Many condominium owners have been inquiring about a final reconstruction schedule. At this point in time, the Board of Directors does not have a complete reconstruction schedule. The reason for this is that the details of the scope in terms of final quantities (how many sheets of sheetrock, how many linear feet of plumbing, how many pieces of siding, etc.) have not been agreed upon by our public adjuster and the insurance company. The public adjuster and the insurance company completed the interiors a few weeks back but just completed the exteriors this week. Our public adjuster is now tasked with revising the original scopes/IRC reports to include the agreements reached during the walk thru with the insurance company. Once this has been completed, the association will have Cotton price out the full scope for each building. After Cotton has priced the work, it will be submitted to the insurance company for sign off and then we can proceed forward with reconstruction. Until the scope is fully updated and our general contractor (Cotton) and the Associations are able to review it and create a schedule based on this scope the Board does not have a completion date at this time.
The Board and IRC are pushing this issue on a daily basis and hope to have these revised/agreed upon scopes out to Cotton by the end of next week. Please keep in mind that a reconstruction schedule is also contingent upon the receipt of funding in the form of owner assessments, insurance funds and SBA Loan.
