Page 9 - West 3 SC Budget YE 31/12/18

LONDON APARTMENTS
Budget Line
Contracted cost
£
Estimated cost
£
Project work £
Tender Opportunity £
Summary Notes
TOTAL £
Fire alarm & emergency lighting
22,000
10,000
53,000
Contracted costs: Fire alarm contracted rate with Triangle Fire (£22k).
Project work: replacement and upgrade of smoke detector heads (£25k), AOV in Napier House, KW (£28k).
Estimated costs: Emergency lighting contract- ed rate per visit with Firecrest (est. based on contracted rate and visits YTD £10k).
85,000
TV/Satellite
11,000
Tender opportunities: Current contract with TV Aerials London (£15k).
Opportunity to tender in 2018 and review project work for 2019.
11,000
Water supply
160,000
Estimated costs: Based on 2017 forecast and 3-year budget average.
160,000
Communal electricity
135,000
Estimated costs: Forecast provided by Energy Broker - EUM (current contract providers).
We will be launching an ‘Energy Eco’ campaign in 2018 to help reduce the Estate costs and carbon footprint.
135,000
MA fees
174,116
Contracted rate: Mainstay management contract.
174,116
Audit fees
6,000
Estimated costs: Based on 3-year budget average.
6,000
Professional fees
This line has been removed and broken down further in budget (as M&E, CAPEX, s.106)
0
M&E lifecycle plan
7,359
NEW LINE
Contracted costs: M&E lifecycle plan initial quote, required to budget for long term main- tenance/replacement of M&E plant (£7,359)
7,359
CAPEX
8,000
NEW LINE
Contracted costs: CAPEX plan initial quote, required to budget for reserve fund contributions towards building & fabric maintenance upkeep costs (£8k).
8,000
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