#15531
GeoffC
Flatchatter

    What factors should be used by firms who develop Sinking Fund Assessment Reports for Owners Corporations (OCs)?  Should they be just based on texts such as the Property Depreciation Handbook or the Australian Construction Handbook as well as a visual on-site inspection?  Should OCs also expect that the firm undertake a forensic analysis of all past maintenance expenditures from the Sinking Fund to develop a matrix/table/spreadsheet to inform themselves and the OC of historical data and risk factors.  Such research and analysis would surely indicate endemic risk factors and building faults that have had to have been previously rectified and so then they should be factored in to the professional determination and assessment of the future levels of funds required in the Sinking Fund?