SUMMARY OF CHANGES TO ASTM E2018-24

Apr. 10 2024 - Deanna Bourassa

REVISED STANDARD GUIDE PROVIDES A BASELINE PROCESS FOR CONDUCTING PROPERTY CONDITION ASSESSMENTS ON COMMERCIAL REAL ESTATE PROPERTIES.

The E2018-24 PCA guide provides a baseline process for consultants to conduct walk-through surveys and research of commercial properties to identify and communicate material physical deficiencies to a user. The new E2018-24 standard guide includes more than 140 revisions and replaces the E2018-15 guide, which was published in August 2015. Users are encouraged to adopt E2018-24 immediately and can contact Bureau Veritas for implementation assistance.

The ASTM E2018-24 standard serves as a comprehensive framework for conducting Property Condition Assessments on commercial real estate properties. Its primary objective is to ensure thorough evaluations through a combination of walk-through surveys and research methodologies outlined within the guide.

Click here to download the full standard and all of its revisions!

About the Author

Jim Bartlett, Senior Vice President, Bureau Veritas

Secretary, ASTM Committee E50 Environmental Assessment, Risk Management and Corrective Action Chairman, Subcommittee E50.02 Real Estate Assessment and Management

Jim is a long-time commercial real estate consultant specializing in asset management/capital planning, transactional due diligence, construction project management, ADA/accessibility, and risk mitigation. He has been an active member of the Task Groups that have revised the ASTM E2018 PCA Standard Guide and served as Recording Secretary for the ASTM E1527-21 Phase I ESA Standard update. He also serves as Technical Contact for ASTM E3026 on Limited Moisture Assessments; and Task Group Co-chairman of WK86230 for Drone Assessments of Commercial Real Estate.

Jim enjoys the pursuit of best practices and practical approaches to complex real estate challenges, as informed by over 30 years of experience and the study of current regulatory and industry standards. Jim is a frequent speaker, trainer, and policy advisor.

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