Cash flow management is important for any business and it is the same for the maintenance of buildings: building managers, in order to ensure that they have adequate funds in place to meet the financial demands of maintaining a building, need to have accurate and up to date cost forecasts in place.
We are retained by leading residential property management agencies to deliver capital expenditure programmes across UK wide portfolios. The service entails the full survey of each building to record the type, materials used and current condition of each element. From this data, capital expenditure programmes ranging from 10 to 50 years are prepared to provide cost information to clients on the expected capital outlays required to maintain the buildings over the life of the programme. This helps clients set reserve fund forecasts and collections.
The pictures illustrate a mixed use development in Gosport comprising old, grade I buildings and modern buildings overlooking the harbour. Detailed capital expenditure programmes were prepared for each building in 2019 and we are now embarking on assisting the client in the first phase of project management.