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Read more previous newsSinking Fund Forecasts
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Our Quantity Surveying division specialise in the preparation of Sinking Fund Forecasts (also known as a maintenance plan) either for new and existing developments, or for use in marketing. We can prepare a sinking fund forecast for you or in conjunction with the strata/body corporate manager to present a schedule that realistically presents guidance on the future replacement cost implications of each property. Our sinking fund reports present in detail, a breakdown of replacement items, their costs and average replacement cycles, a recommended expenditure program to assist in managing future outlays from the fund and a schedule of annual contributions to the fund for each property owner, calculated by contribution based on lot entitlement. Legislation has been implemented in various states across Australia which requires all Strata Plans to have Sinking Fund Forecasts prepared and updated every few years and identifies Quantity Surveyors as the Professional appropriately qualified to prepare these reports. |
