by Archi-QS | Sep 8, 2023 | All Posts, Project Management, Quantity Surveying
When should I update my Capital Works Plan? As mandated by the Strata Schemes Management Act 2015 No 50 section 80, a capital works plan needs to be reviewed every 5 years: “(3) An owner’s corporation may, by resolution at a general meeting, review, revise or replace...
by Archi-QS | Sep 4, 2023 | All Posts, Quantity Surveying, Strata Services
A Capital Works Plan, formally known as a Sinking Fund Forecast, is a document that outlines the anticipated future expenses required to maintain and upgrade the common property of a strata scheme over 10 years. It serves as a roadmap for managing the financial...
by Archi-QS | Aug 16, 2023 | All Posts, Quantity Surveying
A Progress Drawdown Report provides a comprehensive overview of the progression of works whilst mitigating project risks and seeing the sustainable use of finance for all parties involved. In this blog post, we will talk about the particularities of this report and...
by Archi QS | Jul 12, 2023 | All Posts, Project Management, Quantity Surveying
A Construction Finance Initial Report, also known as a Construction Budget Report, Pre-Construction Report, or Pre-Con, plays a crucial role in obtaining approval for a construction loan facility from project financiers before commencing construction work. This report...
by Archi QS | Jun 9, 2023 | All Posts, Updates, Insights & Thoughts
The National Construction Code (NCC) 2022 is an important document that sets the standards for construction in Australia. The new edition of the code has come into effect on May 1, 2023, and it is expected to bring significant changes to the industry. Changes relate...
by Archi-QS | Feb 27, 2023 | All Posts
Strata buildings in NSW are becoming increasingly complex, presenting a range of challenges for owners, residents, and strata managers. As the number of strata buildings continues to grow, it is important to understand the factors contributing to this complexity and...
