As 2014 comes to an end, many of us will look back at our accomplishments, at what was. But property managers do not have that luxury. They must continue to look to the future, forecasting potential problems and taking preventive measures to avoid expensive repairs. And you know what that means, right? Planning and budgeting (reserve study).
The annual budgeting process looks something like this:
- Interview site staff to obtain their input.
- Review the operating expenses from the past year to help predict future expenses.
- Verify annual contract amounts.
- Complete an annual site plan.
- Complete an annual staffing plan.
- Draft your budget.
But before you can really draft your budget for 2015, you must first analyze your pavement needs.
Planning 2015 Pavement Projects
This is the time when property managers should prioritize pavement projects for the coming year and allocate the appropriate funds to cover these projects. But what projects require your immediate attention and which can be pushed back another year? Do the sidewalks need to be repaved? Does the parking lot need to be re-striped or re-sealed? Do your retaining walls require your attention or will they retain their integrity for another year? The only way to know for sure is to employ the help of a professional pavement contractor, like PTG Enterprises.
PTG Enterprises has been in the asphalt paving, concrete, and masonry business for more than a decade and stands out as an industry leader due to our methodology of pavement management planning: a systematic, long-term approach to managing and extending the life of your pavement. As a member of the Community Association Institute (CAI), National Facilities Management and Technology (NFMT), and Maryland Multi-Housing Association (MMHA) we are well-positioned to help you make the right financial decisions for your property or community association. We will work with you to develop a comprehensive strategy to extend and maximize the lifespan of your asphalt and concrete surfaces.
If you have any questions about Planning 2015 Pavement Projects, please contact PTG Enterprises today by calling 410-636-8777, or click here today! You can also check us out on Facebook and Twitter.
