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...
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...
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...
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...
Visionaries: Samuel Star (Archi-QS Founder and Principal) has been published in the June-August 2022 Built Environment Economist. With over 30 years of accumulated knowledge and experience in the quantity surveying industry, Samuel is undeniably a visionary of his...
Latest energy efficiency requirements for new homes in the finalised 2022 National Construction Code and getting to know NatHERS. The National Construction Code 2022 is being released on the 1st of October. New residential dwellings will now be required to achieve the...
