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Our Capital Maintenance Program is a unique and innovative system for scheduling, budgeting for and implementing capital and preventative building maintenance to protect your property and reduce your costs. It is integral to optimising the market value, integrity and safety of your strata property.
Benefits for you and your body corporate of a well-structured Capital Maintenance Program include:
Our approach is to obtain a Capital Maintenance Forecast prepared by quantity surveyors. These forecasts set out what maintenance will be required over the next fifteen years, when it is likely to be required and how much it is likely to cost in future dollars. Based on this information, we create budgets and reminders for each task, and undertake the following when they fall due:
Inspect and provide a report if no works are required with a recommendation on when to reinspect. We’ll create a new reminder according to the recommendations.
If works up to $2,000.00 or an urgent make safe are required, we will instruct the contractor to carry them out, taking before and after photos and providing a detailed scope of works with itemised costing.
If non-urgent works in excess of $2,000.00 are required, we will instruct the contractor to provide a detailed scope of works and a quote, and we will obtain a second quote from another trusted contractor.
Once the quotes are to hand, we will circulate them with our recommendations for your review and comment. We will then authorise the works after a period of seven days.
We only engage trusted contractors who deliver quality workmanship, are reputable and reliable. By building relationships with contractors, we are assured of fair and competitive rates and of being a property. In the even that something does go wrong, we know out contracts will take immediate action to rectify it.
Terrace Strata Management offers the Capital Maintenance Program to bodies corporate in the greater Hobart area as well as in Launceston, Devonport and Burnie.
Take up our offer today with an initial payment of $750, plus an ongoing fee of $220 per year under a 12-month contract. Click below to secure your spot and enjoy hassle-free strata management.
