Updated ASTM standards (American Society for Testing and Materials) for Property Condition Assessments were recently released. The latest version of ASTM 2018-08 can be bought here. Originally released in 1999, the ASTM Standard for PCA/PCRs (Property Condition Assessments/Reports) is the most widely recognized standard for this type of work. Usage is hard to quanitize, but conservative estimates indicated that this standard has been used in over 400,000 Property Condition Assessments.
The latest version of the original 31 page document has over 200 revisions. The purpose of the standard is to provide a guide for a 'baseline' PCA of commercial property.
Reference: Wall Street Journal
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