Who does Sinking Funds?
Sinking Funds are normally prepared by suitably qualified and experienced Quantity Cost Professionals such as Quantity Surveyors.
As well as identifying Building Issues, a Quantity Surveyor is also able to cost and allocate them into a 10, 15 or 20 Year Sinking Fund Budget for inclusion into a Sinking Fund Forecast or Sinking Fund Maintenance Plan.
This will enable the members of the Body Corporate / Owners Corporation to set the right amount of levy contributions, for the necessary works to be done at the right time.
Sinking Funds should not be prepared by Body Corporate / Owners Corporation Managers. It is highly unlikely that they are properly trained or qualified to do this type of Work and may not carry the correct insurances.
It is important to note that a Sinking Fund, which is mainly for Capital Expenses such as Programmed Maintenance, is not the same as the Administrative Fund, which is for the everyday Operational Expenses for the Body Corporate or Owners Corporation.
To get a Sinking Fund done for a Body Corporate or Owners Corporation, let us find you suitably qualified and experienced Quantity Cost Professionals to assist you.
Just provide your details in the box, on the top right hand side of your screen.
It can save you a lot of time, money and worry.