Topic: Maverick EC members spending Sinking Fund

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23/09/2014 at 10:50 pm #9704 Reply | Quote
Scoop Barnacles
Hi

2 members (of 9 total) of the EC in my building have racked up a $25,000 bill without consulting other EC members or adhering to usual protocol of discuss, quote x 3 & vote.

The work being charged is shabby and the value dubious. The contractor has charged $150 an hour and itemised vast amounts of time to do simple tasks such as replacing screws.

The EC members have a personal relationship with the contractor also.

Any advice as to how this should be handled would be appreciated.

Thanks
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24/09/2014 at 8:35 am #22286 Reply
kiwipaul
Flatchatter
TELL the SM not to pay the bill because it is unapproved work and to prove it send them a letter signed by as many of the other EC members as possible stating they had not approved this spending.

If the bill has been paid tell the SM to invoice the EC member who authorized the bill for the full amount (after you have given the SM the letter signed by at least 50% of the EC).

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Reply To: Maverick EC members spending Sinking Fund

PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.