Criterium-Hardy Engineers

As a property manager, I have used their services several times for various jobs and reserve studies. They have been amazing. Easy to read and understand reports, excellent communication including attending meetings to answer questions, and timely work. Highly recommended. More...

Reviewed on Google Maps

We used Criterium-Hardy Engineers to conduct a comprehensive capital reserve study for our HOA at Lake of the Ozarks and they were terrific! Highly professional, very thorough, and responsive are just a few of the qualities that made them stand out. We enjoyed working with them and they made the process easy with their methods and processes. More...

Reviewed on Google Maps

Criterium-Hardy Engineers developed a capital reserve study for us at our HOA at Lake of the Ozarks. They were very professional and performed a comprehensive analysis of our future capital needs. They were great to work with and I'd highly recommend them and would definitely engage them again. More...

Reviewed on Google Maps

Kyle Hardy completed a comprehensive reserve study for our condominium association. I was the contact person for our board of directors. His company fulfilled all of the requirements of the contract in a timely manner. The staff''s professionalism was exemplary in explaining the process, accommodating our schedules and dealing with the board of directors. More...

Reviewed on Google Maps

BOTTOM LINE UP FRONT: Criterium-Hardy Engineers’ delivered a first-rate comprehensive reserve study of Lake Sherwood Estates Association (LSEA), Lake Sherwood, MO, that met or exceeded my expectations. Peter G. Gavornik, CPA, LSEA’s 2019 Reserve Study Project LeadBACKGROUND: Established in 1967, LSEA is a ~1,200-member gated-community home-and lot-owners’ association that maintains 6 lakes for fishing, boating, and water skiing; 26 miles of private roads and association utilities including a sewage treatment plant, sewer and water distribution systems; multi-purpose community center complex with cooking facilities, 100-person meeting room, full service snack bar, and white sand beach with swimmers rest rooms and showers; multi-function administration building, a USPS mail center for residents, a large full-service maintenance facility; and multiple common ground amenities including a 23-site utility-pedestals-equipped camp ground with comfort station, marina with 100 rental docks, 7 waterfront parks, 3 children’s playgrounds, numerous public docking facilities, plus lighted volleyball, baseball, and baseball diamond facilities. LSEA maintains a well-structured financial process that includes annual CPA-audited financial statements and a capital asset reserve program that utilizes a hybrid funding strategy with both fixed straight-line and flexible cash-flow components. CRITERIUM-HARDY ENGINEERS’ RESERVE STUDY: LSEA’s Reserve Study RFP (Request for Proposal) netted four proposal bids. Proposal analysis and oral Q&A (questions and answers) determined Criterium-Hardy was both the highest qualified and the most cost-effective to address LSEA’s extensive infrastructure reserves requirements. Criterium-Hardy’s reserve study team conducted in-depth onsite inspections coupled with thorough analysis of the technical documents LSEA provided. They kept us fully informed during every step of study. They responded promptly to our multiple requests for study modifications as their analysis and our understanding progressed. Notably, Criterium-Hardy adapted their industry standard study methodology to integrate LSEA’s complex fixed straight-line and flexible cash-flow reserves funding model into the Reserve Study’s financial analysis. They present multiple 20-year funding options linked to percent-funded metrics, which allowed LSEA to assess the benefits versus risks of each option. Criterium-Hardy also crafted a one-off what-if community center analysis that assessed financial replace-versus-keep trade-offs, which will play a key factor in the LSEA Board’s pending decision to extend the existing or build a new community center. Without doubt, Criterium-Hardy Engineer’s 2019 LSEA Reserve Study provides a powerful financial-political tool that: (1) financially, clearly articulates in words, tables, spreadsheets, and graphics the LSEA capital infrastructure’s physical condition and corresponding reserves’ financial health; and (2) politically, serves as a power authoritative document to help compel future Boards to provide adequate capital reserves funding and for members to understand the imperative to do so. Sincerely, Pete Gavornik, pgavornik@aol.com. More...

Reviewed on Google Maps