Contingency fund study
The contingency fund study allows a manager to accumulate the necessary funds to be able to perform required work at the appropriate time. It also provides insight into the building and identify the best management strategy, taking into account the three main objectives of good management: physical management, financial management and good governance. The essential steps of this expertise are:
- The identification of the portions covered (Common portions)
- Identification of immediate work to be completed
- Life cycle analysis
- The analysis of the reserve fund and the issuance of projections
- The calculation of contributions and the update of cash flow
Such study allows the Syndicate of the Co-Owners to establish a prevention program for the building to maintain its value. It also allows the manager to plan inputs and outflows.