What assessment evaluates a building's performance and compliance?

The correct choice is the Technical Engineering Report, as it thoroughly assesses a building's performance and compliance with relevant standards and regulations. This report typically includes evaluations of structural integrity, mechanical systems, and overall building functionality. It is an essential tool used by property managers, boards of directors, and stakeholders to ensure that the condominium meets safety and regulatory requirements while also identifying areas for improvement.

A Sales Threshold is primarily focused on the financial metrics required for a property to be considered viable for sale or investment, rather than an evaluation of physical performance and compliance. The Turnover Process refers to the transition of responsibility from the developer to the condominium board and involves documentation and other elements related to management rather than assessing building performance. Stage 4 may refer to a phase in a project life cycle but does not specifically denote an evaluation of building compliance or performance. Thus, the Technical Engineering Report stands out as the most relevant and precise assessment tool for this purpose.