Depreciation Reports
BC Quantity Surveyors Inc.(BCQS) provides professional, practical, realistic and cost-effective statutory Depreciation Reports for strata corporations in British Columbia.
British Columbia’s new Depreciation Report legislation The Strata Property Act and Strata Property Regulations require strata corporations to obtain a Depreciation Report to identify the timing and future cost of major repairs and replacements to their buildings and facilities, and to provide the owners with funding options for additional contributions to their contingency reserve fund to pay for same. The objective of this new legislation is to enable strata corporations to anticipate future capital expenditures and to determine the adequacy of, and funding options for, their contingency reserve funds, in order to:
Our Competitive Advantage
1. Most Comprehensive Qualifications
2. Highest Accuracy of our projected Capital Cost Expenditures
- Our cost database is based on 25 years of project management experience
- As project managers, our cost inventory data base is continually updated based on actual project costs.
- Our cost data base inventory is comprehensive, realistic and local.
3. Most Competitive Depreciation Report Pricing
- 25 years of project management experience and judgment provides maximum efficiency
- Efficient use of technology to capture and process data
- Comprehensive inventory data base and continual updates minimizes cost of price sourcing
- We are a British Columbia business. We know local pricing.
4. Alternative Low Monthly Service Contract Payment Option Eliminates Initial Up-front Cost
- Instead of paying the entire cost of the Depreciation Report up front, we offer a service contract option with low monthly payments (see "Depreciation Report Fee Guidelines") which includes annual capital repair and replacement cost adjustments that will enable strata corporations to revise Contingency Reserve Fund contributions for each annual budget to reflect changing market conditions.
5. Low Cost Capital Cost Expenditure Spreadsheet and Funding Report Option (requires 75% vote to waive statutory Depreciation Report)
- Cost depends on level of data input/verification required
- Based on the same comprehensive cost data base inventory and funding options used for our statutory Depreciation Report