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Maintenance - Gardens & Grounds
-
Allowance based on our general understanding of the
building with reference to other similar buildings in our
portfolio
Maintenance - Building & Plumbing
-
Expenses relating to unforseen maintenance of
common areas and plumbing infrastructure
Maintenance - Mechanical Plant and
Equipment
-
Nothing in the first year, covered under DLP. Second
year expenses relate to maintenance of car park
exhaust equipment and other miscellaneous fans not
specified on the plans such as lift motor rooms, waste
rooms.
Maintenance - Electrical
-
Nothing in the first year, covered un DLP. Second
year expenses relating to unforseen maintenance of
electrical equipment and infrastructure of the common
property such as lighting etc. Makes allowance for
light bulb replacement (labour to be included in the
building cleaner/manager role) based on an average
of 20-40 bulbs per month at a cost of $7.50 + GST per
bulb
Maintetance - Electrical Plant
-
Nothing in first year budget. Allowance relating to
point of entry, substation, MSB and essential services
Maintenance - Lift (Residential Only)
-
Expenses relating to maintenance and servicing of lift
mechanics for 8 lifts as well as the cost of emergency
call outs resulting from failures and breakdowns.
Assumes 12 months of costs are covered as part of
the installation of the equipment as negotiated by the
developer/builders. Year one based on $500 as a
nominal fee + $4,500 per lift for preventive scheduled
maintenance and servicing per year thereafter in
accordance with average lift maintenance contracts
Security
-
Nothing in first year budget. Second year budget an
allowance has been allocated for unforeseen repairs
and maintenance to the security system made up of
swipe readers to all perimeter entrance, basement
roller door and entrances and intercom to all units.
Maintenance pumps/hydraulic plant etc
-
Nothing in first year budget as it's covered under DLP.
Second year budget allowance has been allocated
Water
-
Expenses in relation to the consumption of water for
common property and apartments. Assumes an
average apartment consumption cost of $220 per
units p/a with an additional allowance for common
property of $5,000 to cover common area landscaping
Contingency
-
5% loading on all expenses to allow margin of
estimations error. Note this margin will not be included
as a line item in the actual budget upon registration.
Other expenses may absorb a portion of this margin if
required