Substantial Improvement & Damage Tracking
Forerunner lets you easily add, track, and visualize SI/SD costs so that you can better enforce compliance with NFIP regulations. Stay on top of improvement and damage costs for individual parcels with in-app substantial improvement tracking!
To log an improvement or damage, navigate to the SI/SD tab in your Property Info Panel (you'll find it directly under the property address). Click +Add New and a modal will pop up prompting you to enter a date, value, type of cost, and an optional description. The date you enter will differ depending on how you track cumulative substantial improvement and damage in your community, but it's likely that you will enter your permit application date. Clicking Save Cost will log the changes.
Under the description field, you can select your method of assessing the total market value of the building on the date of the improvement or damage. Forerunner defaults to an automated assessed value which is calculated by applying an Adjustment Ratio to the property's Improvement Value. You are also able to provide a different market value estimate derived using another methodology or historic valuation. To do this, select Other value estimate and input the value. Clicking Save Cost will log the changes.
As you add additional improvements & damages, the entries will be recorded and the values will be summed. Under the Summary header, a progress bar will display the summation of all logged entries. The bar will turn red after the 50% threshold has passed. Below the progress bar, the application will generate a Cumulative SI/SD Percentage and a Cumulative SI/SD Cost along with a tracking period.
If you want to change the information for an improvement or damage you previously logged, click Edit next to that entry. An edit modal will appear, allowing you to make and save changes. If you want to delete the entry altogether, just select Delete at the bottom left corner of the edit window. Another modal will appear prompting you to confirm your selection. Happy tracking!