BiLD is a team of engineers who have created an app in-house that is optimized for reserve fund studies. This makes the process more efficient, accurate and cost effective while providing a detailed report that is easy to understand and utilize. And that is just the start of what BiLD can do!Learn more >
BiLD strives for simplicity in all aspects of its user experience. Our reserve fund studies (RFS) are no different! Our emphasis is on providing an easy to understand report because not everyone has a technical grasp of building components. The best part is that the end of a BiLD reserve fund study is just the beginning for your building's data!
With our experience as engineers, we built an in-house app that is optimized for data entry on-the-fly. Our app has been developed to be much more accurate than what is typical of a traditional reserve fund study. It tracks the lifespan of all the components in our database dynamically, which lets us tell you what the true projected lifespan is, not just what some table in a book tries to tell you. Additionally, BiLD breaks components down into their respective parts where appropriate, which allows for far more accuracy when projecting costs and lifespans of your building.
One major problem with a traditional reserve fund study is that after it is done, the data is never used again and it is never updated to reflect the current status of the building. With BiLD, not only does your data live in the cloud, but it is in a constant state of dynamic change based on our algorithms. Put simply, we utilize your data, and every other buildings' data to better project design life, replacement cost, and maintenance cost of each component so that you can better plan for the future spending needs of your building as a whole.
Not sure if you should raise your condo/strata fees? No idea what part of your building you should spend on first? BiLD knows! One major side benefit of utilizing BiLD to perform your reserve fund study is that all of your building's data gets entered into the BiLD app. With your own account, you can not only see this data for yourself, but you can also "play" with the data by changing certain variables in order to see or show the outcomes of certain actions, letting you plan easier, more effectively and most of all, with less confusion.
A key feature of a BiLD reserve fund study is our simple, beautiful, easy-to-understand report. A BiLD reserve fund study comes with information about each building component including photos, health indicators and the design vs. projected life. Financial data is given in several scenarios so that you can make a plan that works for your building. The biggest improvement is something we call the timeline. Instead of dumping your building's data into a giant spreadsheet that is impossible to understand, we plot each of the 25 year projections on a timeline which shows only the relevant data for that year.