Questions regarding what the body corporate can do when there is not enough money allocated in a certain fund, in particular the transferring of money between the administrative fund and the sinking fund are common in our Office.

In this article we will briefly touch on what are funds, how funds are raised and whether money can be transferred between funds.

A common misconception within bodies corporate is that insurance premiums and sinking fund levies should increase with Consumer Price Index (CPI). Is this correct? Does it make sense? Well, no.

In this article we look into construction markets and how this data is used by quantity surveyors to develop Insurance Valuations and Sinking Fund Forecasts required for bodies corporate to determine insurable values for the building policy and capital replacement costs determining annual sinking fund levies.