Sinking Fund Forecast
Sinking Fund Forecasts are vital for the life of your building, as well as the legislative requirement. The Body Corporate and Community Management Act 2008 requires all bodies corporate to prepare and maintain a Sinking Fund Forecast and to update at most, every 5 years.
Preparing and implementing a Sinking Fund Forecast allows owners to predict and budget for future maintenance expenses for the property. It allows the Body Corporate to ensure that they have enough money saved to cover the cost of major works taking the focus from whether the maintenance is required.
Solutions in Engineering can prepare a sinking fund forecast for your body corporate that will ensure owners funds are used in the most efficient manner to keep levies as low as possible while ensuring the proper maintenance of the property.
Solutions in Engineering has qualified and experienced inspectors that are willing to work with the committee to prepare a plan that owners are happy to implement.