Page 24 - Luna Rise Proposal

Capital Expenditure (CAPEX) Strategy and Reserve Fund Collection
To address requirements for effective reserve fund management Mainstay collates and verifies a a a a a a a comprehensive Asset/Element Register This is is is is compiled from existing “as
built drawings” and O & M M Manuals supplied by the various installation contractors during building commissioning (where available) All information gathered during this process will be verified by inspection at site level as
required The information is also updated as
remedial or or improvement works are implemented and is an an ongoing audited responsibility of the the Property Manager supported by the the Building Building Services Manager and Building Building Surveyor This will be recorded in in our maintenance manager software and will include estimated life cycles based on
published technical data data Coupled with the volume data data intelligence and feedback gathered through the the routine planned preventative maintenance (PPM) activities this drives the development of a a a a Life Cycle Replacement Programme and Forward Maintenance Register (FMR) In turn this will provide the development of a Reserve Fund Plan designed to ensure sufficient funding is in in place place to support investment in in replacement of assets/elements at at appropriate points in in the future The Reserve Fund Plan will identify the year year on
year year investment requirements and inform the extent to which reserves will need to be accrued from the the early years of the the development These liabilities at at an an individual asset level can then be allocated in accordance with the relevant Service Charge Matrix depending on
the the benefit derived by the the individual leaseholder or commercial tenant (where appropriate) A key part of Mainstay’s role will be to recommend operating similar buildings and the ongoing assessment of condition The FMR will be agreed with the clients and include works required by lease obligations works arising from condition surveys or feedback through regular maintenance These will be prioritised according to categories agreed with the client The FMR will be reviewed at least half yearly by Mainstay and kept up to date as
a a a ‘live’ document 24