For an association board, few situations are more challenging than navigating through an unexpected major capital improvement project — especially during tough economic times.
How do you make it work? Take a lesson from the trustees of Hammond Place, a 91-unit townhome community in Woburn, Mass.: Get expert help. Communicate openly and often with homeowners. And bring in Schernecker Property Services to do the job right.
“The trustees were extraordinarily methodical about finding the right contractor,” says long-time association manager Dave Barrett of American Properties Team. “The selection process took months.”
Working with Barrett and engineering firm CCA, the trustees hired SPS at the conclusion of a competitive bidding process that included multiple presentations, two rounds of interviews with the association’s Siding Committee and project team, and a financial audit.
“This was a $3.5 million project,” says Barrett. “The trustees weren’t taking any chances, and neither was the bank that provided the financing. The bank’s audit and trustee’s evaluation found that SPS was the candidate with the best financial resources, stability, and strength.”