Sinking Fund Plans
Sinking Fund Plans are vital for the life of your building, as well as meeting legislative requirement. The Strata Schemes Act 2006 and Regulation requires all strata schemes to prepare and implement a Sinking Fund Plan and to update at most, every 5 years.
Preparing and implementing a Sinking Fund Plan allows owners to predict and budget for future maintenance expenses for the property. It allows the strata scheme 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 plan for your strata scheme 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.