by Archi-QS | Oct 17, 2023 | All Posts, Strata Building Bond and Inspection Scheme, Strata Services
Australia has been plagued with building fires and major defect events in recent years. As a result of many reports and recommendations, the NSW government has responded and committed to strengthening the building sector through a sweep of reforms. The Scheme Amongst...
by Archi-QS | Sep 27, 2023 | All Posts, Strata Services
In the event of a capital work cost surpassing the capabilities of the capital works fund, strata schemes may resort to a Special Levy. This financial mechanism involves distributing a one-off cost among the property owners within the scheme. Why Special Levies arise?...
by Archi-QS | Sep 12, 2023 | All Posts
At Archi-QS, we understand the profound impact that our recommendations in a Capital Works Plan can have on the lives of residents within a building. We recognize that each property is unique, and a one-size-fits-all approach won’t cut it. That’s why we...
by Archi-QS | Sep 11, 2023 | All Posts, Strata Services
When it comes to maintaining a building’s integrity, there’s a common misconception that we simply set a date for replacements or repairs and expect residents to foot the bill. But here’s the real deal – that’s not how Capital Works Plans...
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...
