Welcome to our comprehensive guide on all things asbestos, dedicated to Asbestos Awareness Month. Learn more about this renowned yet hazardous mineral and how to handle it safely. Whether you’re a homeowner, a business owner, or a construction professional, this...
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...
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?...
If you don’t know when you should choose a detailed detailed Capital Works Plan, keep reading this blog post to find out! A detailed Capital Works Plan is suitable for properties: That have undergone major capital works upgrades. Have plans to undergo major capital...
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...
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...
