How Bundling NYC Building Inspections Could Save Co-ops Nearly $1M
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How Bundling NYC Building Inspections Could Save Co-ops Nearly $1M
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With nearly 40% of a typical $2 million facade project going to "soft costs" like scaffolding and sidewalk sheds, smart planning of these inspections can lead to massive savings. In this episode, Gene Ferrara, president of JMA Consultants, offers an example of how one upper West Side building could save almost $900,000 by combining multiple inspections into one project. As NYC buildings face the end of the ninth facade inspection cycle and the beginning of the tenth in 2025, Ferrara shares practical strategies for boards to navigate these overlapping regulations while keeping costs down. Habitat’s Emily Myers conducts the interview.
Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!