Capital Works Plan
We have an innate understanding of how to schedule the works and manage the funds of a strata plan over a building’s lifecycle to ensure the out of pocket expenses are kept at a minimum without compromising the integrity of the building’s quality, and the occupants’ standard of living.
Compliant, Accurate & Now Updated for the 2026 Strata Reforms
Every strata scheme in New South Wales must maintain a 10‑year capital works fund plan to ensure adequate budgeting for the repair, maintenance, and replacement of major common property assets. These plans are essential for long‑term financial sustainability and for protecting owners from unexpected special levies.
From 1 April 2026, new legislative requirements will apply to the preparation and review of these plans. We provide fully compliant 10-year capital works fund plans prepared in accordance with the new standard form introduced under the strata reforms.
What’s Changing?
Under current legislation, all strata schemes must have a 10-year plan in place. From 1 April 2026, owners corporations will be required to use the new prescribed standard form when:
- Reviewing an existing 10-year plan, or
- Preparing a new 10-year plan to replace one that has already been in place for 10 years.
Schemes that already have a plan in place and are not yet due for review or replacement do not need to update immediately. However, the standard form is now available, allowing schemes to transition early if they choose. These changes aim to improve consistency, transparency, and financial planning across all strata schemes.
Our Capital Works Fund Plan Services
We prepare detailed, accurate, and fully compliant 10-year capital works fund plans tailored to the specific needs of your building.
Our plans include:
- Full Asset Review & Condition Assessment: We identify all major capital items and assess their expected lifecycle, replacement timing, and maintenance requirements.
- Cost Forecasting Over 10 Years: We provide realistic, data-driven cost projections for repair, renewals, and replacements.
- Fund Contribution Modelling: We calculate recommended annual contributions to ensure the capital works fund remains adequately resourced.
- Compliance with the New Standard Form (2026 Reform): All plans prepared or reviewed from now on can be delivered in the new standard form, ensuring your scheme is ready for the legislative change.
- Clear, Easy-to-Read Reporting: Our plans are structured for clarity, making it simple for owners corporations and strata managers to understand future financial obligations.
Why Choose Archi-QS?
- Experienced Quantity Surveyors: We specialise in strata financial planning and capital works forecasting.
- Reform-Ready Documentation: Our plans already align with the new standard form required from 1 April 2026.
- Accurate, Independent & Transparent: We provide unbiased assessments based on real-world construction and maintenance costs.
- Tailored to Your Scheme: Every building is unique, our plans reflect your actual assets, condition, and usage patterns.
What Owners Corporations Should Do Now
With the 2026 reforms approaching, owners corporations should:
- Review when their current 10-year plan is due for update
- Consider transitioning early to the new standard form
- Ensure future reviews or replacements comply with the new requirements
- Engage a qualified quantity surveyor to prepare or update the plan
- Preparing ahead of time ensures smooth compliance and avoids rushed updates as the deadlines approaches.
Stay Compliant & Financially Prepared
Whether your scheme is due for a review or you want to transition early to the new standard form, we provide fully compliant, accurate, and future-focused Capital Works Fund Plans.
How do I Get a Quote?
Email us at admin@archi-qs.com.au with a copy of the current strata plans and details of your building and we will get back to you with our fee proposal. If you are a strata manager, we can email you through a Schedule of Fees for all our strata services.