Otherwise known as a Sinking Funds Forecast or Life Cycle Costing, these reports are a detailed cost schedule ensuring the property owners allow for sufficient financial reserves to maintain the building.
Most importantly, these clear financial reports minimise the future risk of insufficient funds, creating a safety net for both the body corporate and the building itself.
If you are a Strata Owner in Western Australia, the new and improved Strata Title Reform states that every Strata company with 10 or more lots or a replacement cost of $5 million or more, must establish a 10 year plan that sets out;
- the common and personal property of the strata company that is anticipated to require maintenance, repair, renewal or replacement.
- the period covered by the plan
- a report about the condition of the covered items and the anticipated costs for maintenance, repairs, renewal or replacement
- a strata company must prepare a budget forecast for each financial year to its annual general meeting
Find out more about our Reserve Fund Forecast below or call us for a chat on 089424 5800.
Alternatively, you can send us an email for an obligation free quotation.
Rawlinsons (W.A.) Quantity Surveyors and Construction Cost Consultants are highly trained professionals and experts in estimating construction costs. We cover the full range of cost management services from initial cost planning through to contract administration, as well as ancillary services such as sinking funds forecasts, insurance replacement valuations and tax depreciation schedules.
Since 1983 Rawlinsons (W.A.) have been the leading creators and publishers of construction cost data in Australia. Our comprehensive publications of technical building costs are an essential tool for builders, architects, quantity surveyors and many others in the construction industry. Head over to, Rawlhouse Publishing, for more information and for a snapshot of our services please watch our video below.
