Page 15 - The NY Cooperator August 2019
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It is of the utmost importance  may be for only 10 years, but a boiler with   that when work is done, contract negotia-  tions include warranties from contractors.   Edith Schickedanz is an account execu-  tive with Gumley Haft , a co-op and condo  the installation company, not the manufac-  management fi rm in Manhattan. “Usually,  turer. Oft en these warranties don’t include   there are two diff erent types of warranties,”  visits for tests required by New York City.”   she says. “One from the manufacturer for  Th  e charges for these tests can be expensive.   the parts, and the other from the contrac-  tor  who  does  the installation  and  work.  uniformity to warranties as a whole, in   Manufacturer warranties can last for many  many cases terms will diff er when it comes   years, and contractor warranties are usu-  ally for a year.” Schickedanz explains that  Perhaps the most important consideration,   you want both, but that oft en the manufac-  turer’s warranty will require a contractor to  ates the terms. In most cases, warranties   do repairs that have been approved by the  are arranged and negotiated by architects   manufacturer. She   also  stresses  that   the best warranty   is the 20-year NDL,   because  “Over  time, contractors   go out of business,   and are no longer   there to cover their   warranty.”   Warranties may   also carry exclu-  sions;  for instance,   a  health  insurance   policy might carry   an  exclusion  for   preexisting condi-  tions. If your building’s roof carries a war-  ranty, but if your super goes up to fi x a leak   and makes the situation worse, the warran-  ty may be voided for all or part of the roof  condo might enter into an agreement for   and that claim.  Terms and Conditions  To a great extent, the terms and condi-  tions of a manufacturer’s warranty depend  ment between the two parties to complete a   on what type of equipment is being guaran-  teed. According to Reich, it’s important to  fi ed period of time. Many times, service   take note of the length of warranty, includ-  ing when it starts. Is the start date the day of  ties – but they’re not necessarily symbiotic.  completion of the work, or the day of pay-  ment for the work? Second, the warranty  ments, like those for HVAC systems or   should contain a notice provision. Th  ird, it  elevators, are required by the issuer of a   should also contain a clause making clear  warranty. In essence, you must have check-  the exclusions that it doesn’t cover – usually  ups and maintenance to keep the warranty   things like vandalism or misuse. For exam-  ple, if your roof isn’t equipped for foot traf-  fi c, and residents still use it as a ‘tar-beach’  and  value  of  your  service  agreement  de-  in the summer, any damage occurring from  pends on who is negotiating it. Service   such use wouldn’t be covered.   According to Schickedanz, when it  and boards need to pay close attention to   comes to individual building systems, “Th  e  the terms, conditions, and what is includ-  best warranty for a roof is a 20-year NDL.  ed in a proposed agreement. A very good   Th  e warranty may prorate dollar limits, so  example of this is that, as mentioned pre-  it’s important to nail this condition down  viously, most elevator service contracts do   when the specs for the job are written.   “Boiler warranties,” she explains further,   proper maintenance can last much longer,   perhaps 50 years. Elevators generally carry   good warranties, but they are usually with   In the fi nal analysis, while there is some   to  what  is  being  covered,  and  by  whom.   according to Schickedanz, is who negoti-  and engineers at the   time when work is   planned  and  con-  tracted. While these   professionals  are  usually  conscien-  tious and operate in   the best interests of   their clients, it’s still   important for board   members to pay   particular attention   to these terms as   they are negotiated   and agreed to – in   other words, trust   but verify.   Service Agreements  A service agreement diff ers from a war-  ranty in that an entity such as a co-op or   maintenance of a specifi c item like an eleva-  tor, but the agreement is not a result of the   purchase of the equipment. It is an agree-  necessary level of maintenance over a speci-  agreements go hand in hand with warran-  Reich explains that “Some service agree-  valid.”   Schickedanz again stresses the extent   agreement terms aren’t written in stone,   not include the testing required by the City   “Usually, there are   two diff erent types of   warranties. One from the   manufacturer for the parts,   and the other from the   contractor who does the   installation and work.”  — Edith Schickedanz   continued on page 17


































































































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