A Capital Works Fund Forecast must be reviewed every 5 years according to the Strata Schemes Management Act. When we review a report, we undertake a new inspection and re-assess each item’s condition and whether items have been replaced. It may be that certain items have been well maintained and their...
We carry out an inspection on the building/s and identify all common property items that will need replacing over time. We assess each item’s condition and determine an expected life for both the existing item and its future replacement. We then estimate its replacement cost in today’s prices and make...
Common property items covered in a Capital Works Fund Forecast can include: Driveways Fencing Roofing Gutters Downpipes Carpet Floor tiles Fire equipment Lights Lifts Painting Balustrades
If you think that your building may be under-insured, then you need a Replacement Cost Estimate. Certainly commercial, industrial or retail properties that are built for purpose may need an expert to determine a replacement cost. Similarly, architecturally designed houses may require a Replacement Cost Estimate. In accordance with the Strata...
A Quanto Replacement Cost Estimate will include: A description of the building structure, materials, services and finishings Works external to the building Building areas Total building cost Photographs If there is anything unique or unusual about the building, this will also be noted e.g. car stacker, solar panels, swimming pool
Quantity Surveyors are the experts in estimating construction costs. We have the relevant experience necessary to determine an accurate replacement cost of a building. This includes all development costs and escalations that could arise during construction so that you can be assured that your asset is fully covered by insurance.
If you think you might need the services of an Expert Witness in a construction dispute, you should first seek legal advice from a qualified legal representative. If they then require an Expert Witness, your legal representative may instruct you to engage a qualified Quantity Surveyor.
Quanto can provide a Construction Cost Estimate for any proposed development at any stage. Whether it is a simple plan drawing or a full set of architectural and structural plans, Quanto are able to provide our opinion on the construction cost of your project. Obviously, the greater the detail in...
No. Quanto’s Tax Depreciation Schedules last for 40 years from your settlement date. The only reason you would need an updated report is if there is a change of ownership or if any renovations have been carried out. Contact Quanto to find out if you need to update your report.
A Tax Depreciation Schedule summarises the total amount of building costs that qualify for depreciation. This is then broken up into two areas: Capital Works (Division 43) and Plant & Equipment (Division 40). Plant & Equipment items/assets refer to removable items with a shorter useful life than the building. Because of...
