What is Life Cycle Costing? The Life Cycle Cost (LCC) of an asset is defined as: “the total cost throughout its life including planning, design, acquisition and support costs and any other costs directly attributable to owning or using the […]
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There’s no denying it; population density in Sydney is on the rise. The demand for affordable urban housing is constantly increasing, and individuals and families with all kinds of different lifestyles are moving into strata scheme buildings and facilities. With […]
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What is Building Replacement Insurance? Building Replacement Insurance is the amount an insurer will pay for the cost of replacing or repairing your home to its current condition (up to the policy’s limit) in cases of damage resulting from any […]
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The owner’s corporation is the body made up of all the owners in a strata scheme. It has the responsibility for: maintaining and repairing the common property of the strata scheme managing the finances of the strata scheme taking out […]
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A sinking fund forecast is a report, drawn up to give an estimated forecast of a property’s budget. This kind of report takes into account past expenditures, along with future financial liabilities, such as building maintenance and repair work, to […]
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Work health and safety and the property owner/s Are you aware that as a property owner or controller of an asset you have a duty of care to those who access, conduct work on and use your property? Duty of […]
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