Maintenance Plans
As buildings age they require maintenance to help retain their value, increase longevity and make the property more enjoyable to live in. Key to this is having a preventative maintenance program in place.
TAKING THE STRESS OUT OF YOUR MAINTENANCE PROCEDURES + COMPLIANCE
CompliancyCo.’s custom made proprietary software and Maintenance Plan procedure is designed to take the stress out of this process for owners corporation (OC) managers.
All assessors are experienced and highly qualified unlimited building practitioners, engineers and surveyors, ensuring that your Maintenance Plans are the most comprehensive and reliable in the industry.
In addition, all staff are well versed in the construction code, relevant building regulations, current acts, and costs of works.
Following a comprehensive assessment, CompliancyCo.’s specialist software calculates the most efficient use of your funds and ultimately creates a Maintenance Plan that strikes a balance between having adequate funds to cover major expenses, while avoiding unnecessary build up of capital reserves that owners could put to better use.
Furthermore, the plans ensure that OC’s have enough money saved to cover the cost of major works, without taking the focus from regular maintenance required, or having to suddenly and unnecessarily implement fee increases or special levies.
Important changes for multi-unit dwellings of 50 or more lots
OCs with more than 50 lots are now required by law to implement a maintenance plan, enabling them to predict and budget for future maintenance expenses.
Once an OC has adopted a maintenance plan, it must then create a maintenance fund and issue levies to cover the cost of the future works noted. Furthermore, the OC is required to report on implementation of the plan at each Annual General Meeting.
What is included in an Owners Corporation Maintenance Plan?
A condition report on each asset within the development.
Timeframes for capital items to be repaired and/or replaced over the next 10 years, the estimated cost associated with that repair or replacement, and the life expectancy of those items once repaired or replaced.
The square and/or lineal meter rate, along with unit price per item for all assets within the development.
Property photos for OCs to easily identify maintenance issues in the instance they may not be able to physically attend site.
Why choose CompliancyCo.?
TRUSTED PROFESSIONALS
CompliancyCo. experts are fully registered unlimited building practitioners, engineers and surveyors, ensuring that you receive a comprehensive and detailed plan that is reliably and accurately costed in line with the current market.
DETAILED REPORTS
Reports are comprehensive, easy to read and understand and include suggestions to lengthen the life and/or reduce the maintenance costs of items to save you money.
CONSISTENCY + ACCURACY
The same team member that does your inspection will prepare your report in conjunction with technical research staff to ensure a consistent, high quality approach.
UP TO DATE PRICING
CompliancyCo. continuously updates its maintenance, repair and replacement rates using industry sources and privately sourced pricing data to ensure it delivers the most accurate expense forecasts.
THOROUGH RESEARCH
The CompliancyCo. team take the time to develop a complete understanding of your property to avoid pitfalls down the track.
AGM REPRESENTATION
By request, a CompliancyCo. representative can appear at your AGMs or SAGM to explain your Maintenance Plan to the committee in detail.