Insights and News
Minimising Out of Pocket Expenses with our Capital Works Plans
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...
Capital Works Plan: The Truth Behind It
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 work!...
The Importance of Updating Capital Works Plans Regularly
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,...
Capital Works Plan: A Comprehensive Introduction
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 Importance of Progress Drawdown Reports During Construction
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...
Ensuring a successful project with a Construction Finance Initial Report
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...