I agree the project is ambitious, but it may be more manageable if the individual tasks are re-shuffled and re-sequenced into two broad streams, thus:
A:
– the consultation process
– thorough review of by-laws
– modernise the by-laws, which could start with the current model by-laws (in accordance with consultation with owners re issues and challenges)
– The updated by-laws could incorporate the proposed style guide for colours and materials. Good luck with this one — there may be a wide diversity of strongly-held views among your fellow owners.
B:
– updating the plan
– common property audit and asset register
– develop a long term asset management strategy (informed by asset condition audit and assessment of options for major building component replacement). This last component should ensure compliance with the requirement for review of adequacy of the capital works fund.
A and B could proceed in parallel. A could potentially be accomplished in-house, dependent on the skill mix among Committee members. B is the more likely to require outside help.