation Review 1. Review construction invoices related to capital repairs completed within the HOA/Community for accuracy and reasonable cost. 2. Where applicable, verify that building permits were obtained and final inspection certificates passed. 3. Examine packages of bids, invoices, and other financial documentation provided by the HOA/Community to identify irregularities or potential issues related to workmanship, potential overcharges, and completeness of work. B. Financial Review 1. Review HOA financial statements as necessary, with particular attention to capital replacement reserve accounts. 2. Evaluate the alignment of capital expenditures with expected maintenance and replacement schedules. 3. Financial records will be provided by the HOA/Community for analysis. C. Physical Inspections 1. Conduct on-site inspections of homes to assess structural integrity, installed components, and quality of workmanship. 2. Identify any defects, installation errors, or deficiencies that may contribute to unnecessary expenditures. D. Final Report and Analysis 1. Prepare a detailed final report summarizing findings from invoice review, financial analysis, and physical inspections. 2. Provide expert opinion distinguishing between reasonable maintenance/repair costs due to normal wear and tear versus costs likely resulting from substandard workmanship. 3. Include recommendations, if any, for remediation, further investigation, or adjustments to capital reserve planning.
